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Benefits That Count

Benefits That Count. Keep your costs down. Realize tax savings. Save valuable administrative time. Improve employees’ understanding and appreciation of their benefits. Colonial Life can help you. Choices you can Count On!. The need for Supplemental Insurance

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Benefits That Count

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  1. Benefits That Count

  2. Keep your costs down. Realize tax savings. Save valuable administrative time. Improve employees’ understanding andappreciation of their benefits. Colonial Life can help you

  3. Choices you can Count On! • The need for Supplemental Insurance • Helps fill gaps and offsets out-of-pockets expenses • Helps with rising costs of health care • Provides benefits at NO cost to employer! Employer Benefits Package Complete the Package • Medical • Life • Dental • 401k Colonial Life’s Personal Insurance Products

  4. Product Portfolio

  5. Short Term DisabilityDisability coverage replaces a portion of your income if you become totally disabled because of a covered accident or sickness. Key Features: On/off job or off job accident & illness coverage, includes partial disability benefit & waiver of premium benefit. • Plan Design: Up to $5,000/monthly income replacement not to exceed 60% of income. Benefit periods from 3, 6, 12 or 24 months. Elimination periods starting at 0/7. • Optional Riders: Wellness Benefit • Special Underwriting: PEGI & GI; Credit for Time Served • Offered To: Employee

  6. AccidentDesigned to help see you through the different stages of care in the event of a covered accident. Helps to offset out-of-pocket expenses associated with an accident. Key Features: On/off job accident coverage, emergency room, X-ray, ambulance, fractures & dislocations, surgical care, transportation & lodging, hospital admission & confinement, ICU admission & confinement, follow up care, AD&D, catastrophic accident • Plan Design: 3 Levels with or without Health Screening Benefit • Optional Riders: Employee Disability; Spouse Disability; Sickness Hospital Confinement • Special Underwriting: No underwriting on base plan. • Offered To: Employee, Spouse, Child(ren)

  7. Medical BridgeHelps pay for deductibles and co-insurance as well as every day living expenses. Key Features: Hospital confinement, rehabilitation unit benefit, outpatient surgery benefits. Some plans offer diagnostic procedures, ER visit, doctor’s office visit. Includes Wellness Benefit Plan Design: 5 Levels Special Underwriting: PEGI & GI Offered To: Employee, Spouse, Child(ren)

  8. CancerHelps maintain financial security in the event of a cancer diagnosis. Helps to offset out-of-pocket expenses for indirect, non-medical costs associated with cancer. Key Features: Inpatient benefits, treatment benefits, transportation & lodging, surgical procedures, extended care benefits. Includes Cancer Screening/Wellness benefits Plan Design: 4 Levels Optional Riders: Specified Disease; Initial Diagnosis; Progressive Payment Special Underwriting: Five years cancer free. Offered To: Employee, Spouse, Child(ren)

  9. Critical IllnessHelps to pay the direct and indirect costs associated with a specified critical illness. Key Features: Pays benefits for critical illnesses such as heart attack, stroke, major organ failure, end state renal failure, permanent paralysis, coma, blindness, occupational HIV or occupational hepatitis B, C, or D, and coronary bypass surgery. Plan Design: Subsequent Diagnosis with or without Wellness Screening Benefit Employee - $5,000 to $100,000 Spouse - $5,000 to $40,000 Child(ren) - $25% of EE amount Special Underwriting: Simplified Issue; Simplified Issue (level 1); PEGI Offered To: Employee, Spouse, Child(ren)

  10. Term LifeHelps to provide financial security to surviving family members. Key Features: Large amount of coverage with relatively low premium. Level Death Benefit and Guaranteed Premium. Convertible to cash value life. Includes Accelerated Death Benefit. Plan Design: 10-year; 20-year or 30-year level term Optional Riders: Spouse Term, Children’s Term; Waiver of Premium; Accidental Death Benefit Offered To: Employee, Spouse, Child(ren)

  11. Universal Life Helps to provide financial security to surviving family members. Key Features: Flexible premium, adjustable death benefit that accumulates cash value, based at a minimum guaranteed interest rate of 4%. Includes Accelerated Death Benefit. Optional Riders: Spouse Term, Children’s Term; Accidental Death Benefits; Additional Coverage Term; Guaranteed Purchase Option; Waiver of Premium Offered To: Employee, Spouse, Child(ren)

  12. Enhanced Benefits andTax Savings Savings Per Period $45.72 Total Annual Savings $1,097.28 *Based on 24 pay periods

  13. Flexible Benefits Administration offered through AmeriFlex Premium Only Plan – Free! Courtesy of Colonial Life Dependent Care FSA* Medical Care FSA* Health Savings Account* Health Reimbursement Account* COBRA *AmeriFlex Convenience Debit Card – Supports multiple accounts. Included at no cost!

  14. Medical Wages Communication + Good Benefits = Lower Turnover • A 1-to-1 meeting with a Colonial Life benefits • counselor enables each employee to: • Personally review their current benefits. • Meet individual needs. • Consider new options. • Understand how those options affect their paycheck. • Understand and appreciate what you – the employer – contribute. Income Protection Retirement Required Benefits Survivor Benefits Benefit Communications Catastrophic Illness

  15. Pre-Enrollment:Communications • Custom communications • Email campaigns • Flyers/Posters • Signs

  16. Medical Wages • Group Meetings – PPT, Employee Packets, Interest Survey • Individual Enrollment – Enrollment form, benefits statement, paycheck illustration Income Protection Retirement Required Benefits Survivor Benefits Enrollment:Group and Individual Benefits Counseling Catastrophic Illness

  17. Post Enrollment Surveys • Reporting Dashboard • Enrollment summary • Deduction report • Carrier data Post Enrollment:Reporting

  18. Medical Wages • Ez-Billing – upload deduction file for bill reconciliation • E-Pay • E-Bill e-mail notification • Ez-Administration – routine changes • Dedicated billing specialist & call center Easy, Time-Saving Administrative Services • Free direct link to valuable human resources policies and guidelines. • State and federal laws and regulations. • Everyday language explanations.

  19. Medical Wages You can count on Colonial Life as a long-term partner to help you: • Keep your costs down. • Fill gaps in your benefit programs. • Enhance employee appreciation of what you do for them. • Realize tax savings. • Consider new options. Personal Insurance Products and Superior Services

  20. Personal Insurance Products and Superior Services Schedule group and 1-to-1 meetings Count on Colonial Life to handle the rest Gather your information Medical Wages Help protect your employees in 3 easy steps

  21. Thank you! Colonial Life products are underwritten by Colonial Life & Accident Insurance Company, for which Colonial Life is the marketing brand. Colonial Life 1200 Colonial Life Boulevard Columbia, South Carolina 29210 7/10 NS-11222 (Agent Name) Account Executive (phone #)(email) www.colonial-benefits.com

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