What are employee benefits?
Employee Benefits are insurance policies that are offered through your employer’s benefit program. Sometimes they are automatically included in your employer’s benefits package, and other times you are given the option to purchase the type of coverage that works best for you and your family. These policies can provide benefits and support when unexpected events threaten your livelihood and savings.
How to choose the right employee benefits.
Choosing the right benefits is truly a personal decision. You’ll want to learn about the insurance products and consider your current lifestyle, income, family health history and future goals before purchasing employee benefits. Ultimately, you’ll need to weigh the costs of the policies against whether or not you may need them in the future.
Don’t let an unexpected event derail your retirement. As America’s Retirement CompanyTM, we want to ensure you are protecting your livelihood and retirement savings – throughout your working life and beyond. Our employee benefits insurance products can help provide a financial cushion but, more than that, they allow you to keep your financial goals on track as you navigate life’s unpredictable journey.
Types of Employee Benefits Here are the types of Voya Employee Benefits insurance policies available through an employer’s benefits program.
Critical illness insurance can help you deal with the financial stress associated with an illness by providing a lump-sum benefit that can help you cover your out-of-pocket costs.
Accident insurance provides benefits that can help you cover out-of-pocket costs that arise following an accident. Benefits are paid for common injuries such as fractures, dislocations, burns and lacerations as well as covered treatments such as emergency room care, surgery or physical therapy.
Hospital confinement indemnity insurance pays benefits that can help you cover out-of-pocket costs that arise following a hospital stay.
Disability income insurance provides benefits that replace a portion of your salary if you have an illness or injury and are unable to work for a period of time.
Universal life insurance can meet life’s changing needs – now and later. Let your policy grow tax-free and allow your family to use it to cover expenses after you’re gone, or take a loan against the policy if you need it.
Whole life insurance offers you consistent premium payments, a tax-free life insurance benefit for your family and the option for you to take a loan on your policy – all in one package.
Term life insurance often tends to be the least expensive insurance option and is preferred by people who want life insurance for a set period of time.