CONFIDENT™ Core Buy-Up Plans
Here's how it works:- For an affordable cost per line of coverage, EMPLOYERS fund minimum levels of core benefits for their employees: Life, Short-Term Disability & Long-Term Disability.
- EMPLOYEES then voluntarily “buy-up” their benefit amounts* to the levels necessary to protect themselves and their families.
- For their minimal investment, employers increase employee participation, appreciation and retention and significantly reduce the cost of the plan.
Core/Buy-Up Life and Disability plans are available for groups of 5 or more eligible lives. When the employer pays for the core benefit, the employees are offered the buy-up options with no minimum buy-up requirement. All plans have a 2 year rate guarantee.
CONFIDENT™ Voluntary Plans
Voluntary Life and Disability plans are available as stand-alone benefits to groups with 10 or more eligible employees and a minimum of the greater of either 10% participation or 5 enrolled lives. All plans have a 2 year rate guarantee.
- Life - Select $20,000, $40,000, $60,000, $80,000, $100,000 and Guarantee Issue up to $100,000 for groups of 5-49. Select $20,000, $40,000, $60,000, $80,000, $100,000, $120,000, $140,000, $160,000 and Guarantee Issue up to $160,000 for groups of 50-100. Spousal and Child(ren) Coverage is also available.
- STD - Weekly benefits from $100 to $1,000. The weekly benefit may not exceed 60% of weekly pay and can be bought in $50 increments.
- LTD - Monthly benefits from $500 to $6,000. The monthly benefit may not exceed 60% of basic monthly pay and can be bought in $100 increments.
