LIFE INSURANCE
VOLUNTARY BENEFITS
Averitt provides company-paid basic life Insurance for part-time Flex Force associates. This means that you are covered by a $10,000 policy at absolutely no cost to you! Make sure you keep the beneficiary designation for your life insurance up to date. If you need help or have questions about doing that, contact our Benefits Team at 800-233-9944 , option 3.
In addition to medical, dental and vision coverage, you also have the option to select various voluntary benefits, including whole life, accident, hospital confinement, cancer and critical illness insurance. These options are available through both the online and telephonic enrollment process.
Voluntary benefits offered by
TYPE OF INSURANCE
AVAILABLE TO
AVERITT-PROVIDED LIFE INSURANCE
Provides benefits for injuries resulting from covered accidents, such as fractures, burns and lacerations, as well as for doctor’s office or emergency room visits, ambulance charges, X-rays, and physical therapy. Helps offset the covered out-of-pocket medical and indirect, nonmedical expenses related to cancer, including benefits for diagnosis and treatment. This coverage also provides a benefit for specified cancer- screening tests. Supplements your major medical coverage by providing a lump-sum benefit that you can use to pay the direct and indirect costs related to a covered critical illness, such as heart attack (myocardial infarction), end-stage renal failure, coronary artery bypass surgery, stroke or major organ transplant. Provides an annual health screening benefit for covered tests. Cancer benefit is optional at an additional cost. Provides a lump-sum benefit for a covered hospital confinement or a covered outpatient surgery to help cover copayments and deductibles that are not covered by most major medical plans. Provides death benefit coverage that you can increase or decrease as your needs change. The policy builds cash value on a tax-deferred basis at current interest rates, and premium payments are flexible.
Associate, spouse and children
$10,000
Associate Basic Life Insurance
ACCIDENT INSURANCE
Associate, spouse and children
CANCER INSURANCE
Associate, spouse and children
CRITICAL ILLNESS INSURANCE
Associate, spouse and children Associate, spouse and children
HOSPITAL CONFINEMENT INDEMNITY INSURANCE
WHOLE LIFE INSURANCE
NOTE: Policies have limitations and exclusions that may affect benefits payable. Ask your Colonial Life Benefits Counselor for complete details. In New York, Colonial Voluntary Benefits are underwritten by the Paul Revere Life Insurance Company.
18
19
Made with FlippingBook Online newsletter