Voluntary benefits provide an additional layer of financial protection for you and your family. These benefits will help cover any extra out-of-pocket expenses if you suffer an unexpected, serious illness or qualifying accident.
Accident Insurance
Injuries occurring off the job can be protected with Lincoln Financial Group. This plan is designed to pay cash directly to you. This additional cash support can be used to help pay any out-of-pocket expenses related to the injury. Payments are made tax free, to be used at your discretion.
| Some Covered Benefits | Benefit Amount |
|---|---|
| Hospital Admission | $1,000 |
| Daily Hospital Confinement (up to 365 days) | $200 |
| Daily ICU Confinement (up to 15 days) | $400 |
| Burns | Up to $10,000 |
| Coma | $5,000 |
| Accident Insurance Plan | |
|---|---|
| Team Member | $8.38 |
| Team Member + Spouse | $14.13 |
| Team Member + Child(ren) | $15.82 |
| Team Member Family | $21.40 |
Critical Illness Insurance
Upon diagnosis of a critical illness or event, expenses can add up quickly, and a major medical plan may not cover them all. Critical Illness coverage with Lincoln Financial Group pays cash directly to you upon a diagnosis. Spouse and child coverage is available up to 50% of Team Member’s elected amount. Here’s an example of how the Critical Illness plan works:
Below is an example of how the Critical Illness plan works:
Donna suffered a heart attack followed by a stroke only a month later. Not only did she miss work, but so did her husband to help her during her recovery. Their income took a hit and bills piled up. Donna had enrolled in Lincoln Financial Group’s Critical Illness plan with a $20,000 benefit amount per diagnosis. She received a total benefit payment of $40,000 in her family’s greatest time of
need
| Example Amount Paid to Donna | |
|---|---|
| Heart Attack | $20,000.00 |
| Stroke | $20,000.00 |
| Total Direct Benefit Paid to Donna | $40,000.00 |
*This is an example only
| Employee Age | Team Member or Spouse Coverage - Monthly Premium for: |
||
|---|---|---|---|
| $10,000.00 | $15,000.00 | $20,000.00 | |
| Under 24 | $2.53 | $3.80 | $5.06 |
| 25-29 | $3.52 | $5.28 | $7.04 |
| 30-34 | $4.51 | $6.77 | $9.02 |
| 35-39 | $5.78 | $8.67 | $11.56 |
| 40-44 | $8.27 | $12.41 | $16.54 |
| 45-49 | $11.08 | $16.62 | $22.16 |
| 50-54 | $15.72 | $23.58 | $31.44 |
| 55-59 | $21.59 | $32.39 | $43.18 |
| 60-64 | $30.64 | $45.96 | $61.28 |
| 65-69 | $42.43 | $63.65 | $84.86 |
| 70+ | $79.69 | $119.54 | $159.38 |
| Child | $4.31 | ||
Hospital Indemnity Insurance
Hospital Indemnity Insurance with Lincoln Financial Group is designed to provide financial assistance for an event that results in a hospital confinement, to supplement your current coverage. Associates can use the benefit shown below, to meet any out-of-pocket expenses and extra bills that can occur. Benefits are paid directly to you, regardless of the actual cost of treatment.
| Covered Benefit | Benefit Amount |
|---|---|
| Hospital Admission Benefit | $1,000 |
| ICU Admission Benefit (pays in addition to Hospital Admission) | $2,000 |
| Daily Hospital Confinement (up to 30 days per confinement) | $200 |
| Daily ICU Confinement (up to 15 days per confinement) | $400 |
| Hospital Indemnity Plan | Monthly Deduction |
|---|---|
| Employee Online | $24.29 |
| + Spouse | $52.25 |
| + Child(ren) | $37.95 |
| Family | $68.82 |