Unum Life Insurance: What You Need To Know

Unum is a life insurance company that offers a range of policies to protect what's important to employees and their families. With a commitment to helping the working world thrive through life's moments, Unum provides modern financial protection solutions, including life insurance plans that supplement current coverage and offer more options. Their life insurance benefits allow employers to offer needed protection while also meeting company goals, and employees to enhance their coverage. Unum offers two main types of life insurance plans: Term Life Insurance, which provides flexible coverage during an employee's working years, and Whole Life Insurance, which offers longer-term coverage with the ability to build cash value.

Unum's life insurance offers financial protection for employees and their families

Unum offers life insurance coverage to employees and their families, providing financial protection and peace of mind during life's most challenging moments. With a range of modern and innovative benefits, Unum helps workers safeguard their finances, loved ones, and livelihoods.

Unum's life insurance plans serve as a safety net for employees and their families, ensuring financial stability during times of grief and uncertainty. The loss of a primary wage earner can be devastating for a family's financial stability, often forcing them to dip into savings or rely on assistance from others. Unum's life insurance provides a much-needed financial buffer, allowing employees to secure their families' financial future.

The company offers two main types of life insurance plans: Term Life Insurance and Whole Life Insurance. Term Life Insurance provides flexible coverage during an employee's working years, ensuring financial protection for their dependents. It is designed to meet the needs of employees with dependants and can be increased at enrollment events. This type of coverage is ideal for high-demand working years, providing peace of mind and security. Whole Life Insurance, on the other hand, offers longer-term coverage that extends beyond an employee's working life and into retirement. It maintains constant premiums and benefits, building cash value over time, which can be borrowed against or used towards a paid-up policy. Whole Life Insurance provides a sense of security and helps employees plan for their spouse's retirement and their children's future.

Unum's life insurance benefits are designed to meet the diverse needs of employees at different life stages. Whether employees are starting a family, changing careers, or transitioning into retirement, Unum offers customizable coverage options. Additionally, Unum simplifies the claims process with knowledgeable professionals who handle claims with care and efficiency. The company is committed to making a life-claim determination within five business days of receiving complete information, ensuring that employees and their families receive the support they need in a timely manner.

Unum's life insurance offerings go beyond basic coverage, providing valuable financial protection for employees and their loved ones. By choosing Unum, employers can strengthen their benefits package, giving their workforce the peace of mind they deserve. With Unum's support, employees can focus on their present and future, knowing that their finances and families are protected.

The insurance covers funeral costs, day-to-day expenses, bills, and other expenditures

Unum Life Insurance provides financial protection for families when they need it the most. The insurance covers funeral costs, day-to-day expenses, bills, and other expenditures, helping to ease the financial burden on families during a difficult time.

The loss of a primary wage earner can be devastating for a family's finances. Grief-stricken families often have to resort to dipping into their savings or investments or relying on financial support from friends and family. Unum Life Insurance offers a safety net during such challenging times, ensuring that families can remain financially stable and secure.

The insurance coverage extends beyond funeral costs. It provides a comprehensive safety net for families, covering daily expenses and bills, ensuring that the loss of a loved one does not result in a financial crisis. This support allows families to focus on their well-being and recovery during their time of grief, without the added stress of financial worries.

Unum offers both Term Life Insurance and Whole Life Insurance plans. Term Life Insurance provides flexible coverage during an individual's working years, protecting their loved ones who are financially dependent on them. Whole Life Insurance, on the other hand, offers longer-term coverage that can extend into retirement. It maintains constant premiums and benefits and can build cash value over time, which can be borrowed against or used towards a paid-up policy.

The amount of coverage provided by Unum Life Insurance depends on various factors, including annual income, existing debt, and future financial goals, such as saving for a wedding or college education. By tailoring the coverage to an individual's unique circumstances, Unum ensures that families have the financial resources they need to navigate life's challenges and milestones.

Unum offers group and individual life insurance coverage

Unum offers two main types of life insurance plans: Term Life Insurance and Whole Life Insurance. Term Life Insurance provides flexible coverage during an employee's working years, protecting their loved ones who depend on them financially. Employees can increase coverage at enrollment events and may be able to maintain their protection if they change jobs. Whole Life Insurance, on the other hand, offers longer-term coverage that can be maintained into retirement. It builds cash value over time, which employees can borrow from or use towards a paid-up policy. The premiums and benefits remain constant, providing stability as the policyholder ages.

The choice between Term Life and Whole Life Insurance depends on the individual's needs and life stage. Term Life Insurance is ideal for high-demand working years when financial protection is crucial. In contrast, Whole Life Insurance offers fixed coverage for the life of the policy, extending beyond an individual's working years into retirement. This type of policy provides peace of mind and helps ensure that retirement savings remain untouched.

Unum's life insurance plans are designed to support employees and their families through different life stages and events, such as getting married, planning for a baby, switching careers, or preparing for retirement. The company streamlines the benefits delivery process through its MyUnum portal, making it easy for employees to access and manage their benefits. Unum's experienced service teams provide empathy and expertise, supporting employees and helping them navigate challenges.

Unum's life insurance plans include Term Life and Whole Life Insurance

Unum offers two main types of life insurance plans: Term Life Insurance and Whole Life Insurance. These plans can supplement your current coverage and offer more options to employees.

Term Life Insurance provides financial protection for employees and their families during their working years. It is ideal for high-demand working years when you need it most. Employees can increase coverage at enrollment events and may be able to take the protection with them if they change jobs.

Whole Life Insurance offers longer-term coverage with the ability to build cash value at a guaranteed rate. It is tax-deferred and accessible during your lifetime. Whole Life Insurance maintains constant premiums and benefits. These policies can last through retirement and build cash value over time, which employees can borrow from or use toward a paid-up policy. Whole Life Insurance is ideal for coverage that lasts into retirement and includes living benefits that can be used during the insured's lifetime.

When employees purchase both types of life insurance, they have valuable financial protection that can last a lifetime.

Employees can access their benefits through the MyUnum mobile app

Unum offers a range of employee benefits, including life insurance, disability insurance, and financial protection. Their services are designed to be easily accessible and provide support to employees and their families when they need it the most.

The MyUnum for Members mobile app is a key part of their offering, providing 24/7 access to a range of features and benefits. Through the app, employees can access their personalized benefits dashboard, which offers real-time status updates and notifications. The app also provides a guided process for submitting claims or leave requests, allowing users to see their leave balances, history, and available options.

One of the key advantages of the app is the direct deposit option, which delivers approved payments faster than a paper check. Users can also view all their payments online as soon as they are deposited. The app simplifies the process of submitting claims by allowing users to photograph documents and attach them to their submission.

Additionally, the MyUnum app offers flexibility by providing a "save-for-later" option, which allows users to finish filing their claims or requests at their convenience. Users can also choose to receive email or text alerts to stay informed about the processing status of their submissions.

Overall, the MyUnum mobile app provides employees with a convenient and efficient way to access and manage their benefits, claims, and leave requests, ensuring they receive the support they need whenever they need it.

Frequently asked questions