• If you decline or fail to apply now, and later you decide you need Health or Dental Insurance, you likely must wait until our Annual Open Enrollment periods unless you have a Qualifying “Life Event” such as marriage, divorce, child birth, etc.
• If you don’t apply now and later decide you need other benefits, you will likely be required to prove your insurability and will have a waiting period before benefits may be paid. This is the only time that you can get the Voluntary Life and Short-Term Disability on a “Guaranteed Issue” basis.
• While the risk of medical problems increases with age, accidents happen at all ages. Consider how you would pay for your housing, car, food, utilities, etc. if you were injured in an accident and unable to return to work for more than a week and up to 3 months. Voluntary STD Insurance could save you from a financial disaster and it only costs about $2 or $3 per pay period for most employees.
• Nearly one in three women can expect to suffer a disability that keeps them out of work for at least 90 days at some point during their working years. For men, the odds are about one in four.
• Consider the very low cost of getting Life Insurance for your children. Just $0.92 per pay period will provide $10,000 of Life Insurance for each of your children, but you must also get at least $10,000 of Voluntary Life on yourself to get this protection, but for most employees, that costs less than $1 per pay period too.