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Voluntary Insurance Products
Workers Life Plus (ALGDTP-09)
Decreasing Term Insurance - Protection while employed. The premium remains the same for the life of the policy and the benefits reduce with age. Term life benefits are greatest when you are younger - and need the protection the most.
Options available
- Add coverage for spouse and/or child(ren)
- Add critical illness benefit
Options available
- Add coverage for spouse and/or child(ren)
- Add critical illness benefit
Critical Illness Protection (Rider ALTLLBRC-07)
This benefit gives you a lump sum payment upon diagnosis of cancer, heart attack, stroke, paralysis, coma, and renal (kidney) failure or organ transplant, or if confined 30 consecutive days in the hospital. The life benefit is restored two years after the member returns to full time employment. If the critical illness benefit is used, the death benefit is reduced by that amount. Because premiums are group rated, employees may be able to purchase coverage through this program at a lower cost compared to obtaining it on their own.
Disability
Short-Term Disability (ALSTDP-05) - Group members receive income protection for non-work events, such as an accident, illness or pregnancy. Benefits and duration can vary up to two years.
Long-Term Disability (ALLTDP-05) - When a group member has a non-work-related illness or injury, long-term disability benefits are important to member and for client protection. Benefits and duration can be tailored to client needs up to five years.
Employee Life Option (ELO) (Policy Series END-95 (ESO) (9/00))
Underwritten by Boston Mutual Life Ins. Co. in partnership with Amalgamated Life
Interest sensitive life insurance provides cash value accumulation based on a fixed low interest rate.
The ELO Basic Plan provides current interest rates on your policy's value. This means that along with guaranteed premiums and guaranteed coverage you may also benefit from competitive interest rates.
Options available
- Payor Waiver of Premium
- Accidental Death Benefit (ADB)
- Children's Term Benefit (CTB)
Look for Voluntary Vision, Dental and Accident Insurance in the near future.
All products may not be available in all states.
