Offering life and disability insurance as part of your benefits package can help you attract and retain talented employees. These plans give your employees the financial protection and security to prepare for the unexpected —at an affordable cost for you and them. Medical Mutual offers a selection of high-quality plans with flexible cost-sharing options through our subsidiary MedMutual Life.
The financial impact of an employee passing away can be devastating for their family. Life insurance can help ensure their families receive a level of financial support while coping with their loss.
When an employee is injured or too sick to work, they could lose their income while likely experiencing higher expenses. Disability insurance helps make up for these wages, providing relief for a certain period of time.
Options that Meet Your Needs
We offer a variety of life insurance and disability insurance options through MedMutual Life. Our most common coverage options include:
Basic Life and Accidental Death and Dismemberment Insurance (AD&D)
This affordable coverage is generally paid by the employer and easy to administer. Basic Life insurance pays a benefit to a designated beneficiary if the insured employee passes away. AD&D provides enhanced coverage for unexpected events and pays a benefit if the insured employee passes away or becomes injured from a covered accident.
Supplemental Life and AD&D Insurance (also referred to as Optional or Voluntary Life)
This coverage allows employees to increase their protection for their individual and family needs at no cost to the employer. The employee pays the affordable premium through payroll deduction for great benefits at a competitive group rate. This plan pays an enhanced benefit to the designated beneficiary if the insured employee passes away. AD&D coverage pays a benefit to the designated beneficiary if the insured employee passes away or becomes injured from a covered accident. This coverage is available for your employees’ spouse and/or child(ren).
Dependent Life Insurance
Give your employees added peace of mind with dependent life insurance. This option provides coverage for the death of an employee’s spouse and/or dependent children. Coverage is available only with MedMutual Life employee life and AD&D coverage.
Short-term Disability Insurance
MedMutual Life short-term disability insurance provides affordable coverage to help replace lost income in the event of a non-work-related accident or illness that prevents an employee from working. These plans serve as income replacement, helping your employees pay for expenses while they recover.
Long-term Disability Insurance
If an employee has an unexpected illness or injury that limits their ability to work for an extended time, long-term disability insurance can provide financial relief by replacing monthly income. Many people think savings or Social Security will be enough to help a disabled employee cover their expenses. Unfortunately, savings doesn’t always last, and many Social Security disability claims are initially denied. This coverage relieves some of the financial stress so your employees can focus on their well-being.
Family Medical Leave Act (FML or FMLA Administration)
Pair short- or long-term disability insurance with FML Administration. The Family Medical Leave Act requires that employees receive up to 12 weeks of unpaid leave and continued benefits during a given 12-month period for their own or a family member’s serious health condition. FML Administration can be challenging and time consuming for most employers. That’s why our specialists handle the administration for you, and make sure each leave is processed in full compliance with federal and applicable state legislation.
Value-added Living Benefits
We offer value-added living benefits to help your employees plan for the future, tackle life changes or receive additional support during difficult times. These benefits, administered by our trusted partners, complement your Basic Life coverage and can be valuable resources in times of need. These services may be included at no additional cost with your policy, depending on the product you enroll in and your group size.
- Online Will Preparation
- Identity Theft Protection
- Travel Assistance
- Grief Counseling Services
- Employee Assistance Program (EAP)
Have Questions or Ready to Enroll?
Call us at 1-866-925-2542 or contact your Medical Mutual representative. You can also request a quote online.
The life and disability insurance policies listed above are offered and underwritten by MedMutual Life Insurance Company. Life and disability insurance policies contain exclusions and limitations. MedMutual Life is a subsidiary of Medical Mutual of Ohio.