Voya Financial Launches Next Generation Critical Illness Insurance
“We’ve learned a lot from both our employer and employee customers over the years and based on their feedback, we revamped this product to make it easier for our end consumer, the employee, to understand and included the features they value most,” said
To partner with companies’ efforts to improve the overall health and morale of its employees, employers that include wellness programs for their employees may select the new Health Reward Increase Benefit option. This option gives employees participating in their company-sponsored wellness program an opportunity to earn an annual increase to their
To help address both the physical and financial toll a critical illness can take, Voya Employee Benefits also now offers the Compass Care Package2 as an option the employer may choose with
“We all know someone who has dealt with a critical illness. Sometimes the complexity of diagnoses, billing and other paperwork can take a toll on the insured and their loved ones, when they should be focusing on their wellness,” said Grubka. “The Compass Care Package helps round out our insurance product by guiding people, as well as helping them find emotional and educational support.”
Voya Employee Benefits’ Compass insurance products offer “voluntary” or employee-selected coverage that is processed and administered similarly to traditional group insurance. With
Voya’s Employee Benefits business offers stop loss, group life, voluntary benefits and disability income insurance products to employers and their employees. The business has extensive experience in the design, implementation and administration of employee benefits plans, and it offers a full range of supplemental voluntary products that include critical illness, accident and hospital confinement indemnity insurance.
As an industry leader and advocate for helping Americans retire better,
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2 Compass Care Package services are provided by |
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KC Emery
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