HERMANN TDS

Unum Benefits - Open Enrollment July 11th - July 22nd

As an employee of HERMANN TDS you are eligible to participate in our Voluntary Benefits Program. Voluntary Benefits are offered to help address the individual needs of you and your family with advantages that otherwise might not be available to you on your own. Your voluntary benefit offerings are designed to complement your benefits package and provide additional security for you and your family.

All Employees: Unum Benefits are online! This is your opportunity to enroll in the voluntary Life, Disability, Accident & Critical Illness programs. To learn more about these valuable benefits you may join the Zoom meeting on Monday, 7/11 @ 7pm.

To obtain rates and to Accept or Waive the benefits, you may visit the Unum benefit enrollment portal (Login and register as a New user).

What do you get?

Options: You may choose your level of coverage; one that both fits your needs and is easy on your paycheck. Your decision will not change the benefits being provided under any employer-sponsored benefit program.
Convenience: Voluntary benefits are paid through the convenience of payroll deduction
Acceptance: In many cases, you and immediate family members will have a better opportunity to obtain coverage through this offering than you would on your own, especially if any medical conditions or concerns are present.
Portability: Many of these programs may be taken with you with no change in premium or benefit if you leave employment or retire.

Life Insurance

Life Insurance helps take care of your loved one’s immediate and future financial needs following your death. Immediate needs can include burial/funeral expenses, uninsured medical costs and current bills and debts. Future needs could include income replacement, education plans, ongoing family obligations, emergency funds, and retirement expenses.

As people move through the stages of life, certain factors dictate the type of life insurance they need. During working years, an employer may provide Term Life insurance, but the Unum Whole Life product is designed to last for the remainder of your life and can help give peace of mind because the money you spend builds cash value that you can use later in life or add to the term benefit payout. The graph below illustrates the need for term and permanent whole life insurance throughout the various stages of life.

Disability Insurance

Could you survive if you were suddenly left without a paycheck? How would you pay your mortgage/rent, utilities, car insurance, car payments, food and other living expenses? Disability Insurance provides you with cash to protect your lifestyle when out of work due to an accident or illness.

Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire*
Offers income protection to help cover monthly expenses (i.e. mortgage or rent, utilities, car payments, etc…)
if you’re unable to work because of a total disability due to illness or injury

Accident Insurance

Unexpected accidents can also mean unexpected out-of-pocket expenses. Hospital stays, medical or surgical treatments, dislocations or fractures, and transportation by ambulance can add up quickly and be very costly. Accident Insurance can help with some of these expenses so your finances can remain healthy.

Coverage is guaranteed issue – you may qualify for coverage regardless of health
Benefits are paid directly to you – use the money however you see fit
Coverage is available to you, your spouse and dependent children
On and off the job coverage

Critical Illness

No one knows what lies ahead on the road of life. Will you suffer a stroke, a heart attack or be diagnosed with cancer? The signs pointing to a critical illness are not always clear and may not be preventable, but Critical Illness Insurance can help offer financial protection in the event you are diagnosed.

Covers major illnesses – Policies generally cover illnesses such as cancer, heart attack, coronary artery disease,
paralysis, kidney failure, and many more
Paid regardless of ability to work – The payment is made in a tax-free lump sum and is not linked to your ability/
inability to work
Use the money for any purpose – You choose what you want to do with the money