Custom Tailored Solutions

McDermott Consulting believes employers offering voluntary benefits cover gaps in group health insurance, which in turn, helps workers stay healthy and on the job. Special perks also may attract new talent and keep existing employees engaged and productive.

 

Here are just a few of the custom-tailored voluntary solutions that gives you the ability to customize your benefits plan:

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Cancer Assistance Insurance
This insurance covers a wide range of costs for care, treatments and other cancer related expenses. Because it pays benefits independent of any other medical insurance you may have, this insurance can help you take care of the extra expenses you may incur.

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Voluntary Individual Whole Life Insurance
This insurance is designed to help meet an individual’s long-term financial goals. In addition to providing a death benefit, the policy automatically includes a living benefit option. This option allows the policy owner to request up to 50% of the death benefit to a maximum of $150,000 if the insured is diagnosed with a medical condition limiting life expectancy to 12 months or less. Premiums remain the same for the duration of the policy.

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Short-Term Disability Income Protection Insurance
This insurance can provide benefits if you become disabled and cannot work due to a covered illness or accident.  Coverage of up to 60 percent of salary may be offered, subject to salary requirements, and the policy is guaranteed renewable to age 72 as long as premiums are paid when due.

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Specified Critical Illness Insurance
This insurance pays a lump sum benefit up to 100 percent of the face amount if you or a covered family member is diagnosed with a covered critical illness including heart attack, stroke, major organ transplant, permanent paralysis, end-stage renal failure and coronary bypass surgery. The benefit can be used any way you choose, and you don’t have to be disabled or terminally ill to receive benefits.

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Accident Insurance
This insurance is designed to help you meet those out-of-pocket expenses and extra bills that can follow even ordinary accidents. And, it provides coverage for more than 20 types of injuries.