Benefit Guide for franchise
owners of Great Clips
Great Clips has aligned with Digital Insurance!
An important element of building your franchise is
your employee benefit program. We have aligned
with Digital Insurance, to provide you access to the
employee benefits industry’s fastest growing, most
innovative and most comprehensive specialist.
Employee benefit programs are an important element of the
recruiting and retention of the employees that are a critical
part of developing your business. The nature of what you
offer and how you communicate with your employees and
at the same time ensure you meet your budget objectives is
rapidly evolving.
Digital offers you a comprehensive suite of benefit products
and services in an ale carte’ format. You choose the
products and services that best fit the needs and budget of
your business. Most products can be funded by any
combination of employer or employee funds. This program
offers you unique solutions only available through Digital
Insurance.
Your employee benefit solution options include:
Core coverages like medical, dental, and vision
Life and disability insurance
Integrated Benefits that help supplement your core
coverage options
Getting started is easy!
Complete the proposal request form
available at:
www.digitalinsurance.com/r/rjfgreatclips
Contact Digital’s Wayne Mertel at:
o
877-904-1713 ext. 2306, or
o
wmertel@digitalinsurance.com
Who is Digital Insurance?
Digital Insurance is one of the nation’s
largest, most technologically advanced
employee benefits-only specialist. The
company’s success was built on offering
small and midsize businesses a consulting
and administrative resource for
employee benefit and human resource
related issues.
What We Offer?
A comprehensive suite of employee
benefits products, from over 400
insurance carriers and administrative
service providers. We pair these
solutions with turnkey HR compliance,
plan analytics, employee communication
and enrollment services.
Digital Advantage Suite
The Digital Advantage suite is our “best
of breed” suite of employee benefits
offerings. These are proprietary
products and services available only
through Digital Insurance.
Digital Insurance is your
human resources and
employee benefits partner.
Need help with Healthcare Reform?
Digital has an award winning platform to
help employers understand the impact of
the new law on your business and on your
employees.
We will help you determine the right
strategy for your business and with
communicating with your employees.
BENEFITS RATES/PLANS UNDERWRITING PARTICIPATION REQUIREMENTS
HOW ARE BENEFITS FUNDED?
Medical Insurance Quoted specifically
to your group Guarantee Issue As required by carrier As required by carrier
Limited Benefit Plan As illustrated in this guide Guarantee Issue Must be 51 eligible and 5 enrolled employees
Employer and/or Employee Paid
Medical Expense Plan Quoted specifically
to your group Guarantee Issue
50% of those enrolled in
coordinating medical plan As required by carrier
Critical Illness As illustrated in
this guide
Guarantee Issue up to $20,000
2 enrolled lives (target is 20%)
Employer and/or Employee Paid
Off-The-Job Accident As illustrated in
this guide Guarantee Issue
2 enrolled lives (target is 20%)
Employer and/or Employee Paid
Dental Quoted specifically to your group Guarantee Issue As required by carrier As required by carrier
Vision Quoted specifically
to your group Guarantee Issue As required by carrier As required by carrier
Permanent Life As illustrated in this guide
Guarantee Issue up to $75,000
2 enrolled lives (target is 20%)
Employer and/or Employee Paid
Fixed Term Life As illustrated in this guide
Guarantee Issue up to $75,000
2 enrolled lives (target is 20%)
Employer and/or Employee Paid
Disability Standard Guarantee Issue
up to $3,500 monthly 5 enrolled lives
Employer and/or Employee Paid
Details of your benefit options include:
You have complete flexibility to choose the plan(s)
that make the most sense for your group.
Why Consider Medical Insurance?
A health care solution that meets your needs.
When it comes to determining the right strategy for your group or individual health insurance plan, definitely one size doesn’t fit all. There are many considerations that factor into making the best choice for you.
There is much discussion these days about healthcare “exchanges.” In many ways, Digital Insurance is the nation’s original exchange. We have been helping employer groups and individuals understand their options for over 12 years. With the introduction of new public and private “exchange” options, we will help you decide if your best choice
includes the public or private insurance market, or if continuing with your existing plan is the better option.
Our Sales Center consultants are licensed in all 50 states and the District of Columbia and specialize in coverage for small and midsize businesses. They are prepared to help answer your questions, review the available options and guide you through the implementation process.
Key service components:
Consultative approach. Based upon your unique situation, our sales consultants help you evaluate your current insurance needs, and search for the types of coverage best suited to you and your family.
Cost-effective insurance solutions. Our combined expertise, knowledge of local markets and purchasing power give you greater choice, value and efficiency.
Dedicated consultants. A dedicated consultant will assist you throughout the entire process…from evaluating your insurance needs and marketing and presenting proposals to you, to implementing your policies
One-stop shopping simplifies the benefits selection.
Customer Advocate Center will also provide customer and claims assistance.
Wellness Management Center with a comprehensive health risk assessment and interactive health education lessons.
We have a team of consultants that are specialist in each of their respective markets
nationwide. Contact us today and begin to gain from the Digital Advantage!
http://www.digitalinsurance.com/r/rjfgreatclips
There may be situations when individual insurance is not available, in which case your consultant will explain the alternatives and help you explore them.
Please note – Individual Health Insurance options not available in the following states: HI, MA, ME, NJ, NY, RI, VT.
Digital Insurance helps over 20,000
employers nationwide with their
employee benefit choices.
Why Consider Limited Benefit Medical Plan?
A solution from those employees not eligible for your
core employee benefits plan.
A Limited Benefit Medical plan is often the logical choice for employers looking to offer an affordable employee benefit option to employees that are not eligible for enrollment in traditional benefit programs.
The plans are designed to provide indemnity insurance benefits when other coverage is not available. The plans are easily attainable and affordable. Plans are designed to help with cost incurred when receiving many of the most common types of care, including: Physician Office Visits; Preventative care; Prescriptions; and Emergency Room visits.
Key Product Features for the Insured
Guarantee Issue – no medical questions asked
No pre-existing conditions limitations
First Dollar Coverage – No deductibles or copays an no waiting periods
No policy maximums
Nationwide PPO Network discounts when coverage is received from an in network provider
No penalty for using out-of-network providers
Benefit payments may be paid directly to the provider – not a reimbursement benefit
Key Product Features for the Employer
Custom plan designs provide the right benefits and the right price for your group
Simple billing and administrative processes (ask about payroll cycle administration)
No employer contribution is required and low participation requirements
Flexible and simple enrollment processes designed to achieve participation objectives
Premium is eligible for pre-tax payment
Using the plan is easy and network discounts can be substantial
EXAMPLE OF BENEFITS
Physician Office Visit Cost
Office Visit
$95
Lab Work
$60
Total Visit
$155
After Network Discount
$110
PLAN PAYS
Office Visit Benefit
$50
Lab Benefit
$75
Total Benefit Paid
$125
Insured Net Benefit $15 paid to the insured
61%
of employees live paycheck to
paycheck.
Plans include a nationwide network PPO that re-prices claim cost when using an in network provider. Discounts continue to apply to the insured’s medical bills even after benefits under the plan have been exhausted.
The network includes more than 550,000 physician locations, approximately 4,000 acute care facilities and nearly 100,000 ancillary care providers
Insured’s receive a card that is presented at the time of service to their medical provider and the provider will file the claim. Benefit payment can be assigned and paid directly to the provider.
Example Plan Designs – Other options are available
BASE PLAN BENEFITS DESCRIPTION VALUE ADVANTAGE PREFERRED
Daily In-Hospital Indemnity Benefit
Benefit per stay of more than 23 hours of hospital
confinement $150 $250 $350
Maximum days per confinement 30 days 30 days 30 days
Group Term Life Insurance Policy with Accidental Death & Dismemberment Rider
Employee $10,000 $10,000 $10,000
Spouse $5,000 $5,000 $5,000
Child (AD&D coverage is not available for dependent
children) $2,500 $2,500 $2,500
ADDITIONAL BENEFITS DESCRIPTION VALUE ADVANTAGE PREFERRED
Outpatient Physician Office Visit Indemnity Benefit
Benefit per visit per calendar year per insured $50 $70 $80
Maximum visits per calendar year per insured 6 visits 6 visits 6 visits
Outpatient Diagnostic X-Ray & Laboratory Indemnity Benefit
Per testing day for tests performed $75 $75 $125
Maximum test days per year per insured 2 test
days 3 test days 3 test days
Surgical & Anesthesia Indemnity Benefit
Pays the amount listed in the Surgical Schedule for a surgery
performed at the plan level selected Plan 500 Plan 1000 Plan 1500 Percentage of the surgery benefit for anesthesia
administration 20% 20% 20%
Off-the-Job Accidental Injury Benefit
Pays actual charges incurred per covered accident, up to the amount. Maximum 5 accidents per calendar year (off-the-job only)
$100 $100 $200
Prescription Drug Indemnity Benefit
Benefit per prescription $25 $35 $40
Maximum prescriptions per calendar year, per insured 6 6 12
Wellness Indemnity Benefit
Benefit per visit for physical exams or certain diagnostic
tests $ 75 $ 75 $100
Maximum visits per calendar year, per insured 1 Visit 1 Visit 1 Visit Well child visits per year ages 0-12 months - 4 visits, 12-24
months - 2 visits Included Included Included
Critical Illness Indemnity Benefit & Subsequent Critical Illness Indemnity Benefit
Benefit per initial positive diagnosis of a covered critical illness and an additional lump-sum benefit of the same amount for a subsequent and separate covered illness
N/A $2,500 $2,500
Intensive Care Indemnity Benefit Per day of confinement in an intensive care unit
$100 $100 $300
Maximum days per calendar year per insured 10 days 10 days 10 days
Daily Inpatient Drug & Alcohol Indemnity Benefit Per day of confinement in an intensive care unit $100 30 days
$100 30 days
$100 30 days
Daily Inpatient Mental & Nervous Indemnity
Benefit Per day of confinement in an intensive care unit
$100 30 days $100 30 days $100 30 days
Ambulance Indemnity Benefit
Benefit per trip in an ambulance, maximum of 3 trips per insured per year with lifetime maximum of 6 trips per insured.
N/A $150 $250
COSTS DESCRIPTION VALUE ADVANTAGE PREFERRED
Monthly Premium
Employee $60.14 $81.17 $110.82 Employee + Spouse $100.66 $138.95 $194.72 Employee + Child(ren) $101.48 $137.44 $197.04 Family $142.31 $195.68 $281.60
Insured’s receive a card that is presented at the time of service to their medical provider and the provider will file the claim. Benefit payment can be assigned and paid directly to the provider. The network includes more than 550,000 physician locations, approximately 4,000 acute care facilities and nearly 100,000 ancillary care providers. Insured’s receive a card that is presented at the time of service to their medical provider and the provider will file the claim. Benefit payment can be assigned and paid directly to the provider
NON-INSURANCE DISCOUNT
PROGRAMS DESCRIPTION VALUE ADVANTAGE PREFERRED
Employee Discount Card
This card will provide access to discount vision plan, nurses hotline, TelDocTM, counseling services and discounts for hearing aids
Included Included Included
PPO Network
Employee and covered dependents will receive contracted savings from the normal fees charge charged by network physicians, hospitals and outpatient X-ray and laboratory providers
Included Included Included
Non-Insurance Benefits Included in all Plans
The following non-insurance benefits are included in all medical plans. Information on how to access these benefits will be included in the fulfillment package that each insured employee receives.
Employee Discount Card
This discount card is provided by New Benefits, Ltd. It offers employees access to a discount Vision Plan, a Nurses Hotline, Counseling Services and benefits for Hearing Aids. This is not an insurance plan.
The Discount Vision Planthrough Coast to Coast network allows the employee to receive discounts of 20% to 60% on eyeglasses, non-prescription sunglasses, contact lenses (including disposables), and frames from over 10,000 independent retail optical locations nationwide. Providers include independent practitioners, regional chains, department store optical, and the largest chains in the U.S. Some of these providers are Lens Crafters, Pearle Vision, Sears Optical, and JC Penney Optical (among others).*
The Nurses Hotlineallows access to experienced registered nurses 24 hours a day, 7 days a week, 365 days a year. These hotline nurses are an immediate, reliable and caring source of health information, education and support. Services provided by this plan include:
General information on all types of health concerns
Information based on physician-approved guidelines
Answers about medication usage and interaction
Information on non-medical support groups
Translation services for non-English speaking callers
Full-time medical director on staff
The TeledocTM provides telephone access to a board-certified physician from any phone, 24 hours a day, 7 days a week. Physician can diagnose routine medical problems and prescribe short-term medication when appropriate and will contact the member within three hours.
Prescriptions phoned into the member’s local pharmacy
Patient Access to medical records with HIPAA compliant secure servers
Free Portable Electronic Health Record (EHR)
The Counseling Servicebenefit allows the employee to speak with a counselor 24 hours a day, 7 days a week, regarding any personal problems they may be facing.
The Hearing Aidbenefit provides savings of up to 15% off the retail cost on over 70 models of hearing Aids and a free hearing test when utilizing one of the 1,200 participating Beltone locations nationwide. Or, The employees can realize savings of up to 50% off suggested retail price on over 90 models of hearing aids in over 1,000 locations nationwide.*
Why Consider TransConnect Insurance?
You have insurance so you think you are covered. Then you get hit with a deductible. Protect
your pocket with out-of-pocket insurance.
TransConnect is a group supplemental hospital and medical expense indemnity insurance. It pays an indemnity benefit for out of pocket expenses of deductibles, co-insurance and co-payments for charges from your employer’s comprehensive medical plan.
In-Hospital Benefit
This benefit helps pay the out-of-pocket expense for inpatient hospital stays, inpatient surgeries, physician’s in-hospital charges and routine nursery care for dependent children.
Outpatient Hospital Benefit
This benefit helps pay the out-of-pocket expense for surgery in a hospital outpatient facility or a free-standing outpatient surgery center, up to $100 for surgical procedures performed in a doctor’s office; radiological diagnostic testing in a hospital outpatient facility or MRI facility (does not cover lab fees); or treatment in a hospital emergency room or urgent care center for injury due to an accident (emergency room charges for sickness are not covered). The outpatient hospital benefit is 50% of the selected In-Hospital Benefit amount.
Accident Only Ambulance Benefit
This benefit helps pay for the out-of-pocket expenses incurred for ambulance transportation (ground or air) to a hospital or
emergency center for injuries sustained in an accident.
Here’s How Your Plan Works:
You present a card to your provider at the time of service. The provider files a claim with the insurance company. A benefit is paid based upon covered out-of-pocket expenses from the underlying medical plan. The benefit offsets expenses created by the medical plan’s deductible, co-pays and/or coinsurance share.
Underwritten by Transamerica Life Insurance Company, Cedar Rapids, IA. Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier, including proposals and brochures, for a complete description
including plan limits and exclusions
Are you prepared today for
Why Consider Critical Illness Insurance?
The number one cause of personal bankruptcy in the United States is expenses and loss of
income due to health care-related treatments.
With advances in medicine, many people are now surviving treatment of a critical illness. Unfortunately, surviving the financial impact of treatment and loss of income is another story. Critical Illness insurance coverage is designed to help insured’s with addressing cost not covered by medical insurance.
The plan pays a lump sum benefit directly to the insured upon the diagnosis of a covered illness. Benefits are also
available for subsequent illnesses, second diagnosis of same illness and for wellness screenings.
This lump-sum payment provides employees the flexibility to spend the money on whatever makes
sense for them and their family, which might include basic monthly expenses like mortgage payments, car insurance, groceries and childcare.
Critical Illness Advance underwritten by Transamerica Life Insurance Company, Cedar Rapids, IA. Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier, including proposals and brochures, for a complete description
including plan limits and exclusions.
Sample Monthly Rates for $10,000 (Non-Tobacco User)
(Spouse and Children receive 50% of the Employee's elected benefits amount)
Age Employee Only
Single-Parent
Family Two-Parent Family
25 $13.50 $15.95 $23.15 35 $14.70 $17.15 $25.65 45 $21.30 $23.75 $35.65 55 $33.20 $35.65 $51.95 65 $72.40 $74.85 $104.35
Plan Benefit
Covered Illness
% of Benefit
Category 1
Heart Attack 100%
Stroke 100%
Heart Transplant Surgery 100%
Coronary Bypass Surgery 25%
Angioplasty/Stent 5%
Category 2
Major Organ Transplant Surgery (excluding heart) 100% End-Stage Renal Failure 100% Paralysis not due to Stroke (all 4 limbs) 100% Burns (3rd degree of 50% coverage) 100%
Category 3
Invasive Cancer 100%
Carcinoma in situ 25%
Prostate Cancer with TNM Classification T1 25%
Skin Cancer 5%
Cancer Screening Benefit $50
Annual Wellness Benefit Per Covered Person $150 Up to $20,000 of coverage
is available on a Guarantee Issue basis. Applicants will
receive coverage regardless of personal or
family medical history.
75%
of healthy individuals over
the age of 40 will become
Why Consider Accident Insurance?
Accidents and injuries can happen at any place or at any time and the results can be costly.
This policy also pays benefits even if you don’t have an accident.
As one of your most important assets, it is
important to protect your employees and ensure they bounce back from whatever life throws at them. Our Digital Advantage Accident Advance policy offers off-the-job coverage for accidents. The annual wellness benefit cover an annual health screening test such as mammography, colonoscopy and cholesterol test – and pays in addition to any other coverage. Coverage cannot be denied due to past medical history, and there are no medical questions to answer.
Two affordable plans to choose from …
DESCRIPTION OF BENEFITS
PLAN 1
PLAN 2
Initial Hospitalization Benefits $1,500 $1,500
Accident Emergency Treatment $50 $50
Major Diagnostic Examination Benefits $80 $80
Accident Follow-up Treatment Benefits $40 $40
Physical Therapy Benefits $40 $40
Dislocation Benefits $60 - $1,600 $60 - $1,600
Fracture Benefits $140 -$2,000 $140 -$2,000
Ambulance Benefits $300 -$1,500 $300 -$1,500
Accidental Death and Dismemberment $0 Up to $45,000
Accident Hospital Income Benefits (up to 365 days per accident) $0 $200/day
Accident Hospital ICU (up to 15 days per accident) $0 $600/day
Burns $0 Up to $14,400
Coma $0 $18,000
Paralysis $0 Up to $18,000
Annual Wellness Benefits (for employee & covered spouse) $150 $150
SAMPLE MONTHLY PREMIUM
PLAN 1
PLAN 2
Employee Only $12.50 $18.75
Employee & Child(ren) $14.52 $23.73
Employee & Spouse $19.32 $29.04
Employee & Family (including spouse and children) $21.36 $34.28
This Digital Advantage Accident Advance policy is designed to provide benefit payments to help protect against the high cost of accidents. Why do your employees need it? Because it pays benefits regardless of any other insurance they might have. Plus, you’ll have the comfort of knowing that your employees will still be covered even if their medical insurance doesn’t pay. Payments are made through convenient payroll deductions.
Accident Advance, underwritten by Transamerica Life Insurance Company, Cedar Rapids, IA. Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier, including proposals and brochures, for a complete description
including plan limits and exclusions.
Hearing the word “ouch” is
never a good thing
Underwritten by The Guardian Life Insurance Company of America
Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier including proposals and brochures for a complete description including plan limits and exclusions.
Why Consider Dental Insurance?
One of the most requested and utilized
employee benefits, Dental Insurance is amongst
the most appreciated employee benefits
Dental Insurance is unique from many other types of
insurance in that it is purchased with the intent to use
it vs. as a financial protection vehicle. It is a valuable
supplement to any employee benefits program.
As employers and employees continue to place more
emphasis on wellness, dental care is also becoming
another means of early detection of other potentially
serious (and expensive) health concerns including:
heart disease, diabetes and cancer.
Our Digital Advantage Dental plan includes features that provide for traditional dental care as well as
overall wellness related exams. The unique plan designs and pricing is available expressly from Digital.
Rates and plan designs are quoted by location, industry and employer group.
Care
Category
Features
In-network
benefit
Preventive Care
Two annual checkups Two annual cleanings Prophylaxis
X-rays
VizLite cancer screenings Fluoride Treatments 100% covered by plan Basic Care Endodontics Denture repair Filings Perodontics Extractions
Root canal Treatment
80% covered by plan after deductible
Major Care
Crowns Bridgework Full and partial dentures
50% covered by plan after annual
deductible Orthodontia Optional child orthodontia is available
Annual Maximum
amount Choose between $750, $1,000 and $1,500
Annual Deductible $50 applies only to basic and major care Annual maximum
carryover
Insureds may carryover partial amounts of annual maximum not used in previous year
Wellness features Adult fluoride treatments and early disease detection screenings and VizLite Plus
Optional Preventive Advantage program
Does not reduce annual maximum amounts when preventive care is received.
Key Features of Digital Advantage
Dental policy:
› Can be funded by any combination of employer or employee funds › Access to over 79,000 network
dental care providers
› Average network discounts = 32% › Premium discounts through Digital
Insurance
› 2nd year rate increase limited to maximum of 4%
› Unique combination of dental care and disease detection benefits
After medical coverage, Dental
Insurance is the 2
ndmost
requested employee benefit
Your Digital Advantage agent will help you with selecting the plan design and
benefit features that best fit the needs and affordability objectives of your group.
Why Consider Vision Insurance?
Consumer interest in their eye health is strong. Consider that while only 6 out of 10 people
need vision correction, more than 8 out of 10 say a vision plan is important to them.
As our population continues to grow older, the needs for some form of vision correction increases. In
fact, 75% of adults in the United States use some form of correction.
The Digital Advantage Vision program
provides the ideal combination of private
practice and retail chain providers.
Underwritten by United Health Care, over
19 million members enjoy receiving care from a nationwide network of over 35,000 vision care providers
Sample plan design
(Other options available)
Network
Out-of-network
Eye Examination (One per 12 MThs) Covered 100% after Copay Up to $40 benefit
Eyeglass lenses Copay (12 mnths) $15 $30
Single Vision Covered 100% after Copay Up to $40 benefit Bifocal Covered 100% after Copay Up to $60 benefit Trifocal Covered 100% after Copay Up to $80 benefit Lenticular Covered 100% after Copay Up to $80 benefit Frames Retail Allowance (24 mnths) Up to $130 Up to $45 benefit
Elective contact lenses (12 mnths)
Covered-in full contacts Covered 100% after Copay Up to $105 benefit All other elective contacts Up to $105 Up to $105 benefit Necessary contact lenses Covered 100% after Copay Up to $210 benefit
Sample Monthly Premium
(varies by state)
Employer Paid
(V1026)
Employee Paid
(V1043)
Employee Only $ 7.67 $8.96
Employee & Child(ren) $ 13.04 $17.47
Employee & Spouse $ 13.43 $18.36
Family $19.18 $25.53
90%
Of those that use a
computer as little as three
hours a day suffer vision
problems associated with
computer eye strain.
Key features of the Digital
Advantage Vision policy:
›
Unique plan designs
›
Discounted rates
›
2 year rate guarantee
›
Packaged savings program
›
Eyeglass lenses include
standard scratch resistant
coating at no extra charge
›
Discounts on mail order
contacts
›
Access to discounted laser
vision correction
›
Reduced out-of-pocket
expenses for non-covered
options
Underwritten by United Health Care. Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier, including proposals and brochures, for a complete description
Why Consider Interest Sensitive Whole Life Insurance?
Interest sensitive whole life insurance can provide an additional source of financial protection
for employees and provide additional options for their retirement.
Without a medical exam, interest sensitive whole life insurance coverage with long-term care benefits can be purchased and will build cash value with a guaranteed 4 percent interest rate. Individuals can help protect themselves and eligible members of their family, all with the convenience of payroll deduction. Employees can also keep their coverage and take it with them if they ever leave the company.
Key Product Features
› Guaranteed Issue to $75,000 of employee coverage › Aggregate participation – minimum enrolled is 5
lives
› Terminal illness benefits
› Cash value accumulates with guaranteed interest rate of 4 percent
› Policy loan provision
› Coverage available for employee, spouse, children and grandchildren
› Rates never change
› Paid up insurance benefits at age 65 (if 15 years of premiums have been paid)
Coverage amounts available include $25,000, $50,000 or $75,000. If anyone is laid off from their full-time job, there’s also protection that pays for the policy for as long as six months. Here’s another plus: If an individual buys this policy and continues to pay the monthly cost, after 15 years or at age 65, whichever is later, they’ll have a paid-up life insurance policy for half of the benefits amount that’s theirs to keep.
In addition, employees can purchase whole life policies for their spouse and each eligible child and
grandchild. They can also choose to attach term life insurance protection to their policy or their spouse’s to add extra coverage for their children. With the convenience of payroll deductions and a range of policy choices, this is a great benefit.
TransSure Whole Life, underwritten by Transamerica Life Insurance Company, Cedar Rapids, IA. Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier, including proposals and brochures, for a complete
description including plan limits and exclusio
Sample Rates and Values - $50,000 coverage
Issue Age Monthly Premium
Cash Value at Age 65
Total Premium Paid to Age 65 25 $30.00 $19,414 $14,400 35 $48.08 $17,592 $17,309 45 $79.75 $14,319 $19,140 55 $151.79 $8,354 $18,215 65 $243.03 N/A
Nearly
70%
of American households
would be in jeopardy if the
primary wage-earner died.
Why Consider Interest Sensitive Whole Life Insurance With a Long-Term Care Rider?
80 million Americans will turn 50 over the next 18 years. 50% of couples would spend their entire savings within
one year of entering a nursing home.
Our whole life Insurance plan with a long-term care rider provides financial protection against two events that could be financially devastating to a family: death of a loved one and/or care for a chronic illness. Without a medical exam, interest sensitive whole life insurance coverage with long-term care benefits can be purchased and will build cash value with a guaranteed 4 percent interest rate and rates never change. Long-term care benefits are received as an advanced death benefit of 6 percent (monthly for up to 32 months) of the death benefit amount for care received in a licensed facility.
Guaranteed issued life insurance and long-term care coverage: applicants receive coverage
for both regardless of personal or family health history.
Key Product Features
› Guarantee Issue up to $75,000 death benefit for employees › Digital aggregate participation – minimum enrolled is 5 lives
› 6 percent monthly accelerated death benefit for care received in a licensed facility for up to 16 months › 4 percent monthly accelerated death benefit for
up to 25 months for home or adult day care › Where available, an extension of benefit rider
(EBR) will extend monthly benefits › Terminal illness benefits
› Paid up whole life policy of 25 percent of original death benefit when EBR is initiated
› Cash value accumulates with guaranteed interest rate of 4 percent
› Coverage available for employee, spouse, children and grandchildren
› Includes Waiver of Premium and Waiver of Premium for Layoff benefits
The ability to take an “advance” against a life insurance benefit upon diagnosis of being chronically ill and still know that there will be life insurance left for loved ones is a substantially unique and affordable solution. Chronically ill means a licensed physician determines the insured is unable to perform for 90 days or longer at least two activities of daily living – such as dressing, taking a shower, eating, toileting and being able to move from one activity to another – or that you suffer severe issues with memory or being able to think.
TransSure Whole Life, underwritten by Transamerica Life Insurance Company, Cedar Rapids, IA. Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier, including proposals and brochures, for a
complete description including plan limits and exclusions.
Sample Non-Tobacco Rates and Values - $50,000 coverage
Issue Age
Monthly Premium
Long-Term Care Monthly
Benefit
Long-Term Care Total Benefit Potential
Cash Value at Age 65
Est. Total Premium Paid
to Age 65 25 $32.67 $3,000 $100,000 $19,414 $15,682 35 $52.37 $3,000 $100,000 $17,592 $18,853 45 $88.08 $3,000 $100,000 $14,319 $21,139 55 $167.87 $3,000 $100,000 $8,354 $20,144 65 $269.49 $3,000 $100,000 N/A N/A
Why Consider Group Term Life Insurance?
Group Term Life insurance can offer your employees and their families the added security they need to remain financially
secure in the event of an unforeseen death.
The working years are some of the most crucial times for families to find security. Group Term Life Insurance is an ideal way
for employees to help protect and provide for their families during these important years. Employers can offer pure term life
insurance protection at cost-effective group rates.
There is no way to know what will happen tomorrow, but there is a way to help protect your family against the unexpected.
Trans Select
SM5 is Transamerica’s new term life insurance product to meet life’s changes — today and tomorrow.
Trans Select 5 Helps Provide Financial Support for Your Family in Times of Need
Recent studies show one in four U.S. households relies only on group life insurance to provide financial protection if a
wage-earner dies.*
Other findings from the study show:
Half of U.S. households (58 million) say they need more life insurance – the highest level ever.
Among households with children under 18, arguably having the greatest need for life insurance, 11 million have no life
insurance coverage.
With Trans Select 5, you can help to secure your family’s future if something happens to you or your loved ones. Buying life
insurance is a decision that should not be put off. Prudent financial planning with Transamerica term life can help protect your
family’s future and give you peace of mind.
40%
of American
workers across
every income
group have no
life insurance at
Underwritten by Transamerica Life Insurance Co., Cedar Rapids, IA.
Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier including proposals and brochures for a complete description including plan limits and exclusions.
Trans Select 5 Benefits are Easy to Understand
Trans Select 5 offers guaranteed level premiums for the term period of 5 years. ** You can choose to
pay these premiums through the convenience of payroll deduction.
Riders included with Base Coverage
1.
Accelerated Death Benefit for Terminal Illness
(Not Available in MA) — We will pay a portion of
the death benefit up to $100,000 maximum if the insured is diagnosed with a terminal illness,
and still provide a benefit to the designated beneficiary.
2.
Waiver of Premium Due to Layoff or Strike Rider
(Not Available in CT, MA, MD, NJ or TN) —
Premiums will be waived up to 6 months if the owner is on strike or is involuntarily laid off.
3.
Children’s Term Rider
(employee elected)
5 Year Term Period
At the end of each term, the coverage will automatically renew unless cancelled by the owner. The new
premium rate, based on the attained age of the insured and the death benefit, will be presented. The
premium change will occur on the group renewal date. Subsequent term periods are 5 years or until the
expiration date, if earlier.
Non-Tobacco Sample Monthly Premiums
Issue Age
$25,000
Face
Amount
$50,000
Face
Amount
$75,000
Face
Amount
20
$1.86
$6.21
$9.31
25
$1.98
$6.58
$9.88
30
$2.09
$6.96
$10.44
35
$2.43
$8.08
$12.13
40
$2.74
$9.13
$13.69
45
$4.08
$13.58
$20.38
50
$7.48
$24.92
$37.38
55
$10.93
$36.42
$54.63
Premiums are guaranteed level for 5 years, and then premiums may increase annually beginning in year 6. Ten an twenty year fixed premium options are also available upon request.
Guaranteed Issue Maximum
Employee
$75,000
Spouse
$15,000
Child(ren)
$10,000
(Child Term Rider)
Why Consider Short Term Disability Insurance?
Disabilities happen. If you miss work due to an
injury or illness, short-term disability insurance
can help replace a portion of your lost wages
while you recover.
Most injuries and illnesses are not long-lasting, and you’ll likely be back at work quickly. In the meantime, your regular paycheck could stop. If that happens, the replacement income you get from disability insurance will be a big help.
Here are some conditions that could lead to a disability claim:
› Illness › Childbirth › Injury › Surgery
Key Product Features:
› Employees choose a benefit amount up to 60% of their income
› Benefits are in $100 increments up to a max of $3,500
› Benefits are tax-free
› Employer’s choose from 4 plan designs
o 7 / 7, 3 month
o 7 / 7, 6 month
o 14/14, 3 month
o 14/14, 6 month
Other important product information:
› Pre-existing condition limitations – 12 month sickness, 12 month accident
› Pregnancy is treated as any other illness
› Guarantee Issue – no health underwriting
› Benefits may be reduced if claimant is receiving any compulsory benefit, act or law such as a state disability plan
› Benefits coordinate with any sick leave or worker’s compensation payments received from the employer
Sample Plan Design and Rates
Monthly Benefit Amount
Annual Income Required for 60%
Benefit Amount
Hourly Wage Based on 40 Hour
Work Week
18-39 Weekly Premium
40 - 49 Weekly Premium
50-59 Weekly Premium
60-64 Weekly Premium
$500 $10,000 $4.81 $2.48 $2.92 $4.11 $4.26
$1,000 $20,000 $9.62 $4.96 $5.84 $8.22 $8.52 $1,500 $30,000 $14.42 $7.44 $8.76 $12.32 $12.77 $2,000 $40,000 $19.23 $9.92 $11.68 $16.43 $17.03 $2,500 $50,000 $24.04 $12.40 $14.60 $20.54 $21.29
Innovative employers understand that disability
insurance is both a benefit and a health and
productivity tool.
Creative Worksite Short Term Disability, underwritten by Lincoln Financial Group. Not all plans or plan features are available in all jurisdictions. Please refer to materials provided by the insurance carrier, including proposals and brochures, for a complete
What Is an “Advocate”?
One that supports or promotes the interests of
others.
Insurance is complicated. Digital understands. Workers call us from the pharmacy, needing immediate answers. We respond. Employees call us from emergency rooms, desperate because of an insurance mix-up. We act. Many e-mail right from home, pleading for assistance on
a claims or billing issue. We help.
Do you really have the time to deal with all your
workers’ questions about insurance claims, plan eligibility,
provider networks or billing? Here’s the perfect solution to increase employee satisfaction and productivity, while saving you time and money.
With Digital, your employees have an ally by their side every step of the way (an ally that saves you time). Our customer advocates are eager to provide confidential answers to their questions about claims, eligibility, provider networks, plan design features, pharmacy issues and more.
If your employees have a benefits-related problem, Digital’s Customer Advocate Center will solve it. We’re all about simplifying the health care journey – and fixing insurance snags, glitches and hold-ups of all types.
How we help your employees:
› Educate employees on how to use their benefits
› Help employees understand enrollment options
› Facilitate resolution on eligibility/billing issues
› Assist workers with claims
› Interpret insurance payment outcomes
› Provide alternative suggestions to satisfy patient needs
› Locate in-network providers
› And much, much more
Because we specialize in creating great customer experiences for small and mid-sized businesses, meeting your needs is a priority. Digital has the expertise, resources and technology to follow through on that promise.
A phone call is always quickest, but we’re also available by email, fax and online chat.
Phone: 866-736-6640
Fax: 866-736-6647
Email:service@digitalinsurance.com
Online chat:www.digitalinsurance.com
