Personal Benefits will be available to all AlphaPlus plan sponsors and their members in March 2009. The AlphaPlus program is best suited for companies with approximately 2-24 employees.
Share the good news with your employees now!
Now as part of your benefits program you can offer Personal Life and Personal Critical Illness coverage to your employees. Personal Benefits provide affordable, portable coverage without your company having to bear the cost of administration and billing.
With Personal Benefits, your employees can purchase optional coverage and they make the payments directly to Manulife through our easy payment options. Since the plan member enters into the Personal Benefits contract directly, coverage continues even if there is a change in employment and the coverage details remain completely confidential.
Personal Benefits are a simple and effective way to offer value without creating overhead for your business.
Coverage
Personal Life Insurance
Personal Life coverage offers your employees: - the opportunity to purchase coverage of up to $500,000 in units of $25,000 for their spouse and themselves
- a Living Benefit that is equal to 50% of the face amount of the Personal Life coverage, up to a maximum of $50,000
- child life coverage in the amount of $20,000 for each eligible child
Personal Critical Illness
Personal Critical Illness coverage offers your employees: - protection for 22 medical conditions
- the opportunity to purchase coverage of up to $150,000 in units of $5,000, for their spouse and themselves
At age 65, coverage is reduced to 50% of the original policy amount, up to a maximum allowable benefit of $50,000.
Child Critical Illness coverage is also available. It covers 15 medical conditions and provides a flat $10,000 of protection for each eligible child.
For more information about Personal Benefits, the rates and tools to help you promote Personal Benefits to your plan members, please call your Group Benefits advisor or your Manulife representative. |
