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CIGNA Term Life Insurance
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Choices: worry, or plan. Planning's better.
People have concerns about how loved ones would fare if something happened. People worry about family financial security. Concerns such as if a spouse will be able to keep the home; children will be able to afford college; how the bills will get paid.
Life insurance allows people to replace worry with planning … solid financial planning to protect loved ones when a family member is no longer there to do so.
Like savings, and investments, and homeownership, life insurance is an essential part of financial planning. But unlike those other things, which rely on time and continuity and steady presence - life insurance guards against the unexpected … against the sudden interruption of plans … against loss.
With CIGNA life insurance, members can create a "safety net" for their family by selecting life plans that will provide the resources for them to carry on.
Term Life Insurance Offers Powerful Protection
Term Life offers valuable coverage during a period of greatest need – while members are still working and earning an income and building for the future.
CIGNA offers a variety of valuable benefit options that an employer may choose to offer individually or in combination. These options include:
- Terminal-Illness Benefit
If a family member is identified as having a life expectancy of 12 months or less, this benefit provides for a payment of up to half of the coverage amount — while the member is still living with no restrictions on how this money is used.
- Waiver of Premium
If the member becomes permanently disabled before age 60 and remain disabled for at least nine months, this benefit will pay the premiums while the member remains disabled, up to age 65, once we have approved the benefit. If the member qualifies for this benefit and has also insured a spouse or children, the premium for their coverage will be waived, too.
- Policy Conversion
With this benefit, if a member's group life coverage is reduced or ends for any reason (except nonpayment of premiums), the member can convert to an individual whole life policy, with no medical evidence of insurability needed.
- Portability
A member can continue the insurance coverage when they leave the company or when retired, with no medical evidence of insurability needed.
- Automatic-Increase Option
To help a member's life insurance keep up with their earning power, this benefit increases life coverage as the member's salary increases, up to a maximum of $25,000 over the previous coverage amount, with no medical evidence of insurability needed.
- Plus information on Estate Planning, Identity Theft Information Kit, and CIGNA's Life and Disability Planning Kits
All these options are designed to help maintain the protection need for members and their loved ones. Ask your employer for further details about the member insurance plan options.
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Term Life protects family and finances
Term Life insurance provides coverage during a specific period of time — typically, in employer—sponsored plans, during the period of employment.
With Term Life insurance, once the coverage period has ended, the insurance expires. Because the coverage expires at a specific time, Term Life insurance premiums can be far lower than those of whole—life policies, which typically carry a cash value and continue throughout a member's life, as long as premiums continue to be paid. The lower premiums may mean enjoyment of greater protection at low cost.
CIGNA Term Life insurance offered through your employer may be employer—paid, employee—paid, or a combination. Regardless of the source of premium payment, members may find that the cost is very reasonable for the degree of protection.
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Taking Care of Yourself and Your Loved Ones
During your coverage period, you'll have convenient access to CIGNA's knowledgeable, helpful staff to answer any questions you have about your insurance plan.
Our customer service focus also extends to your beneficiaries in the event of your death. Beyond the financial help provided by your insurance policy, we offer a wide range of additional counseling services to your loved ones through CIGNAssurance Program®. These include:
Bereavement counseling
We offer access to free, over-the-phone, confidential bereavement service 24 hours a day, 7 days a week. Beneficiaries can make up to two telephone calls to grief counselors, and schedule up to two free face-to-face counseling sessions with behavioral-health experts, certified professionals in their field. We'll also provide help in finding community-based programs including educational programs, self-help groups, public resources and nonprofit organizations.
Legal assistance
Beneficiaries can take advantage of 30 minutes of free legal-consultation service by phone, plus a referral program to discounted legal services for help with settling the estate, preparing a will and other issues.
Financial assistance
We'll deposit the insurance proceeds in a free, interest-bearing account, with immediate access through a book of drafts. Beneficiaries can also take advantage of 30 minutes of free financial consultation services over the phone, plus get referrals for additional discounted financial assistance.
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Employer Advantages
Term Life insurance is a valuable addition to your benefits package for your employees and their family. CIGNA Term Life works by providing premium service and support to you and your employees.
- Flexible contract allows you to choose traditional employer—paid term as basic coverage, and/or employee—(voluntary) coverage.
- A dedicated implementation coordinator sets up your account and provides customer support during the transition to CIGNA
- A dedicated local account manager and account support team responds quickly to your needs
- Online or paper billing and payment options
- Four convenient options to report claims — phone, fax, mail or the web
- Payroll deduction
- CIGNAssurance Program® provides bereavement, financial and legal counseling to Life, Accidental Death and Terminal Illness beneficiaries.
- Access to integrated products and services focused on employee assistance programs and chronic condition management.
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CIGNA offers customer service centers with experienced claims—management professionals, people who know what it takes to get claims processed quickly and accurately. You'll like knowing that if and when your employees suffer a loss, they'll receive courteous and prompt attention from people whose only focus is to make it easy for your employees to get the help they need, when they need it.
CIGNA provides a dedicated staff of experts at your disposal including implementation coordinators, account executives, local service representatives and customer service representatives.
CIGNA's expert administrative support reduces your workload by taking care of employee education and communication, payroll deduction and claims management. Options include:
- Enrollment services through cigna.com or employer's Intranet
- Interactive voice response system
- Personalized or generic applications to speed up processes
- Enrollment kits and meetings to broaden employee awareness
- Online or paper billing — your choice
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Employees will have convenient access to CIGNA's knowledgeable, helpful staff to answer any questions they have about their insurance plan.
Our customer service focus also extends to their beneficiaries, in the event of their death. Beyond the financial help provided by the insurance policy, we offer a wide range of additional counseling services to employees' loved ones through our CIGNAssurance Program®. These include:
Bereavement counseling
We offer access to free, over—the—phone, confidential bereavement service 24 hours a day, 7 days a week. Beneficiaries can make up to two telephone calls to grief counselors, and schedule up to two free face—to—face counseling sessions with behavioral—health experts, certified professionals in their field. We'll also provide help in finding community—based programs including educational programs, self—help groups, public resources and nonprofit organizations.
Legal assistance
Beneficiaries can take advantage of 30 minutes of free legal—consultation service by phone, plus a referral program to discounted legal services for help with settling the estate, preparing a will and other issues.
Financial assistance
We'll deposit the insurance proceeds in a free, interest—bearing account, with immediate access through a book of drafts. Beneficiaries can also take advantage of 30 minutes of free financial consultation services over the phone, plus get referrals for additional discounted financial assistance.
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FAQ
Who is covered?
Your employer may offer coverage for yourself, your spouse and your family members.
How much do I need? Is there an extra measure of protection?
You may be able to choose the amount of insurance you wish to carry, within prescribed limits. You may be offered a combination of CIGNA Life and Accident insurance, a valuable combination that can increase the scope of protection and "close the gaps" left by other insurance programs. Life insurance provides coverage in the event of your death, while accident insurance provides coverage for a covered injury due to an accident.
What other programs should I know about?
The CIGNAssurance Program® included in all Term Life insurance policies, offers in-depth counseling, legal, and financial services to your beneficiaries that are a vital element to your benefits package.
The CIGNA Life Assistance ProgramSM, when selected by your employer, can help you balance your business and personal priorities. Life Assistance offers:
- Professional counseling from licensed behavioral health providers.
- Life event referrals and research.
- Healthy Rewards® Discount Program
CIGNA's Disability Solutions for Chronic Conditions Program, when selected by your employer, can assist employees in managing their chronic conditions.
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