5 Common Workplace Benefits Insurance and How They Protect You
Insurance is one of the most valuable workplace benefits available. There are a number of different types of insurance that are frequently offered as part of your work benefits package, and these work together to provide comprehensive coverage for illness, injuries, and even death. So here are five common Workplace Benefits Insurance and How They Protect You.
Long Term Care Insurance
This coverage provides assistance should you ever face a long-term or chronic illness requiring continuous care, as well as for care as you age. It protects you from the high cost of long-term care services. Among the items covered are at-home care from a nurse or therapist, nursing home care, and personal care services.
Disability insurance provides financial assistance for anyone who is unable to work as a result of an injury or illness, paying a percentage of their regular income. Disability comes in two forms. Short-term disability is designed to provide income assistance during a short period of time, usually in less than one year, while long-term disability insurance provides coverage for periods longer than a year, kicking in when short-term benefits have been exhausted.
Accident insurance provides cash benefits to defray expenses directly related to an accidental injury. The benefits can be used for a wide variety of expenses, including medical bills, prescriptions, and other out-of-pocket expenses. These benefits can be helpful if you need to take time off work for treatment as a result of the accident.
Critical Illness Insurance
Critical illness insurance provides a quick payment of a lump sum even that you are diagnosed with a critical illness. Cancer is one of the most common illnesses for which this type of policy provides coverage; other commonly covered illnesses include Alzheimer’s, Parkinson’s, and paralysis. The money can be used to cover any immediate and necessary expenses that result from the diagnosis.
Universal Life Insurance
One of the most common work benefits, a Universal Life Insurance Policy—also often called whole life insurance—provides a death benefit to the beneficiary of your choice. This coverage stays in place for the duration of your life as long as the policy is in force. Want to learn more? Get a free quote today only available for Tampa, Florida residents.
Why You Should Buy Workplace Benefits Insurance RIGHT NOW?
You may be thinking, "Why should I buy insurance right now?" Well, the answer is simple. Insurance services & policies can protect you from financial disaster in case of an accident or injury. Insurance provides a safety net for your family and loved ones to help them get back on their feet if something terrible happens to you. It's important not only for your peace of mind but also for the future well-being of your family.
Insurance services & policies can give you peace of mind knowing that your family will be taken care of if something were to happen without any worry on their part. With so many different types and packages available, there are options for every type of person’s needs! At Service Hub Insurance we'd love to answer any questions or concerns about how coverage works because when someone buys insurance they're taking steps towards financial stability. We're proudly serving Floridians Insurance needs since 2014 in our Insurance Services Office in Tampa, Florida.
If the unthinkable happens and you have a life-changing event such as an injury, illness, divorce, death in the family, etc., it's only natural for us to want to protect ourselves financially from what's happening with our lives by applying for disability benefits or getting long term health care plans.
After all, is said and done, it'll be a good day when you know your family will be taken care of if something were to happen without any worry on their part.