Life doesn’t always go according to plan. Accidental injuries happen, and they can have a big impact on the wallet. Accident insurance helps supplement key benefits by providing employees a lump-sum cash benefit1 after a covered accidental injury.
Employees pick up the entire cost of the premium with voluntary accident insurance. They choose who to cover and pay the premiums through payroll deduction.
Accident insurance can help employees and their families be better prepared to handle expenses that pop up after an accidental injury. A lump-sum cash benefit1 is paid directly to the insured person after having a covered injury. This benefit provides cash that can be used however it’s needed.
Accident insurance helps your employees maintain financial wellness. The expenses that can result from unexpected injuries can often be overwhelming to your employees and their families. When they’re covered by accident insurance, they can breathe a sigh of relief that they’re better prepared financially just in case an accident happens.
Our accident insurance is different, offering a simplified design that’s unlike many other accident coverages. It pays an up-front, lump-sum benefit based on covered injuries received—regardless of other coverages or actual expenses. It’s not dependent on services, tests or treatments, so employees can get paid right away with less paperwork. And there’s no guesswork about the benefit amount.
The benefit can be used any way the employee chooses, such as medical deductibles and copayments, transportation, food and lodging, child care, lost income from missing work, home healthcare needs, and more.
Accident insurance covers:
1 Based on current federal income tax laws, if insurance premiums are paid with after-tax dollars, the benefits are received income-tax-free.
ACCIDENT INSURANCE PROVIDES LIMITED BENEFITS. This is an overview of the benefits accident insurance provides, but there are limitations and exclusions. For cost and coverage details, contact your Principal representative. Accident insurance from Principal® is issued by Principal Life Insurance Company, Des Moines, IA 50392. Oregon policy GC 8000 (ACC) (0915) OR.
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