America's Benefit Specialist November 2023

PRODUCT NEWS

Product enhancements include: CRITICAL ILLNESS INSURANCE

Metastatic Cancer Benefit: provides a benefit for the metas tasis of cancer diagnosed prior to the plan effective date. Type 2 Diabetes Benefit: provides a benefit for a Type 2 diabetes diagnosis. Infertility Benefit: provides a diagnoses-triggered benefit to support families dealing with infertility, with multiple plan options available. Mental Health Benefits: adds screening and support ben efits for several mental health conditions, including depres sion, generalized anxiety, substance abuse disorder, ADHD and autism. HOSPITAL INDEMNITY INSURANCE Newborn Coverage: automatically covers all newborn chil dren (not just firstborn child) for first 31 days. Outpatient Mental Health Benefits: provides benefits for ongoing mental health and substance abuse disorder support. ACCIDENT INSURANCE Personal Safety Training Coverage: provides a benefit for the completion of CPR/First Aid certification, self-defense classes and more. Pet-Boarding Coverage: provides a benefit to pay for the care of a pet while an insured person is hospitalized due to an accident. Organized Sports Benefit: provides coverage for a child or adult injured while playing organized sports. Additionally, all three products offer dependent parent coverage and expand the age of covered dependent children from 18 to 26. Benefits brokers interested in learning more can find a Securian Financial supplemental health insurance sales professional to talk to in their region at www.securian.com/ contact-us/group-sales.html. LAUNCH OF MEDICAL STOP-LOSS CAPTIVE PLATFORM AIMS TO DELIVER FREEDOM OF CHOICE FOR SMALL TO MIDSIZE EMPLOYERS ClearPoint Health, a medical stop-loss captive and employer services platform, recently launched, focused on catering to benefit advisors and small to midsize employers. ClearPoint’s platform offers a powerful vehicle to empower more employ ers and benefit advisors to transition their employer health benefits to one of the most transparent, affordable and clini cally integrated insurance programs in the market. ClearPoint Health was founded by a diverse group of clinicians, underwriters, technologists and risk-management experts, led by Co-Founder & CEO Jeb Dunkelberger. “Phe-

ASSURITY LAUNCHES GUARANTEED-ISSUE INDIVIDUAL ACCIDENT INSURANCE Assurity Life Insurance Company launched new Individu al Accident Insurance, providing affordable protection for unexpected medical expenses from accidents and injuries. It offers plans at different price points and levels of protection to meet a wide variety of needs. Customers receive a direct benefit they can use however they want for events like bro ken bones, ambulance rides, x-rays and more. “More customers than ever find themselves with a gap between what their health insurance covers and what needs to be paid,” says Todd Reimers, senior vice president and chief distribution officer. “Accident Insurance is designed as an easy, affordable way for them to complement their health coverage and help cover sudden medical costs without rely ing on savings.” Coverage is guaranteed issue with no medical tests, exams or health questions, making application fast and easy. Plans are available for individuals and families, as well as unique coverage for children, giving customers new ways to tailor protection to their unique situations. A native online quote-to-application platform is available at launch to streamline sales for distributors. Plans can be customized with optional riders and choices for both 24-hour and off-the-job coverage. All policies include an Accidental Death Rider that pays a benefit if an insured person dies in a covered accident. SECURIAN LAUNCHES ENHANCED WORKPLACE SUPPLEMENTAL BENEFITS Securian Financial is significantly enhancing its three-prod uct suite of workplace supplemental health insurance benefits as these products continue to be popular additions to employers’ benefit packages. Securian Financial’s critical illness, hospital indemnity and accident insurance products are all being enriched with numerous employee-friendly features. The new products are available to quote in most jurisdictions beginning January 1, 2024. “Economic forces and shifting generational expecta tions are making benefits enrollment more important and personal than ever,” said Lydia Jilek, Securian Financial 2nd vice president and voluntary benefits practice leader. “Our enhanced supplemental health insurance products empow er employees to prepare for unexpected expenses aligned with their lifestyle needs, while helping employers retain and attract talent with little to no business cost.”

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