Unum Accident Insurance: Cash Benefits to Cover Unexpected Injury Costs

Introduction

Accidents happen when you least expect them—and even with health insurance, deductibles, copays, and non‑covered costs can quickly overwhelm your budget. Unum Accident Insurance provides a lump‑sum cash benefit upon diagnosis or treatment of covered injuries, allowing you to focus on recovery rather than finances. Whether it’s a broken bone, a torn ligament, or a trip to the emergency room, Unum’s voluntary benefit helps bridge the gap between medical expenses and your household bills.

1. Key Features of Unum Accident Insurance

2. How Unum Accident Insurance Works

1. Enroll During Open Enrollment
   Elect coverage up to the guaranteed‑issue amount—no health questions required.
2. Sustain a Covered Injury
   Examples include fractures, dislocations, burns, eye injuries, and concussions—each defined by a clear medical schedule.
3. Submit a Claim
   File online or via the Unum mobile app with proof of injury (physician’s report, medical bills).
4. Receive Cash Payment
   Unum processes straightforward claims within 7–10 business days—sending funds directly to you, tax‑free if premiums are paid with after‑tax dollars.
5. Use Funds Freely
   Apply cash benefits to medical deductibles, rehabilitation, transportation, rent, utilities, or even childcare—whatever best supports your recovery.

3. Sample Benefit Schedule

* Amount varies by severity and location of injury.

4. Why Choose Unum Accident Insurance?

• Budget Protection
  Offsets unexpected costs that aren’t covered by your health plan.
• No Network Restrictions
  You choose any provider—benefit is not tied to a network.
• Fast Payouts
  Cash is delivered directly to you—no coordination with medical providers.
• Voluntary & Payroll‑Deducted
  Premiums deducted with each paycheck; costs remain predictable and manageable.
• Enhances Total Benefits Package
  Complements health, disability, and life insurance to fill coverage gaps.

5. Frequently Asked Questions

Q: Can I cover my family under the same policy?
A: Yes—spouse coverage is often 50% of the employee’s benefit; children typically at 25%, ensuring family protection.

Q: Are benefits taxable?
A: No—cash benefits from accident policies are tax‑free when premiums are paid with after‑tax dollars.

Q: What if I have multiple claims?
A: Each covered event pays independently, subject to annual maximums; you can claim for multiple injuries in one year.

Q: Is there a waiting period?
A: No waiting period—coverage begins on your policy effective date for accidents that occur thereafter.

Conclusion

Unum Accident Insurance provides a financial safety net when accidents strike—helping you and your family navigate the costs of medical care, recovery, and daily living. With clear benefit schedules, rapid claims processing, and flexible cash payouts, Unum ensures that an unexpected injury doesn’t derail your finances or your health. Talk to your HR department or visit the Unum portal to enroll today and safeguard your peace of mind.