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CIGNA Group Universal Life Insurance
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Financial Planning with Flexibility: For Life
We all have concerns about how our loved ones would fare if something happened to us. We worry about their financial security. We worry whether our spouse will be able to keep our home; we worry whether our children will be able to afford college; we worry how the bills will get paid.
Life insurance allows members to replace worry with planning … solid financial planning to protect loved ones.
CIGNA Group Universal Life (GUL) offers a highly flexible financial planning tool that enables protection of what is owned, while accumulating cash value for future – tax-deferred.
Let CIGNA help the pursuit of long-term financial well-being. Contact your employer today to learn more.
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Grow your assets while protecting your family
CIGNA's Group Universal Life (GUL) Insurance is an employee-paid (voluntary) highly flexible financial planning tool that allows employees to receive life insurance and financial protection for the future. It combines substantial amounts of guaranteed issue life insurance with a Cash Accumulation Fund that earns tax-deferred interest at competitive rates. Benefits of CIGNA's GUL include:
- Tax-deferred cash accumulation fund helps with the cost of retirement, college tuition or a major purchase for employees.
- Payroll deduction provides a convenient single point of purchase for benefits.
- Group rates
- Expert administrative support reduces your workload by taking care of employee education and communication, payroll deduction and claims management.
- Dedicated staff of experts at your disposal including implementation coordinators, account executives, local service representatives and customer service representatives.
CIGNA Group Universal Life insurance offered through your employer may be employer-paid, employee-paid, or a combination of the two.
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Employer Advantages
Universal Life Insurance provides a firm foundation for an employer's benefit package by offering employees a competitive, value-added life benefit. CIGNA Group Insurance's Universal Life products offer options that can be tailored to an employer's needs, while offering financial protection, behavioral health assistance, chronic condition management, and beneficiary services to employees and their families.
CIGNA also understands the support people need after the loss of a loved one. That's why all our life insurance products include auxiliary services for beneficiaries of payments of $5,000 or more. We call these important counseling, legal and financial services the CIGNAssurance Program®—a vital element of a benefits package that demonstrates the concern you have for your employees.
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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 expert administrative support reduces your workload by taking care of employee education and communication, payroll deduction and claims management.
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CIGNA Universal Life offers options for optimum family protection including:
- Plan-design options available:
- one to five times earnings
- $10,000 increments
- Spouse and dependent-children coverage available
- Guaranteed issue
- Accelerated benefits standard up to 50% of the face amount in the event of:
- terminal illness
- nursing-home/custodial care when institutionalized
- Portability
- Automatic increase option
- Accidental death benefit option
- Accidental death & dismemberment option
- Smoker and non-smoker rates available
- Employee access to cash value of their account at any time through loans or withdrawals
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FAQ
Who is covered?
Your employer may offer coverage for yourself, your spouse and your family members.
How much insurance can I obtain?
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 ProgramSM offers in-depth counseling, legal, and financial services that are a vital element to your benefits package.
The CIGNA Life Assistance ProgramSM can help employees balance their 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 can assist employees in managing their chronic conditions – which can help employers lower their overall healthcare and disability costs
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