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Home > Financial Press Releases > Jefferson Pilot Financial Unveils “Paycheck Plus” Voluntary Income Protection Benefits
Jefferson Pilot Financial Unveils “Paycheck Plus” Voluntary Income Protection Benefits
OMAHA, NE (PRWEB) November 22, 2005 -- Jefferson Pilot Financial, one of the nation’s leading providers of universal and variable universal life insurance, fixed annuities and employee benefits, today announced the introduction of “Paycheck Plus”, a comprehensive package of voluntary income protection benefits that provides four lines of coverage within a single group rate.
The simplified Paycheck Plus package covers short-term disability, long-term disability, term life insurance and accidental death and dismemberment, all at an economical group rate. Short-term disability is designed to protect employees’ weekly incomes in the event of illness or injury, while long-term disability is used when the covered disability is more severe or becomes persistent. Term life insurance covers the event of untimely death, while the AD&D benefit covers accidental bodily injury. If an accident results in loss of life, the AD&D benefit is paid in addition to the term life benefit.
Also, employers and employees alike benefit from a streamlined enrollment process using a single form. Enrollees simply provide their name, address, and other details such as beneficiary information, then select the appropriate payroll deduction and sign the form. Jefferson Pilot Financial has made it that simple to get four lines of coverage in a single rate.
“Most employees carry insurance to cover the loss of or damage to their valuables,” explains Len Cavallaro, Senior Vice President – Sales and Marketing, “but many neglect to protect their ability to earn an income. This package provides them with that opportunity while at the same time keeping things simple, easy and affordable.”
The Paycheck Plus package is underwritten by Jefferson Pilot Financial Insurance Company, one of the nation’s top group insurance providers. Jefferson Pilot Financial boasts a solid record of financial strength and industry-leading innovations for service and support.
Jefferson-Pilot Corporation, a holding company (NYSE:JP), is one of the nation’s largest shareholder-owned life insurance companies. Jefferson Pilot’s life insurance and annuity companies, principally Jefferson-Pilot Life Insurance Company, Jefferson Pilot Financial Insurance Company, and Jefferson Pilot LifeAmerica Insurance Company, together known as Jefferson Pilot Financial, offer full lines of individual and group life insurance products as well as annuity and investment products. Jefferson-Pilot Communications Company owns and operates three network television stations and 18 radio stations, and produces and syndicates sports programming.
The group benefits division of Jefferson Pilot Financial Insurance Company markets ancillary (non-medical) group and voluntary insurance products including life and AD&D, long-term and short-term disability, dental and employee assistance programs through a national distribution system consisting of 39 sales offices in addition to home offices in Omaha, NE and Atlanta, GA.
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