The McClain Group partners with the top voluntary benefit carriers to provide the very best-in-class products, including:
insurance plans have a large deductible or a yearly
cap, and the worry of not being able to afford the treatment was never
a concern for us. Having the monetary reimbursement from the
Cancer Policy can fill in the gaps left by your regular health
insurance plan. No cancer patient should ever have to choose whether to
be treated or not because of the inability to pay. The
and peace of mind you get from having this plan is well worth the
monthly fee to purchase it. “
|Short and Long Term Disability
Disability coverage provides a source of income for policyholders who are unable to work due to a non-occupational illness or injury.
|Over 50 percent of bankruptcies
are due to serious medical issues.
-“Illness and Injuries as Contributors to Bankruptcies,” Health Affairs, February 2005.
|Permanent Life Insurance
Permanent life insurance allows policyholders to retain coverage subsequent to their working lives and into retirement. This coverage permits flexibility during the life of the policy in terms of death benefit and premium, and accrues cash value.
|44 percent of American families
believe that they do not have sufficient life insurance.
-U.S. Life Insurance Ownership Study (2005), LIMRA International, Inc.
|Term Life Insurance
Term life insurance is purchased for a specified period of time, and offers affordable premiums.
|32 percent of American families
have no life insurance.
-Retzloff, C.D. (2005); Trends in life insurance ownership; LIMRA International, Inc.
|Critical Illness Insurance
Due to innovations in medical technology, people are surviving critical illnesses, but the expense is high. Critical illness insurance provides lump sum benefits to cover the high cost of these illnesses not covered by traditional medical plans.
|Two-thirds of the cost
associated with stroke, heart disease and cancer
is out-of-pocket for the patient; the average lifetime cost for a
stroke survivor is $100,000. -American Cancer Association
Despite having health insurance when initially faced a serious health condition, patients of these illnesses were left with an average of $13,460 in out-of-pocket medical costs. -Health Affairs, a policy journal
Approximately 65% of the cost of this disease is not covered by traditional medical insurance. Cancer insurance can assist policyholders in managing the high cost of treatment and other costs associated with this disease.
|The odds of developing cancer
during a lifetime are 1 in 2 for men and 1 in 3 for women.
-American Cancer Society, “Cancer Statistics 2008,” March
Approximately 20% of those with health insurance spend all or most of their life savings to fight their cancer diagnosis.
-American Cancer Association
Accident insurance can assist policyholders in managing the cost associated with unexpected injuries.
|Almost one of eight people
sought medical attention or experience one or more days of restricted
activities due to an injury.
-Injury Facts, National Safety Council, 2003.
|Limited Medical Plans
Major medical insurance is not affordable for all employees. Limited medical plans provide an affordable health plan option for the lower-wage workforce.
|Health insurance is the most
effective employee retention tool.
-2004 Society of Human Resources Management Retention Practices Survey
|Supplemental Health Plans
Supplemental health plans can assist policyholders with the out-of-pocket cost due to higher deductibles and co-payments becoming increasingly common in traditional health plans.
|Among employees in a recent
survey, more than 50 percent reported an
increase in medical expenses in the previous year. More than
those costs were out-of-pocket medical expenses.
-Kaiser/HRET Survey of Employer-Sponsored Health Benefits; Exhibit 7.1; 2005.
|Long Term Care Insurance
As Americans continue to live longer and require additional care in their senior years, long term care insurance assists with the high cost of home healthcare and other types of long term care.
|A woman aged 65 has a 50% chance
of living beyond age 88, and a man the same age beyond age 86.
-Society of Actuaries; 2000 Mortality Tables.
|Voluntary Dental Insurance
Dental insurance assists with the cost of dental care.
|Voluntary Vision Insurance
Vision insurance assists with the cost of vision care.
Identity theft coverage can assist with credit monitoring, fraud detection and restoration of stolen identities.
|The FTC estimates that as many as 9 million Americans have their identities stolen each year.|
Legal service coverage provides access to professional legal counsel at a reasonable cost.