53 Responding to the evolving needs of employees, Unum, a leading provider of employee benefits, is bolstering its offerings to provide additional health and wellness benefits. Based on research indicating employees’ desires, employers are aligning their plans to prioritize these benefits deemed essential by workers. In particular, there is an increased focus on health insurance investments over the coming year. Unum’s critical illness insurance, designed to offer financial protection upon the diagnosis of serious medical conditions, is being augmented to provide more comprehensive coverage for policyholders and their families. Tom Dupuis, VP of Products at Unum, emphasizes that such coverage investments contribute to employees’ well-being and security by alleviating the financial strain of unexpected medical expenses. With cancer cases on the rise, Unum introduces a new cancer benefit aimed at providing ongoing support and coverage. This benefit entails a lump sum payout for cancer treatment, complemented by additional monthly payouts equivalent to a percentage of the policy’s total benefit amount during the treatment period, extending up to an additional 100%. Coverage encompasses various aspects of cancer treatment, including hospital stays, chemotherapy, radiation, surgery, and hospice care. These enhancements mark a step forward in the modernization of coverage, part of Unum’s broader efforts to provide comprehensive employee benefit solutions. These solutions extend beyond traditional coverage to encompass support for time off from work, technology integration with HR systems, and administrative assistance. You Might Be Interested In Morgan Stanley and HSBC Cut Asia Investment Banking Jobs Amid Slowdown Angola’s Departure From OPEC Opens Door for Increased Chinese Investment Fintech Investments Experience 7-Year Low in Middle East, Europe, and Africa Qatar: Paving the Way for the Economy of the Future China rare earths dominance makes U.S. supply chains vulnerable Major shipping routes are struggling with water shortages. El Niño could make it worse