Life and disability coverage for added peace of mind and protection
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Life and Disability Coverage for Added Protection
LifeOptions offers employer-sponsored insurance plans designed for individuals to help protect your income if the unexpected happens. These plans provide an added layer of financial security through life insurance and long-term disability coverage.
LifeOptions plans are available to lay and clergy not enrolled in the Comprehensive Protection Plan (CPP). In addition, plan sponsors can elect supplemental life insurance for clergy covered in CPP.
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Overview of LifeOptions Plans
Local churches and other UMC plan sponsors may choose to adopt any or all LifeOptions plans. Because coverage options vary by plan sponsor, the specific plans available to you depend on what your plan sponsor has elected to offer.
Each plan is designed to address different needs, whether that means replacing income if you become unable to work or helping your loved ones manage financially after a loss. Certain plans also give you the option to purchase additional coverage for yourself or your family.
When a medical condition prevents you from performing your professional duties, CPP provides long-term disability income replacement, so you have financial support while you focus on health and recovery.
Eligibility
This plan is for lay participants and clergy who are not eligible for the Comprehensive Protection Plan (CPP).
Benefits
Monthly income replacement equal to 60% of pre-disability compensation up to $5,000 dollars per month
Retirement contributions to your retirement plan based on the plan eligibility
Life insurance can help provide financial stability for you and your loved ones after your or your dependent’s death, helping them manage immediate expenses and plan for the future with greater confidence.
Eligibility
This plan is for lay participants and clergy who are not eligible for the Comprehensive Protection Plan (CPP).
Benefits
Death benefit for active or retired participants
Death benefits for dependents such as a spouse or children
Accelerated death benefit of 50% in the event of terminal illness
Optional accidental death and dismemberment benefit for active participants
This plan provides additional life insurance coverage for participants who are already covered by the Comprehensive Protection Plan (CPP). It is designed to supplement existing benefits with added financial protection.
Eligibility
This plan is for clergy already enrolled in the Comprehensive Protection Plan.
Benefits
Death benefit for active and retired participants
Optional death benefits for dependents such as a spouse or children if elected by the plan sponsor
Optional death benefit for retired participants if elected by the plan sponsor
Accelerated death benefit of 50% in the event of terminal illness
Optional accidental death and dismemberment benefit for active participants
If you would like additional life insurance beyond what your employer provides, this voluntary term-life plan allows you to purchase extra coverage for yourself or your family.
Coverage amounts are selected by the participant.
Eligibility
Active and eligible participants enrolled in a LifeOptions life insurance plan may be eligible for this option.
Benefits
Death benefits for the participant, spouse and dependent children
Accelerated death benefit of 50% in the event of terminal illness
Waiver of premium while the participant is receiving disability benefits
Optional accidental death and dismemberment benefit the participant
Coverage details, eligibility and plan availability vary by employer. For information specific to your benefits, contact your plan sponsor or call Wespath at 1-800-851-2201.
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Coverage availability, eligibility and plan design are determined by your plan sponsor or employer. All LifeOptions plans are fully insured and underwritten by Unum. Wespath administers these plans but does not make claims decisions.
