Transamerica expands employee benefits offerings

Listen to this article

Transamerica Wednesday launched new and enhanced employer-sponsored group disability and term life insurance, continually expanding products and services designed for the workplace.

As a leading employee benefit and retirement provider, Transamerica developed these new offerings based on extensive feedback from employers and distribution partners. Employers have shown a renewed focus on offering employees access to comprehensive benefits packages as the country has begun to emerge from the COVID-19 pandemic.

Transamerica recently expanded its workplace solutions by introducing Health Savings Accounts, a Student Loan Repayment Program, and ClaimsMinder, a customer advocacy service.

An accident or illness can strike unexpectedly, leaving employees unable to work or with reduced income to support themselves and their families. Transamerica now offers employer-paid disability insurance that helps protect employees and their families when they need it most. These employer-paid policies also allow employees to increase the benefits through employee buy-up options. Transamerica already offers voluntary employee-paid disability insurance.

These new, employer-paid disability policies include return-to-work assistance, rehabilitation planning, oversight, and job placement services, access to physicians and nurses/medical consultants who connect with the employee’s treating physician; and experienced legal help, offered at no added cost to policyholders, to help guide them through the Social Security disability application and appeal process.

Transamerica’s group term life insurance is an annually renewable basic term life policy. It offers advanced flexibility that makes it easy for employers to protect the financial security of their employees’ loved ones. The policy delivers an extra layer of protection for employees’ families by supplying a death benefit based on their income. Employers can include several additional riders and services to provide their employees’ families with additional coverage. Employees can further expand coverage through buy-up options.