Catastrophic Benefits
with return of premium,
that Pay Cash When It Matters Most
Steven R Harris is an independent insurance agent partnered exclusively with Globe Life - Family Heritage Division. We specialize in offering affordable supplemental insurance policies to business owners and individuals in different markets across the country.
Problem
Serious health events are common and create income gaps and unexpected costs.
- Cancer affects 1 in 2 men, 1 in 3 women, and children
- Heart attacks occur every 29 seconds
- Over 5,000 debilitating injuries occur every hour
- 1 in 8 people are hospitalized each year
Solution
Your friction-free solution for employers. Our plans pay cash directly to employees - on top of any existing coverage.
- $0 cost to the business
- No payroll deductions (individual billing)
- No admin burden; fully portable coverage
- Boost recruiting & retention; typical 25% - 70% participation when offered well
- Industry-leading benefits with a return of premium
Is this right for your team?
How Catastrophic Benefits Work
Pays Cash to Employees:
Cash benefits for covered events to offset deductibles, travel, childcare, time off, etc. - in addition to any existing plans.
Portable, 24/7 Coverage:
At work, at home, on or off the job; options for individual, couple, single parent, or whole family available.
Return of Premium
After 20 or 25 years, 100% of premiums paid are refunded (minus claims paid.)
*Details vary by state.
Explore the Products
FAQs
1.
Is this health insurance?
No. This is supplemental cash benefits paid directly to the policyholder to help with expenses and income gaps. It stacks with existing coverage.
2.
What's the employer contribution?
None.
Plans are employee-funded;
billing is individual;
no payroll or administrative burden.
3.
What if an employee leaves?
Coverage is portable with no change in rate or benefits.
4.
What is Return of Premium?
After 20 or 25 years (*state specific) 100% of premiums paid are refunded, minus any claims paid. If all adults on the policy pass away before the ROP date, premiums are refunded to the beneficiary.
5.
How does enrollment occur?
We join one of your team meetings to share the benefits with the whole team. Any individuals interested in learning the specific rates for their family will meet with us afterward. Enrollments can occur at any time of the year and avoid the chaos of health insurance open enrollment periods.
Protect Your Team, Strengthen Your Benefits
at Zero Cost to Your Company
See if Catastrophic Benefits are a fit in a quick, no-pressure call.
