Core Benefits
We identify Core Benefits as insurance and benefits that are most commonly offered as "standard" benefits by employers. The most common core benefit products are health insurance, dental insurance, disability insurance, and group life insurance. Most educational institutions receive health insurance through their State; therefore, we focus on providing solutions in other areas.
We offer unique choices in core benefits because we create our own plan designs based on each market. For example, the base disability needs of Alabama differ from those of Mississippi; therefore, the products must be different. Our representatives will be happy to demonstrate the advantages of our product suite. We are confident you will be pleasantly surprised.
Supplemental Benefits
Supplemental Benefits, also known as Voluntary Benefits, are the programs that employers sponsor to "round out" their benefit offerings. Since most employees buy insurance through their employer, supplemental programs are very important to the financial welfare of employees. Our portfolio of products includes: term life insurance, permanent life insurance, cancer, critical illness, and long term care. Our goal is to provide solutions that address the primary concerns of the working person.
The unique position of Collateral is that our portfolio is exclusive. We have the sole distribution rights to the plan designs in our market. As an educational institution, your employees can choose from products that are designed specifically for educators in your State and not available from anyone else.
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Disability Insurance is designed to help protect your most important asset...your ability to earn a living. Many insure their life, but do not think about the consequences should they be unable to work. Disability insurance is available for the short-term, long-term, or both. Click here to learn more about disability insurance.
Group Term Life helps protect you while you are working. Affordable, because it is based on group rates, this insurance provides a cost-effective base policy for many American workers. In some situations, group term life insurance may be all the life insurance someone can afford. Click here to learn more about life insurance.
Voluntary Life Insurance is one of the most important products that any employer can offer their employees. Our objective is to offer both term and permanent life insurance products that meet the needs of our clients. Our selection criteria takes into account price, benefits, and underwriting criteria. Want to know more? Contact Us.
Supplemental Health products such as cancer, critical illness, and long term care insurance are also popular additions to an employee benefit portfolio. These products are not designed to replace medical coverage, but assist with the out-of-pocket expenses associated with severe, long term illnesses. Funds can be used for travel expenses, housekeeping, income supplements, or qualified long term care. Click here to learn more.