Accident & Critical Illness
Spooner provides you the option to purchase accident insurance and critical illness insurance through UNUM. The amount you pay for these plans is deducted from your paycheck on a post-tax basis. This ensures that any payments you receive are not taxed. Learn more about the accident and critical illness and at
ACCIDENT INSURANCE
Accident insurance is a policy that can help you pay expenses that may follow an accident, including out-of-pocket health care costs.
This plan pays benefits if you are injured in an accident, regardless of whether or not you are at work.
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KEY FEATURES OF THE ACCIDENT INSURANCE PLAN:
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You are paid cash quickly.
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The amount you receive is based on your injuries, services provided, and treatment.
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You can use the money for whatever you would like.
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Benefits are not taxed.
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It does not matter what medical plan you have.
CRITICAL ILLNESS
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Critical illness insurance is a policy that provides a lump-sum, cash benefit if you are diagnosed with a covered illness (e.g., heart attack, stroke, cancer). These diagnoses can cause significant financial burden, especially if you are unable to work while receiving treatment. You can use the money you receive however you would like, including to help you pay your mortgage, pay your deductible,
seek experimental treatment, or for any other expenses. The benefit amount you receive is based on the level of coverage you purchase. You may also purchase coverage for your spouse and/or dependent children.
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COVERAGE OPTIONS:​
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Employee: $10,000, $20,000 or $30,000; guarantee issue: $30,000.
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Spouse: 50% of Employee Coverage Amount; guarantee issue is 50% of Employee Coverage Amount
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Dependent children to age 26: 100% of Employee Coverage Amount; guarantee issue is 100% of Employee Coverage Amount
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KEY FEATURES OF THE CRITICAL ILLNESS INSURANCE PLAN:
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NEW! $50 per insured Be Well Benefit per year
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You are paid cash quickly.
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You can use the money for whatever you would like.
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It does not matter what medical plan you have.
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*Critical Illness insurance premium will be based on your age and covered family members at the time of purchase/enrollment. Please see these calculated rates on Paycom at the time of enrollment
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