Unum Group launches Unum Pet Insurance
Unum Group, a leading provider of financial protection benefits, has launched Unum Pet Insurance in partnership with Nationwide. The pet insurance offering aims to provide coverage for pets' accidents, illnesses, wellness, and preventative care, addressing the rising costs of pet ownership. With seamless integration into Unum's voluntary benefits portfolio, the program enhances overall employee engagement and satisfaction. Unum Pet Insurance also covers emergency boarding costs, lost pet support, mortality expenses, and offers optional wellness coverage. Nationwide, with over 40 years of experience, supports the initiative, making pet insurance an attractive benefit for today's workforce.
Unum Group expands its voluntary benefits portfolio with the introduction of Unum Pet Insurance, offering comprehensive coverage for pets' health needs.
Partnership with Nationwide, a leading pet insurance provider with over 40 years of experience, strengthens Unum Group's position in the growing pet insurance market.
Unum Pet Insurance addresses the increasing demand for pet-related benefits in the workforce, enhancing employee engagement and satisfaction.
Despite the benefits, there may be limitations in coverage or exclusions in the policy that could potentially impact the overall effectiveness of the insurance.
The optional wellness coverage and reimbursement options may involve additional costs for employees, which could affect their decision to enroll in the program.
Unum Pet Insurance is provided by Nationwide, the pet insurance industry leader with more than four decades of experience and over a million pets protected. Research shows that pet insurance is quickly becoming one of the most desired benefit offerings for today's workforce. As the costs of pet ownership continues to rise, Unum Pet Insurance can help employees manage everything from accidents to illnesses to wellness and preventative care, while also helping employers boost overall engagement and satisfaction with their benefits. Unum Pet Insurance is a seamless solution for offering pet insurance alongside your Unum voluntary benefits.
"We are thrilled to be rounding out our voluntary benefits portfolio with the addition of Unum Pet Insurance," said Tim Arnold, Unum Group's executive vice president of voluntary benefits and president of Colonial Life, a Unum Group company. "As workforce needs and employee expectations evolve, we must too. Employees want more than protection for themselves — they want to ensure their families are cared for as well. For employers, it is important to remember that everyone defines family differently, and for many, pets are just as important as any other member of the household. Unum Pet Insurance ensures that we're meeting employees where they're at and fulfilling our purpose of helping the working world thrive throughout life's moments."
Unum Pet Insurance covers the big stuff, the small stuff and everything in between. Key coverage features include:
- Usable through any licensed veterinarian, with anytime mobile claims and digital payments
50% and70% reimbursement options available- VetHelpline® – 24/7 access to live veterinary professionals via video consultation
- Discounts on eligible pet prescriptions available through participating pharmacies
- Coverage for emergency boarding costs if a human in the house is hospitalized for illness or injury
- Optional Wellness coverage for non-accident and illness related costs like physicals, vaccines, flea and tick, microchipping, deworming, etc.
- Lost pet support – Coverage for advertising costs and rewards for finding a lost pet, plus additional coverage if the pet isn't found within two months
- Mortality (life insurance) – Coverage for euthanasia, cremation and burial, and original pet cost (all up to a combined
)$1,000
Nationwide, the provider of Unum Pet Insurance, originated pet health insurance in the
"Employers are looking for every lever to keep their best employees and attract top talent, and research shows that offering pet-related benefits provides that competitive advantage," said Melissa Lovely, Vice President of Sales for Nationwide pet insurance. "Offering pet health insurance as a voluntary benefit is a win/win for employer and employee. It demonstrates that the company is invested in the wellbeing of the whole family, and it makes it easier and more affordable for employees to protect their beloved pets. This partnership between Nationwide and Unum positions our industry-leading companies to support a greater number of pet-owning employees and provide more care for more pets."
Learn more about Unum Pet Insurance here.
ABOUT UNUM GROUP
Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support; and behavioral health services. In 2023, Unum Group reported revenues of more than
Visit the Unum Group newsroom for more information, and connect with us on LinkedIn, Facebook, and Instagram.
About Unum Pet Insurance
Pet insurance plans are marketed by Unum Insurance Agency, LLC, a licensed insurance agency. For the complete licensing information of Unum Insurance Agency, LLC, refer to www.unum.com/pet-insurance-state-licensing. "Unum Pet Insurance" is a marketing name used by Unum Insurance Agency, LLC. Unum Insurance Agency, LLC is a subsidiary of Unum Group and is not a Nationwide business or affiliate.
About Nationwide pet insurance
With more than 1.2 million insured pets, Nationwide is the first and largest provider of pet health insurance in
About Nationwide
Nationwide, a Fortune 100 company based in
Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2024
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SOURCE Unum Group
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