Search

A father and his two sons

Voluntary benefits

Our voluntary benefits are designed with you in mind, offering secure protection and peace of mind for life’s unexpected moments. Our benefits are paid directly to you, and you can use the money any way you choose. Whether you need to cover co-pays, pay rent or car payments, or use it for childcare costs, the choice is yours.

What are voluntary benefits?

Accident insurance

Pays you benefits for specific injuries and events resulting from a covered accident. Benefit amounts vary depending on the type of injury and care received.

Critical illness insurance

Pays a lump-sum benefit if you are diagnosed with a covered illness or condition such as a heart attack, stroke, or cancer.

Hospital indemnity insurance

Pays a daily benefit if you have a covered stay in a hospital, intensive care unit, or rehabilitation facility.

Why choose voluntary benefits through your employer?

Use the payment for what you need

Once you receive your payment, you can use the money any way you choose. Whether covering your deductible, paying out-of-pocket expenses due to an accident, or other personal expenses.

Easy access to your payment

You can file a claim online in a matter of minutes. Also, in some cases, we will pay you benefits without requiring medical records and additional paperwork. 

Take the coverage with you

If you decide to leave your current employer, your coverage is portable, meaning you can takea it with you and make premium payments directly.

Talk to your employer to learn more about how New York Life Group Benefit Solutions voluntary products can help protect you and your family in life’s unexpected moments. 

Product availability may vary by state and is subject to change. Voluntary benefit products are not available in New York.

Accident Insurance, Critical Illness Insurance, and Hospital Indemnity Insurance are limited benefit policies. Accident insurance pays benefits for accidents only. These products are not health care insurance and do not satisfy the requirement of minimum essential coverage under the Affordable Care Act. New York Life Group Benefit Solutions’ Accident Insurance, Critical Illness Insurance, and Hospital Indemnity Insurance are underwritten by New York Life Insurance and Annuity Corporation, a subsidiary of New York Life Insurance Company. Policy provisions and product availability may vary by state. Policy forms: Accident-(GBS-AI-1000.00) et al; Critical Illness- (GBS-CI-1000.00) et al; Hospital Indemnity (GBS-HI-1000.00) et al. 

New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY.