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March 27, 2003 at 07:00 PM
NU Online News Service, March 27, 2003, 4:13 p.m. EST – UnumProvident Corp., Chattanooga, Tenn., has introduced an individual universal life insurance policy designed for the worksite benefits market.
Employees who want the coverage will pay for it themselves through a payroll deduction program.
UnumProvident is offering the voluntary UL program to employers with 25 or more employees. Participating employers can adopt the program as a stand-alone benefit, or they can combine it with an employer-paid group term life program, UnumProvident says.
