Unum Group, a leading provider of financial protection benefits in the U.S, has officially announced the launch of Unum Pet Insurance service. According to certain reports, Unum Pet Insurance brings to the fore an assortment of plans that provide employees with coverage to help them take care of their pets. Powered by Nationwide, the pet insurance industry leader with more than four decades of experience and over a million pets protected, the stated service makes it possible for employees to manage everything from accidents and illnesses to wellness and preventative care. Not just that, another by-product that is likely to emerge here would be improved levels of employee engagement, as well as greater satisfaction among workers regarding their benefits. Talk about the whole value proposition on a slightly deeper level, we begin from how one can avail the promised coverage through anytime mobile claims and digital payments, with reimbursement options of 50% and 70% both available at launch. Markedly enough, you can also avail the service at any licensed veterinarian. Anyway, next up, we must get into presence of VetHelpline®, which delivers at your disposal a 24/7 access to live veterinary professionals via video consultation. Joining the same would be an offer of discounts on eligible pet prescriptions, available at select pharmacies recruited for Unum Pet Insurance service.

“We are thrilled to be rounding out our voluntary benefits portfolio with the addition of Unum Pet Insurance,” said Tim Arnold, 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.

Then, there is a prospect of coverage for emergency boarding costs, in case a human in the house is hospitalized for illness or injury. The service also has an optional Wellness coverage for non-accident and illness related costs like physicals, vaccines, flea and tick, microchipping, deworming, etc. Among other things, policyholders can access comprehensive lost pet support. By comprehensive, we refer to coverage for advertising costs and rewards for finding a lost pet. To go with that, one can also come expecting an extra piece of coverage, if their pet isn’t found within two months. Rounding up highlights would be mortality insurance where the service will provide coverage for euthanasia, cremation and burial, and original pet cost (all up to a combined $1,000).

Operating out of Tennessee, Unum Group has risen up the ranks by using its Unum and Colonial Life brands to offer disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support; and behavioral health services. The company’s excellence in what it does can be understood once you consider that, in 2023 alone, it reported revenues of more than $12 billion and paid approximately $8 billion in benefits. Making Unum’s case even stronger is, of course, its recognition as one of the World’s Most Ethical Companies, deemed by Ethisphere®.

“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.”