Insurance Solutions Pt. 2

insurance-solutions-2


If you haven’t had a chance to read through Part One of our Insurance Solutions mini-series, check it out here. As we wrap up the conversation, we are going to chat and chew about the importance of Legal & Identity Theft Protection, as well as Career Protection in our everyday lives.

LEGAL & IDENTITY THEFT PROTECTION

Fighting a legal battle on your own can be an extremely daunting experience. On the other hand, having the ability to contact a lawyer at a moment’s notice has its perks. From smaller issues, like a speeding ticket, to more complex ones like divorce or adoption, legal protection can offer you peace-of-mind inside and outside the court room.

Another experience that can cause a big ripple effect is identity theft—an estimated 9 million Americans are affected each year, according to the Federal Trade Commission (FTC). In today’s digital world, our personal information (name, Social Security Number, date of birth, address, etc.) is more vulnerable than ever. Nowadays, you can login to any site through your Facebook or Twitter account; however, despite how convenient it is, try and avoid allowing other websites or apps to connect this way. It grants permission to see and use your personal information, which opens more doors to potential malicious activity that you will never see coming. Soon enough, you’re dealing with potential threats to your personal information.

While the thought is scary enough, the severity of identity theft will never fully be understood unless you experience it; the financial, criminal, and emotional consequences it has will need more than a pint of ice cream to repair the damage. Even more, people are stealing the identities of friends and family to gain access to health care services! Read more in this article from the latest publication of our newsletter, Compass Connection.

Compass Rose Benefits Group teamed up with LegalShield to offer ALL Active Federal employees comprehensive legal services for only $15.95 a month. With access to a variety of legal services, including advice, attorney letters or calls of your behalf, contract and document review, plus more, having a lawyer in your back pocket has never felt better—or affordable! For added security, members can combine legal coverage with our Identity Theft Protection Plan for only $9.95 more! Learn more at www.compassrosebenefits.com/Legal and start protecting you and your family today!

CAREER PROTECTION

When you spend the majority of your life working hard to build a career, the last thing you want is for it to come crashing down—especially out of nowhere. In any workforce, you can face allegations of misconduct and wrongdoing, despite the fact that you are clearly working within the scope of your employment. If a claim is made against you—even if the allegations is baseless—will you be protected from the potential consequences?

In order to help provide peace-of-mind at an affordable rate, Compass Rose Benefits Group partnered with Wright USA to offer ALL Active Federal employees Professional Liability Insurance (PLI). With four coverage options available, you can rest easy knowing you’re covered if a claim is made against you! Learn more today about career protection at www.compassrosebenefits.com/Career.

Overall, the most important thing to remember is that insurance it’s not necessarily for you, but instead, the ones you love the most. No matter where you are in life—whether you are single, have a family, bought a new home, started a new career, or are caring for your aging parents—there’s always the potential risk that something can go wrong. So, make sure when something does happen, you and your family are prepared.

Insurance Awareness

insurance-image


For over 65 years, Compass Rose Benefits Group (CRBG) has provided affordable insurance solutions to members and their families—offering peace-of-mind, no matter what direction life takes them. CRBG strives to not only protect its members, but also inform them on why insurance is so important in their daily lives.

In recognition of Insurance Awareness Day, we have created a two-part segment for our readers. In this first segment, let’s chat and chew about how health, life, and accident insurance can serve as a lifeline for your loved ones in the event of sickness, injury or loss.

HEALTH INSURANCE

Contrary to many beliefs, our cell phones carry more germs than a toilet seat. That finding alone should convince everyone of the importance of health insurance—even if you are in good health! The fact is, since we likely won’t do away with our cell phones, we are constantly at risk of being exposed to harmful bacteria. That’s just one example though—realistically, we probably need to be more worried about losing service than falling ill from using our phones.

However, there are thousands of other ways you might end up in the doctor’s office or hospital, and while the cost of basic care can quickly add up, the price tag for major illness or injury can be catastrophic. Whether you’re suffering from a head cold or chronic illness, good health insurance gives you the freedom to seek medical care without the overwhelming devastation of high medical bills and/or mediocre treatment options. The bottom line is, you never know when you or someone in your family might have an accident or get sick. When a broken bone could run you anywhere from $2,500 to $3,500 to fix, why chance it?

Explore what the Compass Rose Health Plan has to offer you and your family! Our coverage is available for Active and Retired Federal employees of the Intelligence Community, Department of State, and Department of Defense. With the right plan, you can rest easy knowing any ‘what if’ moments are covered. Learn more at www.compassrosebenefits.com.

LIFE INSURANCE

While the topic of life insurance doesn’t make for good dinnertime conversation, it is extremely important to discuss. Simply put, life insurance isn’t meant for you—it is for those you leave behind. In life, you work hard to make sure you can provide for, protect, and pave the way for your loved ones; however, in the event you’re unable to fill that role – whether it’s due to sickness, injury or loss – life insurance gives surviving dependents the financial freedom to continue down the path you started.

At Compass Rose Benefits Group, we know the importance of protecting what’s most important, and we stand by our commitment to provide members with exceptional coverage! Our Group Term Life Insurance Plan through New York Life Insurance Company not only offers worldwide coverage for Acts of War and Terrorism, it has up to $500,000 of Term Life Protection with no salary limitations, and up to $100,000 of Spouse Protection available as well. Coverage is available for ALL Active Federal government employees. Learn more about all the great benefits of our plan, or apply with our NEW online application, at www.compassrosebenefits.com/Life.

ACCIDENT INSURANCE

Accidents can happen at any time and often when you least expect them – every 2 seconds at home, every 6 seconds at work, and every 9 seconds on the road.(1) You can’t plan for accidents, but you can be better prepared financially to handle them when they happen. In 2010, 37.9 million people—1 in 8 Americans—received medical attention for a nonfatal injury, and roughly 67 percent of all emergency room visits are the result of unintentional injuries.(1) At an average cost of $1,318 per visit,(3) it’s easy to see why having accident coverage makes good financial sense.

Recovering from an accident can be just as painful as it is expensive. This is why Compass Rose Benefits Group offers members Accident Protection, underwritten by Nationwide Life Insurance Company, designed to provide financial peace-of-mind against the risk of injuries or accidental death. Coverage is extended for business and leisure, even if injury or death is sustained through an Act of War and Terrorismanywhere in the world. This product is ideal for those going overseas on assignment. Learn more at www.compassrosebenefits.com/Accident.

It doesn’t take more than one unexpected circumstance to derail your journey, which is why it’s important to be prepared. No matter where you are in life, there’s always a way to increase protection for you and your loved ones. When things go wrong, feel relieved knowing you can deal with the issue head on and worry-free. While insurance can be seen as a necessary evil, you’ll be thankful if the time comes when it saves the day!

 References:

  • 1 National Safety Council, Injury Facts, 2012 Edition.
  • 2 American Hospital Association Resource Center, April 2012.
  • 3 Caldwell, N., Srebotnjak, T., Wang, T. et al. “’How Much Will I Get Charged for This?’ Patient Charges for Top Ten Diagnoses in the Emergency Department.” PLOS ONE. (February 27, 2013). Accessed March 2015.