Unum Group launches Unum Pet Insurance

Provided through a partnership with Nationwide, Unum Pet Insurance can help employees manage everything from accidents to illnesses to wellness and preventative care.

(Image credit: Andrew S/Unsplash.)

Unum Group (Chattanooga, Tenn.), a provider of financial protection benefits in the U.S., has launched Unum Pet Insurance. Unum Group characterizes the new offering as rounding out its financial benefits portfolio, offering holistic protection for employees and their families, no matter what their family looks like. Unum Pet Insurance is provided by Nationwide (Columbus, Ohio), which a Unum statement calls 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, the Unum statement says. As the costs of pet ownership continues to rise, Unum says its Pet Insurance offering 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 describes its Pet Insurance as a seamless solution for offering pet insurance alongside Unum voluntary benefits offered by employers.

Tim Arnold, EVP, Voluntary Benefits, Unum Group, and president of Colonial Life.

“We are thrilled to be rounding out our voluntary benefits portfolio with the addition of Unum Pet Insurance,” comments Tim Arnold, EVP, Voluntary Benefits, Unum Group, 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 a range of risks, according to the Unum Group statement. Key coverage features include the following, as described by Unum:

  • Usable through any licensed veterinarian, with anytime mobile claims and digital payments
  • 50 percent and 70 percent 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)

    Melissa Lovely, Vice President of Sales, Nationwide Pet Insurance.

Nationwide, the provider of Unum Pet Insurance, originated pet health insurance in the U.S. more than 40 years ago and currently protects more than 1.2 million dogs, cats and exotic pets. Nationwide was also the first carrier to offer pet insurance as a voluntary benefit through brokers and employee groups more than 20 years ago. Unum Group says Nationwide’s wealth of knowledge and experience will support its efforts to fully protect workers and their families through the companies’ partnership in the Unum Pet Insurance offering.

“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, 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.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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