This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cigna Expands Group Voluntary Product Offerings

As the cost of healthcare benefits continue to rise, 1 more employers are looking for ways to control costs. 2 In some cases, employers find offering voluntary benefits, which are paid for by the employee but cost less than similar coverage purchased individually, helps assure they can offer a competitive benefits package and retain the best talent. Even with major medical coverage, unexpected costs associated with an accident or critical illness can stretch a family’s financial resources and cause only more heartache. That’s why Cigna's group voluntary product suite now includes Accidental Injury and Critical Illness coverage.

“When unexpected events strike a family, the potential financial impact can worsen the emotional strain,” said Mike Witwer, vice president, Cigna Voluntary. “Cigna Accidental Injury and Critical Illness voluntary insurance help provide added protection, when it’s needed most.”

For example, when a major illness strikes, even with underlying comprehensive medical coverage, out-of-pocket costs have to be paid for treatment and recovery, along with any uncovered expenses associated with being ill. Heart disease and stroke alone can cause among the highest expenses. 3 Cigna Critical Illness voluntary insurance offers coverage that helps provide additional financial protection so employees and their families can focus on getting better.

Likewise, serious accidents can disrupt a household. According to the National Safety Council, approximately one in eight Americans seeks medical treatment for accidents every year. 4 Cigna Accidental Injury voluntary insurance offers coverage to help provide the financial protection needed to help with out-of-pocket expenses from life's unexpected events.

“As current and potential employees evaluate their career path, companies may find offering voluntary benefits to bolster their benefit packages can help provide a competitive advantage to attracting and retaining the best talent,” Witwer said.

At this time, Cigna’s Group Critical Illness and Accidental Injury products are available for employers with 250 to 5,000 employees in most states. Cigna's full suite of group voluntary products includes group universal and term life, accidental death and dismemberment, disability, accidental injury, critical illness, dental and vision. Cigna provides the tools and resources that make it easy for employees to enroll and employers to manage voluntary benefits.

About Cigna

Cigna Corporation (NYSE:CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has approximately 71 million customer relationships throughout the world. To learn more about Cigna ®, including links to follow us on Facebook or Twitter, visit

1Further Acceleration in US Healthcare Cost in February 2012,” Standard and Poor’s press release, April 19, 2012

2 “Bouncing Back,” by Eastbridge Consulting Group, Inc., 2012

3 Himmelstein D, Thorne D, et al. “Medical Bankruptcy in the United States: Results of a National Study.” American Journal of Medicine 2009.

4 National Safety Council, Industry Facts Summary 2011

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 0.00%
FB $117.43 0.00%
GOOG $692.36 0.00%
TSLA $232.32 0.00%
YHOO $36.01 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs