(NEW FOR 2025!)
VOLUNTARY BENEFITS
CastleWorks is pleased to offer you additional insurance and income protection for you and your family. We recognize that each employee has different needs and that’s why CastleWorks is offering several different plan options for you to choose from. These benefits are voluntary, which means they are employee-paid. Below is just a summary of the different plan offerings.
Critical Illness
Specified Illness through Principal provides a financial, lump sum benefit payment to employees upon a diagnosis of a covered illness. These covered illnesses are typically very severe and likely to render the affected person incapable of working. Because of the financial strain, these illnesses can have on individuals and families, critical illness insurance is designed to help ill employees pay their mortgage, seek experimental treatment, or handle unexpected medical expenses. Some covered illnesses for which employees can elect coverage include, but are not limited to, heart attack and stroke coverage.
Hospital Indemnity
Hospital Indemnity coverage is through Principal. Becoming hospital-confined can be very expensive even for those with the best medical plans. Hospital Indemnity will pay for out-of-pocket costs related to admission to the hospital or ICU and then a daily benefit per day you're confined.
Individuals with high deductible plans are ideal candidates for this type of coverage.
