ST. PAUL, Minn.--(BUSINESS WIRE)--Securian Financial is adding new reproductive health benefits to its group critical illness insurance product, part of its growing suite of supplemental health insurance available through workplace benefit packages. The enhancements bring modern, inclusive support to employees navigating some of life’s most personal journeys.
Critical illness insurance provides employees with a lump-sum cash benefit when they are diagnosed with a covered medical condition. The benefit is paid directly to the employee, who can use it to offset out-of-pocket medical bills, household expenses or other financial needs. Employers can offer this coverage as a voluntary benefit, providing meaningful protection to employees with little to no employer cost.
With the new enhancements, Securian’s critical illness insurance—issued by Securian Life Insurance Company—now provides coverage for key reproductive health conditions, including:
- Premature menopause
- Egg and sperm harvesting
- Abnormalities of the uterus, fallopian tubes or ovaries
- Disorders of the reproductive organs (for both men and women)
- Viral or bacterial reproductive infections
“Reproductive health is an essential part of overall well-being, yet employees often struggle to find affordable, accessible support when they need it most,” said Lydia Jilek, Securian Financial vice president for Employee Benefits Solutions. “By enhancing our critical illness insurance, we’re helping employers provide benefits that meet the realities of today’s workforce—support that is inclusive, compassionate and competitive in attracting and retaining talent.”
Meeting a growing workforce demand
The need for reproductive health benefits is clear and growing:
- One in six people worldwide and one in eight U.S. couples face fertility challenges1
- Premature menopause is 3-4 times more prevalent than once thought and often goes untreated2
- 83% of Gen Z and 77% of Millennials say family-building benefits are important when considering an employer3
- Employees with access to fertility benefits are 1.5 times more likely to recommend their employer to others1
“Delays in starting families due to career and financial priorities, coupled with medical realities, are driving increased reliance on reproductive health services,” said Jilek. “At the same time, reducing stigma around infertility and menopause means more employees are seeking care—and turning to workplace benefits for support.”
A competitive edge for employers
“By expanding coverage to include reproductive health, Securian Financial is helping employers differentiate their benefit offerings in a competitive labor market,” added Jilek. “These enhancements reflect our continued investment in supplemental health benefits and our commitment to supporting the diverse needs of today’s workforce.”
Securian Financial offers supplemental health benefits, including accident, critical illness and hospital indemnity insurance, to employers nationwide issued by its subsidiary, Securian Life Insurance Company. The company is also the nation’s third-largest direct writer of group life insurance.4
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