Liazon and Unum Partner to Offer Expanded Suite of Specialty Benefits
Private Exchange Consumers Now Have Access to Essential Financial Protection Products
BUFFALO, NY – February 17, 2015 – To continue delivering robust marketplaces featuring leading brands, Liazon, operator of the industry-leading private benefits exchange, Bright Choices®, has announced a partnership with Unum, one of the largest providers in the United States for group life and voluntary workplace benefits and the top provider of group disability products for 38 years. Unum’s products — including Life, Hospital, Accident, Critical Illness and Disability — will now be offered nationwide on Bright Choices and other Liazon-powered exchanges, to companies with 25 or more lives.
Through Liazon’s proprietary decision support technology, the new products from Unum will offer employees on Bright Choices and Liazon-powered Exchanges even greater protection. Additionally, when consumers select Unum’s financial protection products, they will be supported by market-leading claims and administration services, and their employers will be backed by 1,000 field sales and service professionals.
“Unum is committed to finding new and innovative ways for more employees to receive access to affordable and essential financial protection benefits,” said Chris Pyne, senior vice president of sales and client management, Unum. “We’ve partnered with Liazon because of our like-minded approach to provide quality products with exceptional guidance and support.”
“We’re proud to add Unum’s best-in-class Life, Disability, Accident and Critical Illness products to the suite of offerings in our Exchanges,” said Ashok Subramanian, CEO and co-founder, Liazon. “Our partnership with Unum is further validation of our mission to empower employees by offering greater choice in products and plans that are highly individualized and cost effective.”
Founded in 2007, Liazon Corporation operates the industry-leading private benefits exchange for businesses. Its flagship product, the Bright Choices® Exchange, is an online benefits store that is changing the way employers and employees buy benefits. Bright Choices helps employers manage their health care costs by setting predictable budgets through a defined contribution funding strategy while guiding employees to purchase better coverage of health, dental, vision, life, disability and other benefits. Advanced cloud computing infrastructure and robust security protection ensures continual access and safeguards confidentiality of data transmission. Liazon works with top national and regional insurance providers and supports businesses nationwide through a distribution network of leading broker partners. Liazon was acquired by Towers Watson, a leading global professional services company, in November 2013. To learn more about Liazon and the Bright Choices Exchange, go to www.liazon.com.
Unum is a leading provider of financial protection benefits through the workplace. The group disability insurance leader in the U.S. for 38 years, Unum’s portfolio of financial protection products also includes life, accident and critical illness, which help protect millions of working people and their families in the event of an illness or injury. In 2014, Unum paid $5.6 billion in benefits to more than 525,000 individuals and their families.