Unum Group UNM

Unum Group, incorporated on March 22, 1995, is a provider of financial protection benefits in the United States and the United Kingdom. The Company's products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate. Its Unum US segment includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. Its Unum UK segment includes insurance for group long-term disability, group life, and supplemental lines of business, which include dental, individual disability and critical illness products. Its Colonial Life segment includes insurance for accident, sickness, and disability products, life products, and cancer and critical illness products issued primarily by Colonial Life & Accident Insurance Company and marketed to employees, on both a group and an individual basis, at the workplace through an independent contractor agency sales force and brokers. Its Closed Block segment consists of other insurance products. Its principal operating subsidiaries in the United States are Unum Life Insurance Company of America (Unum America), Provident Life and Accident Insurance Company (Provident), The Paul Revere Life Insurance Company (Paul Revere Life), and Colonial Life & Accident Insurance Company, and in the United Kingdom, Unum Limited.

Unum US Segment

The supplemental and voluntary lines of business consist of individual disability, voluntary benefits, and dental and vision products. Unum US products are issued primarily by Unum America and Provident. The Company sells group long-term and short-term disability products to employers for the benefit of employees. Group long-term disability provides employees with insurance coverage for loss of income in the event of extended work absences due to sickness or injury. The Company offers services to employers and insureds to facilitate rehabilitation, retraining and re-employment. The Company also offers administrative services only (ASO) products, where the responsibility for funding claim payments remains with the customer, and fee-based family medical leave products. The Company's group life and accidental death and dismemberment products are sold to employers as employee benefit products. Group life consists primarily of renewable term life insurance with the coverages linked to employees' wages and includes a provision for waiver of premium, if disabled. Accidental death and dismemberment consists primarily of an additional amount payable if death or severe injury is attributable to an accident.

The Company's individual disability products are offered primarily to multi-life employer groups to supplement their group disability plans. Individual disability insurance provides the insured with a portion of earned income lost as a result of sickness or injury. Voluntary benefits products are primarily sold to groups of employees through payroll deduction at the workplace and include life, disability, accident, hospital indemnity, cancer, and critical illness offered on both a group and individual basis. Group dental and vision products are sold to employers as employee benefit products. Individual dental and vision products are offered to individuals through independent agents and direct-to-consumer channels. Its dental products include a range of insured and self-insured dental care plans, including preferred provider organizations and scheduled reimbursement plans.

Unum UK Segment

Unum UK's products are issued primarily by Unum Limited and are sold in the United Kingdom through field sales personnel and independent brokers and consultants. Group long-term disability products are sold to employers. Group long-term disability provides employees with insurance coverage for loss of income in the event of extended work absences due to sickness or injury. Group life products are sold to employers as employee benefit products. Group life consists of two types of products, a renewable term life insurance product and a group dependent life product. Supplemental products are sold to individual retail customers as well as groups of employees and include individual disability, group and individual critical illness, and group dental. Individual disability products provide the insured with a portion of earned income lost as a result of sickness or injury. Group dental products generally provide fixed benefits based on specified treatments or a portion of the cost of the treatment.

Colonial Life Segment

The Company's Colonial Life segment is focused on delivering a set of voluntary products and services in the public sector market and in the commercial market, with a particular focus on the core commercial market segment. The accident, sickness, and disability product line consists of short-term disability plans, as well as accident-only plans providing benefits for injuries on a specified loss basis. It also includes accident, health, and dental plans covering hospital admissions, confinement, surgeries, and dental services on an indemnity basis. Life products primarily consist of universal life, whole life, and term life policies. Cancer policies provide various services for the treatment of cancer, including hospitalization, surgery, radiation and chemotherapy.

Closed Block Segment

The Other insurance products include group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations. The Closed Block Segment also includes other miscellaneous product lines.