Guardian Life Insurance Company of America is making a benefits value rollover option available for another type of product.
The New York-based company has built a Rainy Day Fund value rollover feature into its voluntary accident insurance policy.
A worker who buys a new Guardian Accident Insurance policy can use up to $500 from the fund each year to cover insurable costs beyond the policy's coverage limitations. A worker could, for example, use the $500 to pay for extra physical therapy sessions, Guardian says.
A worker who avoids using all of the $500 in one year can keep the unused value in the Rainy Day Fund. A worker can accumulate up to $1,000 in fund value, according to Guardian.
(Related: Guardian Develops New Dental Max Options)