Why Group Life Insurance Matters

Why Group Life Insurance Matters

…A case study While the sun shines For the sake of this outline, the employer will be called Company, the employee will be called Arthur, his spouse, Angela, and his daughter, Anne. Arthur is a professional in his field and accepted a position at Company in the fall....
Why Group Life Insurance Matters

Mandatory verses Non-Mandatory Plans

…and the corporate policy There are a multitude of reasons why an employee group benefit plan SHOULD be set up as “mandatory” benefits. Mandatory means all hired, eligible, full-time employee, working more than 20-hours a week (unless the contract stipulates...
Why Group Life Insurance Matters

Disability Insurance

Does your benefits package align with YOUR business strategy, culture, and compensation. When expenses outweigh income potential If you are fortunate enough to be a member of an employer-sponsored group benefits plan, you are no doubt familiar with the extended health...
Why Group Life Insurance Matters

Undeclared

… incomplete and inaccurate … lack of disclosure We’re not alone in stating that loss of a loved one is tragic, made all the more acute when due to a clerical error or undisclosed pertinent information, the expected insurance is no longer payable. Too often the...
Why Group Life Insurance Matters

Balancing Act

Whenever there is an employee group benefit program in place, corporate ownership and plan administration must always weight the pros and cons. Typically the cost of providing a benefit to the return on that investment. This runs into a bit of a looped narrative as...
Why Group Life Insurance Matters

REMINDERS on Disability in your Benefit Plan

Connecting communication strategies to business (benefit) objectives, recruitment, retention, safety, and productivity requirements are necessary to effectively drive the overall purpose of the organization. …that’s where there’s “power” in...