Sunday, May 13, 2012

Why Disability Insurance Through The Workplace


Last week we talked about disability insurance as being insurance for paychecks.  Disability is an unpredictable event and it has a tremendously negative impact financially.  After the limited paid personal leave time and even more limited personal savings of most individuals and families, things can get very tough financially.
As an employer, one of the most valuable benefits you can provide to your employees is disability insurance.  Our employee benefit solutions include disability insurance and discount plans aimed at helping employees protect their income.  Additionally, we offer the following built in benefits:
 ü Ease of underwriting – makes it easier for employees to obtain coverage
ü  Payroll Deducted – easy to build into the budget
ü  Portability – employees can take their coverage with them if their employment changes
Disability insurance can be offered on a voluntary basis or with an employer funded benefit bank.  Coverage is available for up to 66 and 2/3rd of their monthly income and we can customize how the coverage is offered. 
During the enrollment process, a benefits counselor assists each employee in selecting a plan based on their monthly income, expenses, available savings, paid leave time, and other available resources.  Our 1 to 1 benefits counseling method allows each employee access to a dedicated professional who can help them analyze their specific needs.  As a result, they purchase only based on their individual needs.
This benefit can be offered at no cost to the employer.  If you would like to learn more about our different approach to employee benefits, let us know.  Our approach is based on providing real value through benefits that help both the employer and its employees.  

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