Life insurance is a contract between you and an insurance company. In exchange for premium payments, the company pays a sum of money, known as thelife insurance death benefit, to your beneficiaries when you die. Beneficiaries may include your spouse, children, or other people or entities you ...
Employee benefits are important to consider — especially when evaluating a job offer — because they can help provide: Financial security: Benefits like retirement plans, health insurance, disability insurance, and life insurance can help provide financial safeguards and assistance. They can help you...
Group insurance is coverage issued to a group of members as part of an employee benefits package, rather than insurance you purchase on your own. If you’ve ever enrolled in health, dental, vision, or other insurance coverage through your work, then you’re familiar with the concept of ...
Whole life insurance is also useful for businesses as a contingency plan for the loss of a key employee or partner. If a key employee passes away, a whole life policy can provide a financial offset to the loss of their skills or expertise. If the deceased is part owner of the company,...
and choose a policy yourself, especially for simpler term life insurance policies. But if you have more complex life or financial planning needs, an experienced independent agent or fee-based financial advisor could help you narrow down what policy types or coverages work best for your situation....
“Prioritizing your health first and foremost will make you a better employee and person,” said Monahan. “You will miss less work, and when you are there, you will be happier and more productive.” Prioritizing your health doesn’t have to consist of radical or extreme activities. It can...
How does whole life insurance work as an investment? Whole life insurance functions as both life insurance and an investment because it includes a cash value component that grows over time, usually at a guaranteed rate. A portion of each premium payment goes towards this cash value, which can...
A healthy employee work life balance drives engagement, productivity, & retention. Discover why it matters & how can you support employees.
A healthy employee work life balance also drives engagement, productivity, and retention. Why does it matter and how can you support employees to get the balance right? Rewind to pre-2020, before the pandemic. The way we defined – and approached – balancing our work lives with our personal...
Why does our best talent leave? Does our exit program create a positive experience? Back to Top .04 Improving the Employee Experience at Each Stage of the Employee Life Cycle Making improvements to the employee experience can begin with a simple thought exercise. Imagine an employee's path ...