Why should an employer offer a Voluntary Life Plan?
Attract and retain top employees. Labor market competition for exceptional talent requires an employer to design the best benefits program possible to retain top employees. Financial security provided through Voluntary Group Term Life is a critical, integral component of an employers benefits program. Low cost to employees. Low group rates are competitive and affordable. Life insurance consultants recommend that the primary breadwinner carry life insurance in excess of ten times his or her annual salary. A Voluntary Group Term Life plan is an inexpensive way for employees to purchase high-dollar coverage got just pennies a day. They receive adequate life insurance to protect themselves, their loved ones, and their assets in the event of an untimely loss of life. No cost to employer. Employers can offer their employees high-dollar Group Term coverage at low group rates. Voluntary Group Term Life is paid for entirely by the employee, with no cost to the employer. Flexible plan design. DB
