Tag Archives: benefits

Not sure if your employees need life insurance?

For many people, life insurance is an afterthought, and often employees don’t realize the importance of getting a proper plan. On the other hand, those who do apply for it usually have to face tons of paperwork and the risk of paying exorbitant amounts of money. This issue can be due to the nature and complexity of insurances in general; misinformation from those who sell it, and ultimately it’s not a topic that people would rather talk about and discuss with their family members. The truth is, life insurance is one of the pillars of personal finance! That’s why employer-sponsored group plans can be an especially attractive benefit for prospective employees.

With the proper guidance from the right insurance company, such as Lewis & Palmer, we make it possible to simplify the decision-making process and choose the right insurance plan for employees, employers, and their families. Here are three reasons why this is important:

1. Makes Your Employees (and their families) Feel Safe
Offering life insurance plans to your employees is a way to let them know that you care and if something happens to them, their family can be financially supported and protected. Many employees might feel intimidated by the thought of something happening to them, and for that reason, it’s important to offer a proper training. Teaching employees about the importance of life insurance will help to increase loyalty to the company as they better appreciate this benefit.

2. Keeps Your Employees Happy & Satisfied
Instructing employees on the importance of obtaining life insurance through your group plan can help increase awareness, boost loyalty, and support hiring and retention initiatives. If you offer proper insurance plans, the chances are that they will remain working for you in a grateful way because they would have a good backup plan which the can rely on. As a matter of fact, many employees when looking for a job make sure that the company offers insurance plans; if you don’t offer them, potential employees are more likely to move on and find another job offer.

3. Improves Employees’ Productivity
An ideal health status can impact an employee’s financial situation and increase productivity at work. According to the MetLife study, employees in bad health are more likely to report financial concerns. Once your employees feel safe and satisfied with the insurance plans you offer them; their productivity will increase because they will put their best effort to keep a job that gives them exactly what they need. One of the secrets of being a great employer and business owner is to keep your employees happy and safe as well as maintaining healthy relationships within the workplace.

As a conclusion, with the proper life insurance plan (among other group benefits) employees, will improve their financial and physical standing, wich will strengthen their relationship with their employers and this will result in greater retention, loyalty and increased productivity. In turn, having a committed and productive workforce will also help businesses reach their goals and achieve long-term success.

Does your organization offer life insurance as an employee benefit? Let Lewis & Palmer be part of your decision-making process! We can help you determine the best way to offer coverage that fits your budget and meets your employees’ needs.

The Great Importance of Life Insurance Plans for Employees

For many people, life insurance is an afterthought, and often employees don’t realize the importance of getting a proper plan. On the other hand, those who do apply for it usually have to face tons of paperwork and the risk of paying exorbitant amounts of money. This issue can be due to the life insurance’s complexity, misinformation from those who sell it or probably because it’s not a topic that people would rather talk about and discuss with their family members. The truth is, life insurance is one of the pillars of personal finance! That’s why employer-sponsored group plans can be an especially attractive benefit for prospective employees.

With the proper guidance from the right insurance company, such as Lewis & Palmer, it is possible to simplify the decision-making process and choose the right insurance plan for employees, employers, and their families.

Here we are some reasons why it is important to offer life insurance plans to employees:

1. It makes Your Employees Feel Safe

Offering life insurance plans to your employees is a way to let them know that you care and if something happens to them, their family can be financially supported and protected. Many employees might feel intimidated to the thought of something happening to them, and for that reason, it’s important to offer a proper training. Teaching employees about the importance of life insurance will help to increase loyalty to the company as they better appreciate this benefit.

2. It keeps Your Employees Happy & Satisfied

Instructing employees on the importance of obtaining life insurance through your group plan can help increase awareness, boost loyalty, and support hiring and retention initiatives. If you offer proper insurance plans to your employees, the chances are that they will remain working for you in a grateful way because they would have a good backup plan which the can rely on. As a matter of fact, many employees when looking for a job make sure that the company offers insurance plans; if you don’t offer them, potential employees are more likely to move on and find another job offer.

3. It improves Employees’ Productivity

An ideal health status can impact an employee’s financial situation and increase productivity at work. According to the MetLife study, employees in bad health are more likely to report financial concerns. Once your employees feel safe and satisfied with the insurance plans you offer them; their productivity will increase because they will put their best effort to keep a job that gives them exactly what they need. One of the secrets of being a great employer and business owner is to keep your employees happy and safe as well as maintaining healthy relationships within the workplace.

As a conclusion, with the proper life insurance plan (among other group benefits) employees, will improve their financial and physical situation, wich will strengthen their relationship with their employers, and this will result in greater retention, loyalty and increased productivity. In turn, having a committed and productive workforce will also help businesses reach their goals and achieve long-term success.

Does your organization offer life insurance as an employee benefit? Let Lewis & Palmer be part of your decision-making process! We can help you determine the best way to offer coverage that fits your budget and meets your employees’ needs.

Employee benefits programs for small business owners

When your business is in its early stages of growth, employing between 2 and 99 employees, the opportunity exists for you to establish what type of company you are in your staff’s mind. One of the primary ways they’ll form their conclusions relates to the type of benefits they’re offered. Small business employee benefits programs can offer a variety of coverage types and levels, but your staff will welcome any plan options over none at all.

Many people find themselves going from self-employed to working for a company, not for the additional earnings but for the health benefits available for employees. There are a multitude of benefit types available and most insurance companies will work with you to develop packages that reflect the demographics and desires of your staff.

Typical employee benefits types offered by small businesses:

  • Health
  • Disability
  • Life
  • Dental
  • Vision

Every insurance plan you offer doesn’t have to be compulsory, in fact, many will be optional. The self-selected benefit packages that your staff may choose to opt into are known as voluntary benefits. In most cases you, as the small business owner, will have a number of conversations with your insurance benefits provider to determine what type of products are going to be best for your employees relative to your allocated benefits budget.

Your insurance provider will also assist you after the enrollment process. They’ll also be there to assist you with any billing concerns you or your staff may have.

Certainly, in the arena of insurance coverage, there is power in numbers. Every employee in the company can expect to pay less and enjoy a higher level of service with a group employee benefits package than they would had they opted to pay for their own insurance plan out of pocket.

If you’re a small business owner, talk to us about a benefits package that fits your budget.