Solving the U.S. Life Insurance Crisis: Parents consider it extremely important to have life insurance, found the 2013 State Farm Life Insurance survey. But 95 million Americans have no life insurance coverage at all, according to LIMRA. What does this mean for your employees? The lack of life insurance could mean financial ruin for a...
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Test Your Life Insurance Knowledge
How much do you know about life insurance? Take the following quiz to find out: Life insurance is the most com- monly offered employee benefit, after health insurance. True or false? ANSWER: True. According to the Bureau of Labor Statistics, 57 percent of all workers in private industry have access to life insurance benefits. Seventy...
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Group Dental Insurance: A Benefit to Sink Your Teeth Into
At a time when many employers can barely afford medical insurance, why provide group dental insurance? Consider the following: Dental insurance promotes health. Dental health affects much more than an individual’s looks. The American Dental Association reports that studies have linked oral bacteria to heart disease, stroke, diabetes and the birth of pre-term, low-birth-weight babies....
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AD&D Insurance: Pros and Cons
Accidental injuries rank as the fifth leading cause of death in the U.S. Accidental death and dismemberment (AD&D) insurance can give your employees financial assistance when the unexpected happens. AD&D insurance can be a valuable and low-cost addition to your current benefits package. But before offering AD&D coverage, it’s important to understand what AD&D covers...
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Pet Insurance for Employees?
Do your employees need insurance for their four-legged family members? Many studies have shown the positive benefits of having pets. Your employees would likely agree. If they’re like most Americans, 39 percent have at least one dog and 33 percent have at least one cat. And many Americans consider their pets as family members. Love...
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Employee Benefits for an Aging Workforce
Researchers predict that one-third of the U.S. workforce will be age 50 or older by 2016. (Heidkampe, Mabe & DeGraaf, 2012). By 2050, the U.S. Census Bureau predicts that workers age 65 and older will make up 19 percent of the total U.S. workforce. Mature workers offer companies many advantages: experience, commitment and a strong...
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Managing Retirement Plan Fees and Expenses
Fees and expenses can have a substantial effect on your employees’ retirement savings. This makes understanding and evaluating the fees and expenses associated with retirement plans are an important part of a fiduciary’s responsibility. Why Consider Fees? A variety of plan fees and expenses may affect your organization’s retirement plan. These fees and other expenses...
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Vision Insurance Plans: Inexpensive and Effective
According to the U.S. Department of Labor’s National Compensation Survey, only 25 percent of workers have access to employer-provided vision care benefits. Employers that fail to offer vision insurance plans due to cost could be making a mistake, however, since vision benefits have big payoffs in terms of improved health and productivity. Companies that offer...
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Voluntary Life Insurance Can Help Women Bridge the Insurance Gender Gap
The MetLife Employee Benefits Trends Study found that 54 percent of employees are interested in having life insurance available through the workplace, even if they have to pay the entire cost themselves. Making insurance available through the workplace, including with voluntary programs, can help eliminate a dangerous financial problem for many women: inadequate life insurance....
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Employee Dental Insurance for Every Budget
Dental health coverage is the second most requested benefit—right behind medical insurance. With a variety of plan types, any employer can find an affordable dental insurance plan to enhance its benefit package. A fully insured dental plan typically costs no more than 10 percent of the cost of medical coverage, and annual increases are much...
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