Types of Insurance

Whether your situation is best suited to an insured or an Administrative Services Only contract, we can design, install and maintain the most efficient group medical plan for your company.  Our relationships with over twenty of the nation’s strongest insurance companies allow us to tailor a plan that fits your needs, and your budget.  Additionally, we can assist you in providing local Third Party Administration, with financial accounting to accommodate your needs.

Most employees depend entirely upon their group term life insurance to handle their estate planning needs, which causes one of two problems. First, it is usually an inadequate amount. Second, the benefit goes away at retirement.

Payroll deduction life on a voluntary basis solves both problems. Employees can cover themselves, their spouses, their children, and even their parents or grandchildren. Administration is easy, and there is no direct cost to the employer. The employees still consider this to be an employee benefit. When they terminate or retire, they can keep their policy and pay the same premiums. Underwriting is either simplified or guaranteed depending upon the size of your staff and industry.

Long term disability, long term care, dental, cancer and other coverages can also be provided on an employee paid basis. Most of these plans can be deducted on a pre-tax basis which saves both the employee and the employer money.

Planning for post retirement income is important to everyone. For the employer, doing this without breaking the bank is important. Expert advice in plan design is critical. We can assist you in implementing the best plan for your company and your employees.

We are also experienced in plan termination. If your old plan is out of control, you need a plan that you can manage instead of a plan that manages you.

We can assist in arranging plan administration or we will work with your current administration company. We can provide investment opportunities whether trustee directed or participant directed.

If the goal is to help employees retire comfortably, the employer must survive the retirement plan itself. Let us show you how we can help provide economic security for your employees without undue hardship on your current profits.

Many companies have used these cost effective and visible products to put sizzle into their benefits package.  By including some “Cadillac” benefits in your plan, cost-saving measures like higher deductibles, lower coinsurance percentages or managed care are more acceptable to employees.

These plans are not as volatile in cost, so budgeting is more predictable. Group long term disability is one of the best values available for your employees.  This financial hardship caused by loss of income can devastate a family.  These plans replace that income for a period of time up to age 65.  The cost is extremely low compared to potential benefits.