When it comes to life insurance premiums, questions abound. It’s only natural to want to know the finer details about your coverage, including whether you can save on premiums. For instance, one of the most commonly asked questions is, “Can I claim life insurance premiums on my taxes?” The answer is typically no, though there […]
Wellness benefits at work can increase productivity and performance while promoting a healthier workplace culture. If your business isn’t investing in a wellness program, then you are likely missing out on a happier, healthier, and more efficient team. In this guide, we’ll review how implementing a workplace wellness program can benefit your employees and business. […]
What are group insurance benefits? In short, they provide supplemental coverage for workers, which is used to take care of expenses that might not be otherwise covered by their government-funded health insurance. This guide reviews the benefits of group insurance for employers as well as those for employees who enroll in coverage. Table Of Contents […]
Retirement savings is something most people should start planning for once they begin earning a steady paycheck. Many companies offer group savings plans for their employees, which helps employees plan for the future and shows that they care about their well-being. Depending on the plan, employer retirement funds can offer extra features like employer contributions […]
You are likely already familiar with individual life insurance policies, but did you know that there is also a corporate-owned option where you are the primary beneficiary? Find out more about this type of policy and whether it is right for your organization. What is Corporate-Owned Life Insurance Taxation? Corporate-owned life insurance, often referred to […]
Defined benefit plans enable employers to provide ongoing benefits for those who’ve worked for them, even after they’ve retired. So what is a defined benefit pension plan, exactly? Keep reading to learn what you need to know about this employer-sponsored benefit and how it can help you remain stable during retirement. What is a Defined […]
We suggest that you include this checklist in employment contracts as well as in office policy manuals accessible to employees. Enrollment in Group Benefits Enrollment in Group Benefits is mandatory corporate policy. Opting out of health and dental coverage is allowed only if there is proof of spousal coverage. Define what benefits are covered during […]
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