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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

Here are some prime examples: Supplemental life insurance : This benefit allows you to bolster your life insurance coverage, ensuring your loved ones are well taken care of in case of the unexpected. They can genuinely improve your quality of life. It’s a lifeline for pet owners.

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

Here are some prime examples: Supplemental life insurance : This benefit allows you to bolster your life insurance coverage, ensuring your loved ones are well taken care of in case of the unexpected. Pet care peace of mind : Pet insurance means you never have to choose between your pet's health and your wallet.

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What are voluntary benefits?

WEX Inc.

Examples of voluntary benefits are: Supplemental life insurance Critical illness Pet insurance Voluntary benefits are additional perks that an employer can offer at a discounted group rate, with the employee either fully or partially paying for the benefits through a payroll deduction. Get the latest benefits trends!

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How will the ‘Great Resignation’ change employees attitudes to employee benefits?

Employee Benefits

According to the Re:Me research, published in November 2021 by life insurance firm Metlife, 54% of employees are considering leaving their jobs in the next 18 months, while staffing platform Indeed Flex research, from October 2021, found 45% of HR directors are already facing hiring challenges. Mental health boost.

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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

billion, with all lines of coverage contributing to the growth, according to the Eastbridge Consulting Group’s annual “U.S. According to the report, in 2023: Group term life insurance premiums increased 10% from the 2022 level. Premiums collected for employer-sponsored voluntary benefits jumped 6.7%

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

Dental insurance. Life insurance. Vision care. Accident insurance. Long-term and short-term disability insurance. Accidental death and dismemberment insurance. Critical illness insurance. Cancer insurance. Pet insurance. Among these must-have benefits: Prescription drug coverage.

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How To Create a Business Succession Plan

Kollath CPA

The succession plan must establish a collective vision and an attainable set of goals. Prepare funding mechanisms, such as life insurance or key person insurance. If the timing of the transfer can take place during the owner’s lifetime, it may benefit all parties to maintain ongoing consultations.