Remove Definition Remove Disability Insurance Remove Life Insurance
article thumbnail

The importance of disability insurance

Higginbotham

It’s a real risk, and it’s why anyone who depends on a paycheck needs to understand the importance of disability insurance. Why is disability coverage important? If you had a one-in-four chance of losing your house to a flood , you’d probably want to protect it with flood insurance. Savings can deplete fast.

article thumbnail

Employee Benefits: The Only Guide You Need

Achievers

The term “employee benefits” is used regularly, but often with a limited, traditional definition in mind. Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mental Injuries: Workers’ Compensation and Disability Insurance Part 1

Workers' Compensation Perspectives

Many workers’ compensation jurisdictions and work-disability insurers have noted increasing mental disorder (also called psychological injury, mental injury) claims over time. Similar terms in different jurisdictions may or may not carry the exact meaning or definition.

article thumbnail

Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

Moreso, age is definitely a relevant factor when enrolling in many types of employee benefits, most especially those relating to healthcare and retirement. Some of these decisions, such as foregoing healthcare, disability, and life insurance, could prove catastrophic.

401(k) 56
article thumbnail

Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

Group life insurance premiums provided to employees over $50,000. Group-term life insurance coverage. Some examples are retirement benefits, child care, health insurance, employee rewards, disability insurance, etc. There is no definite answer to this. Which Benefits Are Considered Taxable?

article thumbnail

Employee Benefits: Types, Cost & Examples

HR Digest

For a start, insurance benefits are common, and deciding on which one to offer depends on your company’s ability. In this article, we will explore the details of employee benefits including the definition, types, and costs. They serve an important purpose in the life of an employee. Want to know more? We got you covered.

article thumbnail

10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Definition Of Extrinsic Rewards. You want your employee benefits package to include at least some of these popular fringe benefits : Health insurance. Life insurance. Disability insurance. Deadlines would be met sooner, people would be more motivated, and productivity would skyrocket. Tuition assistance.