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Pet insurance or life insurance? Help employees select the voluntary benefits they need

Employee Benefit News

By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.

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I have group life insurance through work. Is it enough?

Take It Personel-ly

Employer-sponsored life insurance comes as a well-intentioned perk for loyal employees. Getting covered through work is a less expensive way to protect your family, especially when you need life insurance but haven’t shopped around for one yet. On the […].

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What Workers Need to Know About Group Life Insurance

InterWest Insurance Services

Voluntary group life insurance is offered to employees as an optional benefit, and often employers will pay the small premium as an employee retention tool and to provide workers some peace of mind for their families. Internal Revenue Code Section 79 governs the taxation of this employer-provided life insurance.

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4 considerations when choosing employee benefits for the first time

WEX Inc.

Funds you or your employer contribute to your HSA can help with this. FSAs are employer-owned, meaning you may lose the funds if you change job or health plans. LSAs are becoming more popular as employers recognize the importance of holistic well-being. Assess your ability to cover the deductible before choosing this plan.

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What is Voluntary Life Insurance? | BerniePortal

BerniePortal

During the enrollment process , employers often offer ancillary benefits like voluntary life insurance to supplement basic life coverage. So, what is voluntary life insurance? But unlike healthcare and other fringe benefits , not all employees need to elect all ancillary benefits.

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What is Basic Life Insurance? | BerniePortal

BerniePortal

As part of that enrollment process, employers often offer ancillary benefits like basic life insurance as well, but unlike health coverage , basic life coverage alone may not be enough to cover all of an employee’s needs—especially if they have a family. So, how does basic life insurance work?

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Do You Offer Group-term Life Insurance? Here’s What That Means for Taxes

Patriot Software

Company-sponsored life insurance is a pretty popular employee benefit. Thinking about offering group-term life insurance? Like any benefit, first understand employer tax responsibilities. Read on to learn: What is group-term life insurance? Is group-term life insurance taxable?