Take It Personel-ly

NOVEMBER 12, 2021

Becoming an owner of a successful insurance brokerage can be a long and exhausting process, but it is definitely worth it. If you want to start a life insurance brokerage, you will need to do […]. You will get to set your own schedule and have a huge impact on your work environment, among other things.

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Life Insurance Insurance IT 137

Pacific Prime

APRIL 29, 2024

Companies offering employee life insurance as part of their employee benefits package is an excellent talent retention strategy. A life insurance policy will help protect the employees’ dependents from financial pressure when meeting outgoing expenses in the event of the former’s untimely passing.

Life Insurance 98

Life Insurance Insurance Benefits Package Employee Benefits 98

Higginbotham

MAY 24, 2023

One of the first and most important responsibilities embraced by every breadwinner is life insurance. Should they lose your support, life insurance will immediately pay your beneficiary the cash value of the life insurance policy, with no taxes owed, providing a lifeline to resolve debts and pay living expenses.

Life Insurance 96

Life Insurance Insurance Medical Taxes 96

InterWest Insurance Services

OCTOBER 31, 2024

Simple health insurance is insufficient to carry the load. Over 80% of middle-market respondents report that they got their health insurance, disability insurance and retirement plan all through their employer. Meanwhile, six in 10 have no life insurance in place outside of the workplace.

Disability Insurance 98

Disability Insurance Life Insurance Deductible Deductions 98

InterWest Insurance Services

AUGUST 22, 2024

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.

Life Insurance 98

Life Insurance Insurance Medical Deductions 98

Take It Personel-ly

NOVEMBER 4, 2019

Are you one of the 52% of Americans who think life insurance is too expensive? We’re going to go over the essential life insurance questions so you have the […]. Or maybe you’re one of the 12% who doesn’t know how much coverage to get.

Life Insurance 124

Life Insurance Insurance Finance 124

BerniePortal

APRIL 19, 2022

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.

Life Insurance 98

Life Insurance Insurance Healthcare Employment 98

BerniePortal

APRIL 18, 2022

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?

Life Insurance 95

Life Insurance Insurance Healthcare Employment 95

WEX Inc.

OCTOBER 2, 2024

HRAs provide an extra layer of financial support for medical needs beyond insurance coverage. Pet benefits: For those who consider their furry friends part of the family, pet insurance and other forms of pet benefits can help cover unexpected veterinary costs.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

Take It Personel-ly

MARCH 21, 2021

From applying for student loans and purchasing a home to having children and buying insurance, there are many decisions millennials are tackling at the moment, all of which can seem daunting. This is especially the case when it comes to insurance. Making big financial decisions is a part of being an adult.

Insurance 254

Insurance Life Insurance Finance IT 254

McDermott Will & Emery Employee Benefits

DECEMBER 28, 2023

Health Net Life Insurance Company appeared first on EMPLOYEE BENEFITS BLOG. The proposed regulations were issued earlier this year by the US Departments of Labor, Health and Human Services and the Treasury (the Departments). Our previous MHPAEA content is […] The post Parsing MHPAEA Claims Under the Proposed Rule: E.W.

Life Insurance 105

Life Insurance Insurance Employee Benefits 105

Patriot Software

NOVEMBER 8, 2021

Company-sponsored life insurance is a pretty popular employee benefit. Thinking about offering group-term life insurance? Read on to learn: What is group-term life insurance? Is group-term life insurance taxable? Is group-term life insurance taxable?

Life Insurance 98

Life Insurance Taxes Insurance Employee Benefits 98

International Foundation of Employee Benefit Plans

NOVEMBER 30, 2023

District Court for the […] The post Legal & Legislative Reporter: Court Allows a Life Insurance Conversion Dispute to Move Forward appeared first on Word on Benefits. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP.

Life Insurance 104

Life Insurance Insurance Employee Benefits Education 104

WEX Inc.

OCTOBER 29, 2024

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.

Voluntary Benefits 93

Voluntary Benefits Life Insurance Health Insurance 93

Money Talk

MARCH 15, 2023

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. No Federal Insurance - There is no federal government insurance for annuities as there is for bank products (FDIC) and investment products (SIPC).

401(k) 244

401(k) Life Insurance Taxes Insurance 244

Workplace Insight

OCTOBER 29, 2024

Offering a comprehensive employee benefits package is more important than ever, and Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. So whenever you see “Group” before an insurance name, it means it’s for employees, paid by your business.

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Insurance Life Insurance Benefits Package Medical 59

Money Talk

JUNE 22, 2023

Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary Use- Beneficiary designations are required for life insurance policies, individual retirement accounts (IRAs), employer retirement savings plans (e.g.,

401(k) 235

401(k) Life Insurance Retirement Plan Finance 235

Higginbotham

JUNE 11, 2024

If you need life insurance but you’re unhappy with term and permanent options, you may want to consider endowment life insurance. This unique policy type can provide the protection of life insurance but also pulls double duty as a savings tool. How do endowment life insurance policies work?

Life Insurance 52

Life Insurance Insurance Education Software 52

Best Money Moves

FEBRUARY 12, 2019

Reduce financial stress with this type of insurance. Research by Life Happens shows most Americans with life insurance experience less financial stress knowing their family is financially protected. How Life Insurance Reduces Financial Stress. Through life insurance.

Insurance 101

Insurance Life Insurance Government Payroll 101

HR Lineup

APRIL 11, 2023

Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. These services can include the provision of benefits such as health insurance, retirement plans , and other non-wage compensations.

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Retirement Plan Health and Welfare Health Insurance Benefit Providers 246

Achievers

SEPTEMBER 12, 2024

Here are a few turnover rates for key industries: Financial institutions: The Economic Times reveals that employee attrition within the financial services segment was at 25% while life insurance had the highest attrition rate at 47%.

Retail 172

Retail Professional Services Employee Retention Salary 172

Higginbotham

APRIL 12, 2024

Life insurance can be a practical way of making sure that your loved ones are taken care of even after you’re gone. However, there’s more than one type of life insurance policy, and some can provide you with more features than just a death benefit. Term life insurance covers a predetermined period of time.

Life Insurance 52

Life Insurance Insurance Taxes Deductions 52

Higginbotham

JULY 23, 2024

One strategic solution that has gained prominence among businesses is corporate-owned life insurance (COLI). What is corporate-owned life insurance? Corporate-owned life insurance is a type of life insurance in which the company itself takes out a policy on the lives of its employees.

Life Insurance 52

Life Insurance Insurance Executive Compensation Taxes 52

Money Talk

SEPTEMBER 1, 2021

It will also charge unvaccinated employees $200 monthly health insurance premium surcharges starting November 1. When unvaccinated people lack health or disability insurance or die without life insurance, the situation is even more dire for survivors, who may need to seek public assistance to get by.

Hospitality 225

Hospitality Health Insurance Medical Life Insurance 225

Money Talk

SEPTEMBER 7, 2023

Transfers are often made through lifetime gifts and inheritances received by younger generations via wills, trusts, and beneficiary designations on life insurance and retirement savings accounts. Example: my grandparents, parents, and me. It can also occur by teaching younger generations “how to fish” to create their own wealth.

Life Insurance 194

Life Insurance Taxes Commissions Insurance 194

Money Talk

JANUARY 4, 2023

Insurance- Auto insurance premiums increased due to increased cost of repairs (labor), replacement parts, and car rentals and life insurance sales increased amid COVID fears. Homeowners insurance premiums increased by 12.1% on average and renters insurance premiums averaged $18 per month.

Finance 244

Finance Banking Taxes Food 244

Money Talk

JANUARY 4, 2024

Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g.,

Life Insurance 176

Life Insurance Retail Pension Benefit Taxes 176

Money Talk

SEPTEMBER 17, 2022

joint ownership with right of survivorship) or beneficiary designations on contracts such as life insurance policies, individual retirement accounts (IRAs), and tax-deferred employer retirement savings plans always take precedence over the terms of a will. bank and investment accounts), collectibles, and life insurance.

Life Insurance 245

Life Insurance Banking Taxes Finance 245

HR Digest

OCTOBER 4, 2024

Along with Hobby Lobby’s current wage hike, the shopping chain also provides other fiscal and medical benefits like a medical and dental plan, 401(k) with generous company match, a flexible spending plan, life insurance, etc.

401(k) 96

401(k) Retail Flexible Spending Life Insurance 96

Higginbotham

SEPTEMBER 6, 2024

While it’s impossible to predict the future, securing life insurance can help provide for your children’s needs in case you’re not there as they grow up. How much life insurance do parents need? Expenses may include funeral costs, groceries, utilities, insurance, mortgage and educational costs.

Life Insurance 52

Life Insurance Insurance Food Utilities 52

HR Digest

MARCH 12, 2025

These perks, often discretionary, supplement an employees paycheck and can range from health insurance to gym memberships, company cars to childcare assistance. Think medical, dental, and vision insurance, often supplemented by wellness programs like mental health support or fitness stipends. Compliance is non-negotiable.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

Higginbotham

FEBRUARY 14, 2023

You may be able to benefit from your life insurance policy while you’re still alive. If you own a permanent life insurance policy, it will accrue a cash value over time. This makes borrowing against life insurance possible. Term life insurance policies cover a predetermined period of time.

Life Insurance 52

Life Insurance Insurance IT Taxes 52

HR Lineup

NOVEMBER 30, 2021

These services include HR consulting, payroll processing and tax filing, employees’ compensation insurance, safety, and risk management services, hiring across various jurisdictions, retirement vehicles, and more. Life insurance. Disability insurance. Accident insurance, and more. Educational assistance.

Professional Employer Organization 245

Professional Employer Organization Human Resources Disability Insurance Insurance 245

Higginbotham

FEBRUARY 21, 2024

Parents often buy life insurance for themselves to help safeguard their children’s futures. But, should they also buy life insurance for their kids? Although the idea of life insurance for children may sound unusual, it can serve some practical purposes and offer long-term benefits.

Life Insurance 52

Life Insurance Insurance Insurance Carriers Medical 52

Higginbotham

MAY 3, 2022

If you outlive your life insurance policy, can you get your premiums back? However, a return of premium life insurance policy is the exception. This life insurance product allows policyholders to collect a refund of the premiums they have paid. These premiums are the cost of purchasing insurance.

Life Insurance 52

Life Insurance Insurance Retirement Plan IT 52

Higginbotham

JUNE 15, 2023

Group life insurance is a type of life insurance policy that covers an affiliated group of individuals, typically the employees of a company or the members of an organization, who can be covered under a single master contract. What is group life insurance? What is group life insurance?

Life Insurance 52

Life Insurance Insurance Employment Medical 52

CorpStrat

FEBRUARY 12, 2024

This is where the importance of employee benefits, key person insurance, and disability insurance comes into play. Protecting Your Business MVPs Most companies have health insurance to cover medical expenses and illnesses. We’re talking about things like illness, disability, or the loss of a key team member.

Disability Insurance 95

Disability Insurance Insurance Life Insurance Commissions 95