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

InterWest Insurance Services

OCTOBER 31, 2024

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. Are life insurance benefits adequate? To learn more, call us.

Disability Insurance 98

Disability Insurance Life Insurance Deductions Deductible 98

WEX Inc.

OCTOBER 2, 2024

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. Supplemental life insurance: While your employer might offer a basic life insurance policy, supplemental life insurance allows you to tailor coverage to your unique needs.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

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

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

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. Pet care peace of mind : Pet insurance means you never have to choose between your pet’s health and your wallet.

Voluntary Benefits 93

Voluntary Benefits Life Insurance Health Insurance 93

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%. Timeframes can vary depending on an organization’s needs, ranging from monthly, quarterly, to annually.

Retail 172

Retail Professional Services Employee Retention Salary 172

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

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

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. To convert life insurance policy cash value into income and stop making premium payments, 3. Medicaid planning, 2.

401(k) 244

401(k) Life Insurance Insurance Taxes 244

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. It’s a good day to be a Hobby Lobby employee and wake up to the news of another wage hike.

401(k) 96

401(k) Retail Flexible Spending Life Insurance 96

Fringe Benefit Analysts

AUGUST 27, 2021

An untimely death impacts every aspect of your family’s life, but if you don’t have coverage from an insurance provider, your family can end up with the stress of figuring out how to financially recover. When choosing your coverage options, you may be aware of life insurance and accidental death and dismemberment (AD&D).

Life Insurance 52

Life Insurance Insurance Health Health Insurance 52

Money Talk

DECEMBER 2, 2021

Like term life insurance, it is a form of insurance for “big ticket" purchases. Shopping season is in high gear and it happens almost every time that someone buys large appliances, a computer, a cell phone, a big screen television, a new or used car, and exercise equipment, such as a treadmill. An extended warranty (a.k.a.,

IT 135

IT Life Insurance Electronics Manufacturing 135

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

Money Talk

SEPTEMBER 7, 2023

Back in March, I posted a photo of my tree full of green shamrocks and noted that my grandparents were Irish immigrants who came to America with dreams for a better life and very little money. Life Insurance - Life insurance helps protect dependents from wealth depletion when a family breadwinner dies, particularly in early adulthood.

Life Insurance 194

Life Insurance Taxes Commissions Insurance 194

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 Deductible 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

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

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

Higginbotham

MAY 4, 2023

What is supplemental life insurance? It’s a type of life insurance policy that’s often available through work and provides additional coverage. What is supplemental life insurance? Supplemental life insurance fills in coverage gaps and provides additional life insurance coverage.

Life Insurance 52

Life Insurance Benefits Package Insurance Employee Benefits 52

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

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. AXA AXA is a leading global insurance provider that offers a range of services to employers and individuals around the world.

Retirement Plan 246

Retirement Plan Health and Welfare Health Insurance Benefit Providers 246

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

Employee Benefits

OCTOBER 11, 2023

It provides access to a healthcare cash plan , an employee assistance programme and life insurance for up to three people. Housing association Aster Group employs more than 1,600 people across a range of roles including development, planning, marketing, customer liaison and sales.

Voluntary Benefits 105

Voluntary Benefits IT Life Insurance Pension 105

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

Higginbotham

MARCH 10, 2022

You’ve decided you need life insurance. Now you need to decide which type of life insurance you need. Life insurance policies aren’t all the same. So what’s the right life insurance policy for you? Term vs. Whole Life Insurance. Term Life Insurance: Pros and Cons.

Life Insurance 52

Life Insurance Insurance Medical IT 52

Employee Benefits

JANUARY 15, 2024

Its benefits offering for UK-based employees includes the SumUp corporate pension scheme, private medical insurance and life insurance cover, which it primarily markets towards its older staff. SumUp offers multiple benefits to support its older employees to ensure they feel valued in their roles.

Benefits Package 105

Benefits Package IT Life Insurance Pension 105

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

HR Digest

MAY 21, 2023

Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Disability insurance Looking at these results, it’s clear that financial security is a major driver of employee benefit choices. Some top choices trending today include: 1.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

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

Employee Benefits

MAY 29, 2023

Duncan explains how its benefits offering strives to support employees in all areas of their lives, from how its life insurance app helps staff to live a healthy lifestyle to its financial wellbeing programme , and its policies on flexible working. It scales digital delivery and upskills internal teams.

IT 98

IT Life Insurance Engineering Consulting 98

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. Read along to find out.

Professional Employer Organization 245

Professional Employer Organization Human Resources Disability Insurance Insurance 245

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. Partially Taxable: Group-term life insurance over $50,000, for instance, has a taxable portion based on IRS tables. What are fringe benefits? What are Fringe Benefits?

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

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.

Insurance 59

Insurance Life Insurance Benefits Package Medical 59

International Foundation of Employee Benefit Plans

JANUARY 18, 2023

As a benefits professional, you often wear many hats, and communications could be one of the more challenging roles you encounter. You’re required to not only inform but inspire employees. Read more > The post Magazine Extra: Benefits Touch Points—Communicating When It Matters appeared first on Word on Benefits.

IT 113

IT Parental Leave 401(k) Life Insurance 113

Higginbotham

OCTOBER 29, 2024

Their expertise lies in understanding the insurance landscape and creating benefits packages that meet the unique needs of an employer’s workforce. This involves tailoring core benefits like health, dental and vision insurance while incorporating voluntary options, such as disability insurance, mental health benefits or life insurance.

Employee Benefits 52

Employee Benefits Insurance Carriers Disability Insurance Benefits Package 52