Group Life & Disability Insurance

 

 

Group Life Insurance

Group life insurance is a foundation of insurance protection for employees and their families. It provides protection for a specific period of time and pays a benefit only if the insured dies during the term.

This type of insurance is typically an enhancement of a company benefits package offered by an employer. By offering group life insurance, employees tend to be more comfortable having that benefit should something happen to them. To know that a monetary amount would be paid to their family or beneficiary could help you attract and retain good employees.

 

Vision HR Agency can provide this coverage for the employees of your business. We write with A rated carriers and can provide quotes based on your needs and budget for this benefits.

Advantages to the Employer:

• Federal income-tax deductible premiums.
• Desirable fringe benefit to offer new employees.
• Reduced turnover, saving your money in hiring and training costs.
• Contributes to employee security, loyalty, and higher morale.
• Valuable life insurance protection provided at a low group rate.

 

Advantages to the Employee:

• Valuable life insurance protection provided at a low group rates.
• Right to name and change beneficiaries at any time.

 

 

Group Short Term Disability

Short-term disability insurance pays a percentage of your salary if you become temporarily disabled, meaning that you are not able to work for a short period of time due to sickness or injury (excluding on-the-job injuries, which are covered by workers compensation insurance). A typical short-term disability insurance policy provides you with 40 to 65 percent of your pre-disability base salary. These policies typically are 3 to 6 months of coverage.

 

Group Long Term Disability

Long-term disability picks up where short-term disability leaves off. Once your short-term disability benefits expire (generally after three to six months), the long-term disability policy pays you a percentage of your salary, usually 50 to 60 percent, depending on your policy. You will then receive benefits for two to five years or until you turn 65.

If you would like to enhance your benefits offering with any of these products please call Vision HR (386-255-7070) and let us know your needs. W e can accommodate you.