Why is Group Life Insurance Important?
Employees will have peace of mind and appreciate employers who offer life insurance
✓ In case the unfortunate happens, it is imperative for employees’ dependents to have financial protection from life insurance. Also, employees will have lower premium payments because they will benefit from being rated on a group basis.
Life insurance is yet another important benefit to attract and retain talented employees
✓ People pay extremely close attention to benefit plans offered by employers. A great benefit package can be the difference between attracting talented employees and losing them.
Text to come but talk about guaranteed issue possibility for those who can’t find coverage elsewhere
Employers who offer life insurance can fully deduct their contributions to group life insurance plans as a business expense
✓ However, if life insurance is offered to employees on a voluntary basis, the premium is not deductible because the employee takes on the full cost.
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