article thumbnail

What Companies Should Know Before Offering Employee Life Insurance

Pacific Prime

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.

article thumbnail

The pros and cons of term life insurance vs. permanent life insurance

Higginbotham

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Is indexed universal life insurance right for you?

Higginbotham

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.

article thumbnail

The pros and cons of life insurance for children

Higginbotham

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.

article thumbnail

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?

article thumbnail

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.

article thumbnail

Parsing MHPAEA Claims Under the Proposed Rule: E.W. v. Health Net Life Insurance Company

McDermott Will & Emery Employee Benefits

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.