Employers: Get the Most of Out of A Life Insurance Plan
May 05, 2022 | Tags:
Offering life insurance as part of your benefits package can help financially protect your employees and their families and give them the security they need to prepare for life’s surprises. When considering what life insurance coverage is best for your business, it’s important to consider a plan that offers the most value—at an affordable cost for you and your employees.
Here are four things to look for:
- Customized coverage that meets everyone’s needs and budgets. Every company is different. Look for a carrier that will customize their plans to fit your company. Your benefits should meet the needs of your employees while staying within your budget.
- Quick claims turnaround. While coping with the death of a loved one, the last thing employees should have to stress over is claims filing and processing. Find a carrier with efficient processes and quick claims turnaround so your employees can focus on what they need to during a difficult time.
- Personalized, local support you can count on. You and your employees deserve friendly, reliable service, especially when it comes to life benefits. Often large, national carriers lack dedicated support specific to your business. Look for a life plan that offers you a dedicated claims analyst so you’re at peace knowing you’re in good hands.
- Value beyond benefits. Life insurance can help ensure employees and their families receive a level of financial support after they lose a loved one. But some life insurance plans offer even more with living benefits. Living benefits are valuable resources or services employees can rely on when they need extra help, such as will preparation or grief counseling.
Want all four things and more?
MedMutual Life, a subsidiary of Medical Mutual, offers affordable life and disability plans. We know each business is unique, so we provide flexible and customized options for your employees and their families.
Reach out to your broker or Medical Mutual representative for more information on how a life and disability plan can keep your employees protected, or request a quote today.