Employers: Get the Most of Out of A Life Insurance Plan
July 24, 2024 | Tags:
Offering life insurance as part of your benefits package not only helps financially protect your employees and their loved ones, but it also gives them the security they need to prepare for life’s unexpected moments.
When choosing the life insurance coverage that best fits your business, it’s important to consider a plan that offers the most value at an affordable cost – to you and your employees.
Here are four things to look for:
- Customized coverage that meets everyone’s needs and budgets. Your company is different from others, so it only makes sense to work with a carrier that will customize their plans to fit your needs. The benefits you offer should meet the needs of your employees while staying within your desired budget.
- Value Beyond Benefits. Life insurance can help provide a level of financial support to employees and their families after they lose a loved one. But some life insurance plans offer even more support in the form of living benefits. These are valuable resources and services that employees can rely on when they need extra help, including grief counseling or will preparation.
- Quick Claims Turnaround. When a loved one passes away, the last thing employees should have to stress over is claims filing and processing. A carrier with efficient processes and quick claims turnaround means your employees can focus on what’s important during these difficult times.
- Personalized local support you can count on. The service and support you and your employees receive with your life benefits should be friendly and reliable. Large, national carriers tend to lack the dedicated support that’s specific to your business. Look for a life plan that offers a dedicated claims analyst so you can rest easy knowing you’re in good hands.
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 customized and flexible options for you, your business and their families.
Reach out to your broker or Medical Mutual representative for more information on how a life and disability plan can protect your employees, or request a quote today.