An essential part of the employee benefit package is life insurance. Employees know that there is a value to knowing that if anything happens to them, their loved ones will be protected. The sense of security gives them piece of mind.
There are many options available to come up with a custom life insurance plan that you can offer to your employees. Some options available in Group Life Insurance plans are Dependent Life Insurance, Accidental Death and Dismemberment, Voluntary Life Insurance, and Supplemental Life coverage. For Group Life Insurance, you are usually qualified for a business deduction. It is usually more inexpensive than coverage offered by a health insurance plan.
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