By choosing to have group insurance, there are many advantages available. The advantages of group benefit programs include a healthier workforce leading to better productivity and efficiency, attracting and retaining a workforce, having expenditures that are tax deductible, and have benefits that can be provided in lieu of monetary compensation.
There are also many advantages for employers/employees. The benefits received under the group plan may not be considered as a taxable benefit, there is no need to use after-tax money, and it does not usually require an individual to provide medical evidence of insurability. Finally, insurance is less expensive to obtain under a group plan than for an individual policy.
We are eager to offer our consultation with our group insurance specialists, to provide the different features of group insurance, elements of group insurance, and the fundamental principle of group insurance.
To learn more about group insurance book your appointment with us today and get the best insurance policy you deserve.
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