This list includes some of the types of coverages and other employee benefits related terms. This list is not all-inclusive as there are many different coverages to suit various needs. If you need a particular coverage not listed, be sure to contact your local INSPRO office today.
Buy-Sell Funding is utilized in companies that want to ensure that the business will survive financially in the event that a key person dies. There are many ways to set up these plans according to the individual needs of the business.
Dental Insurance is specifically designed for the treatment and care of dental needs. Most group plans offer preventative benefits, which are this product's greatest appeal.
Group Health Insurance
Group Health Insurance provides a comprehensive array of medical services provided by physicians and hospitals. Group plans are typically offered through an employer or an association.
Life Insurance provides more than final expenses. Estate creation, cash accumulation, liquidity, estate conservation and business uses are some of the ways life insurance ensures financial stability.
Long-Term Care is a product designed to provide coverage for preventative, therapeutic, rehabilitative, maintenance and personal care services in a nursing home setting or one's own home.
Long-Term Disability is a valued contract that pays a percentage of one's monthly salary in the event of disability due to injury or sickness.
Section 125 (Cafeteria) Plans
Section 125 (Cafeteria) Plans stretches your employee's dollars. With a flex plan, an employee can allocate funds to be set aside to pay for medical, dental and eyecare expenses, including deductibles and coinsurance. The funds set aside in these plans are not taxable.