Supplemental insurance plans provide
an amazingly broad range of benefit options. Providing guidance
to your employees as to the value of these voluntary benefits
will prevent them from leaving too much of their paycheck
with that company with the duck.
Supplemental insurance provides a valued adjunct to the
standard insurance package. In many instances, employers
offer an allowance and permit the employees the opportunity
to pick and choose the benefits that are of most value to
them. But the question is, can you get more benefit on your
We sell supplemental disability from a number of different
carriers. These plans are simple to purchase and do not
require any underwriting or verification of income. However,
for the same or less premium we can offer an individual
a much more disability benefit and a longer payout. For
the cost of a one year supplemental plan we can often provide
5 years or more of private coverage.
Cancer plans are another popular supplemental benefit.
But a plan that gives you another one or two hundred dollars
a day is very inadequate. For the same amount of money or
even less, you can buy a plan that will give you a much
superior benefit plan.
Using pre-tax Section 125 money makes it a bit more attractive,
but be careful about purchasing or offering supplemental
Life insurance is an especially poor purchase for a healthy
employee. A private plan might offer twice the coverage
for the same premium dollar. It also goes with you if you
leave your employer.
Please call us at 800-986-4786 for
more information about supplemental insurance plans.