In order to attract the most qualified and experienced employees, many employers offer group life insurance, accidental death and dismemberment insurance, short-term disability and long-term disability insurance. These benefits are a relatively inexpensive way to provide your employees with the comfort of knowing they are covered should the unexpected happen. In addition to these employer   paid benefits, employees can take advantage of voluntary insurances at a low-cost group rate. Let Riverfront Financial help you decide what coverage best meets your needs.
- Group Life Insurance
- Accidental Death and Dismemberment Insurance
- Short-Term Disability
- Long-Term Disability
- Voluntary Benefits
While both term and permanent life insurance policies are available, most employers choose to offer term policies that provide coverage for employees for the duration of their employment with the company. Since there are no medical exams required for basic coverage, there is only a determination of risk based on age, sex and salaries of your employees. Risk factors are averaged to calculate the premium.
Accidental death and dismemberment insurance (AD&D) is a limited life insurance that is designed to cover the insured when they pass away due to death from an accident or when they suffer a loss of limbs or bodily functions such as sight and hearing, etc.
Short-term disability is a type of insurance that pays a percentage of the disabled employee's salary for a specified amount of time, if he/she is ill or injured and cannot perform the duties of his/her job. Coverage usually starts anywhere from one to 14 days after your employee suffers a condition that leaves him/her unable to work.
Once the short-term disability benefits expire (generally after three to six months), the long-term disability policy pays the disabled employee a percentage of his/her salary depending on your policy. The employee will then receive benefits for a pre-determined period or until he/she turns 65.
You may also make life, accidental death and dismemberment, short-term and long-term disability insurances available to your employees at a low cost group rate. For a small amount of money, your employees are able to enhance or add to the coverages they already receive from you.