Are you looking to enhance your group benefit package without increasing your costs? Have you considered an elective product like Optional Life?
Though all group plans include some basic life insurance, the coverage may not fully address every employee’s financial needs. Like your employees, each individual’s financial needs are unique, and offering additional coverage to supplement the benefits you do provide is a great way to add flexibility at no additional cost to the firm.
The Chambers of Commerce Group Insurance Plan Optional Life Insurance lets an employee top up their basic coverage, and even covers their spouse and dependent children, too. It offers low group prices and allows an employee to tailor the coverage to their own financial situation.
Chambers Plan Optional Life Insurance is also portable. That means the employee can keep the insurance even if he or she leaves your company. That’s a great advantage to people who may not be healthy enough to apply for this kind of program under future circumstances.
Offered in units of $10,000, premiums are paid by the employee and all you do is deduct the monthly premium through your payroll and send it to the insurer with your monthly premium remittance.
An attractive product for anyone wanting an affordable safety net, Chambers Plan Optional Life Insurance can give your employees the protection they need, at no additional cost to you. So why not include it in your employee benefit program?
Speak with your local advisor about Optional Life and other ways to enhance your plan.