DENTAL INSURANCE

 Dental Insurance is a benefit that employees use and appreciate.  Offering a quality dental program is another way to attract and retain quality employees.

Why Dental?

                Benefits the employee:

                                Encourages employees and family members to practice dental hygiene

                                Promotes employees to seek preventive care before serious problems evolve

                Benefits the employer:

                                Compliments the other products found in popular benefits packages

Emphasizes preventive care, which can minimize more serious problems leading to

increased absenteeism

                                May allow for reduced employer paid taxes

Flexible plans containing:

                Preventive

                Basic

                Major

                Orthodontic

Flexible plan design options:

                Deductible Amounts

                Covered Percentages

                Maximum Amounts

                Waiting Periods

                                                     DISABILTY INSURANCE

Disability insurance can be divided into two types Short Term Disability (STD) and Long Term Disability (LTD) combined together they provided immediate and long term coverage for disabilities ranging in duration from a few days to years.  By offering your employees disability insurance you are offering them a benefit that is overlooked by employees and that is replacement income. 

Why Disability:

                Every year 1 in 7 employees suffers a disability lasting more than a week.*

                With 1 in 5 Americans between the ages of 35 and 65 can experience a disability lasting 3 months

                                Or more+

                Nearly two-thirds (62%) of disabilities occur off the job and are not covered by Workers’

                                Compensation++

                The number of severe disability cases among 17 – 44 year olds has increased 400% over the last

                                25 years+++

                Nearly 70% of initial Social Security disability claims are denied due to various restrictions++++

                A 40 year old person is 3 times more likely to become disabled than to die before the age of

 65.+++++

Short Term Disability Features:

                Provides quick income replacement for employees suffering disabilities with benefits that can start

                                Coverage in days or weeks depending on your plan design

Prevents employers from trying to budget for replacement cost of new employees why paying

salary of disabled employee

Long Term Disability Features:

                Provides income replacement for employees suffering disabilities to death or age 65

                Opitonal coverages to include own occupational coverage

                Partial Return to work benefits

* New Jersey Department of Labor

+1995 Commissioners Individual Disability Table

++National Safety Council 1994

+++The Disability Management Sourcebook 1989

                                                         LIFE INSURANCE

 Life insurance is a low-cost, low-maintenance benefit, one you can easily add to an existing benefits program or utilize as the cornerstone of your employee benefits.

Why Life Insurance?  As a medium to large employer, offering life insurance enefits will help you stay competitive and attract quality employees.  Eighty-seven percent of full-time employees in medium to large companies have employment-based life insurance.*  If you are competing as a small employer for good employees, you want benefits that set you apart from the others.  Get the attention of prospective employees or use to retain existing employees.  Be part of the 61% of small companies that offer life insurance benefits.**

Types of coverages available:

Basic Group Term Life

                Foundation for life insurance protection for your employees

                Offers Group Rates

                Covers the unexpected, sudden costs associated with death

                Offers a choice of benefit levels

Accidental Death and Dismemberment (AD&D)

                AD&D is a natural complement to Basic Term Life Insurance.  It offers additional coverage to

                Employees who accidentally lose their lives, hads, feet, or eyesight.  This coverage is available

                For pennies per thousand dollars of coverage a month.

Group Voluntary Term Life

                Allows emloyees to buy additional life insurance coverage

                Affordable group rates

                Guranteed Coverage

                Spouse and Child coverages available

Dependent Group Life Insurance

                Allows employees to purchase insurance on their dependents

* EBRI Databook on Employee Benefits, 1997

** EBRI Databook on Employee Benefits, 1997