Employee Benefits

Designing an Attractive Employee Benefits Package

You may already have a standard benefits package in place, one that includes medical and dental coverage, disability income insurance, and a retirement plan. However, your competitors might also offer a similar benefits package. These days, we believe employees are looking for benefit plans above and beyond the standard packages that most employers already offer. These benefits can provide an incentive for key employees to join and remain loyal to your company.

Designing an attractive employee benefits package may seem expensive, but the tax considerations¹ can help offset the overall cost, and its impact on current and prospective employees could be rewarding. Through our network of Financial Services Representatives, we can help you provide an attractive employee benefits package for the employees that are most valuable to the success of your company.

Consider some of the following planning and employee benefits options.

Annuities

Establishing individual retirement arrangements funded by annuities can be a practical option for a small business. Offering this type of benefit may help you retain and motivate your company's employees.²

Disability Income Insurance

Provide employees with income protection that supplements your company’s group long term disability plan in the event of a disability.

Executive Benefit Programs

We offer solutions that are designed to assist in recruiting and retaining executives.

Executive Group Life Insurance

Gain a competitive edge by providing valuable life insurance benefits to your executives and senior professionals.

Long Term Care Insurance

Help retain your employees and enhance your company’s benefits while taking advantage of tax savings.

Retirement Plans

Offering your employees a retirement plan is a way to help them save for the future and is a great incentive as part of an employee benefits package.

 ¹ The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. We are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.

² Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Guarantees are based on the claims-paying ability of the issuer. Annuities may be subject to fees, expenses, surrender charges, and investment risk, including possible loss of principal. Withdrawals made prior to age 59 1/2 are subject to a 10 percent IRS penalty tax, and surrender charges may apply. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. The investment returns and value of the available subaccount portfolios will fluctuate, so the value of an investor's unit, when redeemed, may be worth more or less than the original value. Optional features may involve additional fees.