Group Insurance
Group insurance, a major component of employee benefit plans, provides an insurance technique of considerable economic, social, and political significance. The components of group insurance are: medical / health, dental, vision, life insurance, short and long term disability and increasingly long term care insurance.
Group Health Insurance
Health insurance is one of the most important benefits employers provide to employees in that employees depend on and use their health benefits frequently. The cost of providing this benefit often represents a significant part of most group medical plans.
Group Dental Insurance
Many businesses offer dental insurance either totally or partially paid by the employer. It has the flexibility in that it can be fully or partially paid by the employee or offered as a voluntary product to the employee.
Group Life Insurance
Group Life insurance and accidental death and dismemberment are incorporated in most employee benefit plans. The amounts can vary widely from employer to employer but most often you will see these amounts of benefit:
* A flat amount for employees.
* A percentage of an employees annual income, such as 1X salary.
* A classed approach with different amounts for each class, typically owners / officers, management / supervisors and all remaining employees.
Group Short and Long Term Disability Insurance
Disability benefits are payments that provide income when an employee can no longer work due to an illness or non-work related accident. Short term disability covers a percentage of an employees income to a maximum duration of weeks. Long-term disability coverage normally will provide benefits to age 65 or 70 while providing 60-70 % of an employee’s monthly income to some specified amount.
Long Term Care - Group and Individual
Long-term care provides coverage if you have a chronic illness or disability that leaves you unable to care for yourself for an extended period of time. You can receive long term care in a nursing home or your own home. Long-term care insurance can be used not only for seniors, but persons of any age who have been in an accident or suffered a debilitating illness. Long-term care is the fastest growing employee benefit.
Individual Health Plans
Individual Health Plans are generally not a part of employee benefit plans, but are stand-alone policies purchased by individuals for themselves and/or their families. They include medical/health, short term medical, dental, Medicare supplements and long term care.
Individual Life Plans
Individual life insurance is the foundation of financial security for you and your family. Life insurance is critical in business continuity planning as well. Plans offered include Term Life, Universal Life, and Whole Life offered on an individual, first to die or second to die basis.
Individual Disability Plans
Individual disability insurance is a product designed to replace 45-60% of your gross income should a sickness or illness prevent you from earning an income in your occupation.
Investments
We offer a full range of investments including stocks, bonds, mutual funds, REITs, managed accounts, and fixed and variable annuities. Most importantly, we offer the experience to match the appropriate investment strategy to you risk profile and time horizon. Securities are offered through Capital Investment Group.
