When an employer provides life insurance to their employees, the employees then have the opportunity to purchase additional levels of coverage at an affordable price if desired. This gives employees access to portable coverage they can keep beyond their current employment situation. One rule of thumb used when deciding how much insurance to buy is an amount that would replicate income for seven to ten years.
When you partner with The Foster Group to administer your employee benefits, we launch an effective employee communication plan to make sure that your employees understand the benefits, carriers, claims process and more, as it relates to their employee benefits. This allows employers and managers to feel less like “the middle man,” so they can focus on running their business.
Please don’t hesitate to contact us with any questions or “Request a Quote” to get started: