Use of voluntary payroll deductions growing
Tags: LIFE insurance; PAYROLL deductions
Related Articles
- Payroll deduction: A niche market full of potential. Wecker, Richard // Best's Review / Life-Health Insurance Edition;Jul95, Vol. 96 Issue 3, p66
Looks at payroll deductions as a logical and effective method for the payment of insurance premiums. Simplicity of the system; Advantages of the system; Tips on sales presentation of payroll deductible life insurance policies.
- The Perks. McKimmie, Kathy // Indiana Business Magazine;May2005, Vol. 49 Issue 5, p27
The article reports on the expansion of voluntary benefits in Indiana. These benefits are paid for by the employee, but offered with a discount that comes from group purchasing power and with the convenience of payroll deductions. One of the most popular voluntary benefits is life insurance...
- Benefits a matter of deduction. Gross, Daniel // Crain's New York Business;6/17/96, Vol. 12 Issue 25, p30
Reports on the growing number of employees who buy life insurance through payroll plans. Offer of life insurance through payroll deductions at the Fortunoff Inc.; National study of business offering life insurance through payroll deductions by the Life Insurance Marketing Research Association;...
- VLs & VAs Might Sell Well At The Workplace. Blazzard, Norse N.; Hasenauer, Judith A. // National Underwriter / Life & Health Financial Services;11/22/99, Vol. 103 Issue 47, p13
Discusses the insurance products sold at the workplace through salary deductions. Tax advantages of variable insurance; Growth in the stock market; Why few variable insurance products are offered at the worksite.
- As Budgets Shrink, Voluntary Benefits Grow. Patton, Carol // University Business;Mar2011, Vol. 14 Issue 3, p26
The article reports on the growing need for voluntary benefits at many higher education institutions in the U.S. It notes that these benefits cover vision, supplemental life insurance and long-term disability and are used by the institutions as an employee retention tool to help meet the diverse...
- Voluntary Benefits Meet Staff Needs. // Credit Union Magazine;Jun2006, Vol. 72 Issue 6, p97
The article discusses issues on group voluntary benefits for employees. It doesn't require employer contributions and allow employees to pay premiums in a pre- or post-tax basis. It is purchased through payroll deduction and is cheaper compared to the traditional group benefits. It offers more...
- At The Worksite, Group Life Is Just A Start. McInnis, Joanne // National Underwriter / Life & Health Financial Services;11/28/2005, Vol. 109 Issue 45, p38
The article focuses on selling supplemental life insurance in a workplace. Employees understand the importance of having adequate life coverage, and purchasing it where they work is an attractive option. By selling supplemental life in the workplace, brokers and agents can respond to these...
- Payroll, pension deduction can save you money. // NYSUT United;Feb2011, Vol. 1 Issue 6, p39
The article offers information on the payroll deduction option in New York State University Teachers (NYSUT) Member Benefits-endorsed programs. It says that the pension deduction removes check-writing and late payments and is easier to budget as annual premiums are divided into smaller paychecks...
- Looking at Perks. McKimmie, Kathy // Indiana Business Magazine;May2006, Vol. 50 Issue 5, p26
The article focuses on voluntary employee benefits. Under this system, employee can choose the benefits they want to avail and the charges for availing it are deducted from their salaries. Employees can purchase a life insurance cheaply and easily with a deduction from their salary to protect...
