What are voluntary benefits?
Voluntary benefits or Worksite products, can be any type of additional benefit that is added to an employer’s menu of benefit options.
Worksite products have historically consisted of a variety of individual insurance policies that are paid for entirely by the employee through payroll deduction. Today many carriers are introducing many of these same products on a group chassis so that they can offer lower premiums, guarantee issue of coverage and simplified enrollment procedures.
- Life Insurance
- Critical Illness
- Disability Income
- Accident Insurance
- Mini-Med/Hospital Indemnity Policies