EMPLOYER-PROVIDED GROUP INSURANCE
01.Core Concepts
• Valued by employees as a core part of their compensation package during working years • Lower premiums and better coverage than individual market. • Employer and employee may share cost of premiums on a pre-tax basis. • Prior to retirement, employee and adviser should analyze: • Which types of insurance will still be needed post-retirement • In what amount • Most beneficial way to obtain the coverage • Group-term life insurance • Group medical insurance