Small Business Owners: Why Offer Voluntary Benefits?
Business owners know great employees are key to success, yet today's workforce increasingly values strong benefits. Offering additional benefit options can help small businesses attract and retain talent while standing out in a competitive job market.
You can offer additional attractive benefits to your employees at no direct cost to your business.
What are voluntary benefits?
Worksite voluntary benefits are employment benefits you can offer your employees. Business owners can choose if they want to pay part of their employees’ premiums or if they would like their employees to pay the full premiums.
Illinois Mutual can help you offer these benefits to your employees:
Short Term Disability – Individual and Group options
Can replace a portion of your employee's income if a disability due to illness or injury prevents your employee from working.
Accident Insurance
Provides a financial cushion in the event of accidental bodily injury as outlined in the policy, with specified benefit amounts based on the coverage level your employee selected.1
Term life Insurance
Provides your employee's beneficiary with a specified death benefit amount at a time when it is most needed.
Critical Illness Insurance
Provides employees a lump sum payment which can be used for any purpose when the insured person is diagnosed with a covered critical illness.1
1Illinois Mutual Accident and Critical Illness coverages are limited benefit policies. These policies are not intended to replace major medical, medical expense or Medicare Supplement coverage, and they do not meet the Minimum Essential Coverage Requirements of the Affordable Care Act.