Group Term Life Insurance

Group Term Life Insurance

According to the 2010 Life Insurance Ownership Study conducted by the Life Insurance and Market Research Association (LIMRA), 35 million households in America, about one-third of the total number, have no life insurance protection whatsoever, and 58 million are under insured — the highest level ever measured.

As an employer, group term life insurance provides a convenient way for you to offer your employees easy-to-buy, affordable life insurance coverage.

Benefit Features:

  • Pierce Group currently administers group term life coverage for over 50 NC public sector clients
  • Choice of multiple plans with multiple carriers
  • Booklets mailed to the employees’ home address
  • Online billing and administration
  • List bills
  • Multiple billing frequencies
  • Beneficiary housing at the carrier

Employee Assistance Program

 An Employee Assistance Program (EAP) is a company-sponsored benefit that offers the support and resources employees need to address personal or work-related concerns through confidential counseling services and work-life balance resources.  It’s confidential and free for employees and their household.

 

The EAP offers help for personal and/or professional concerns by providing free, confidential, short-term counseling and personal consultation.  The EAP has a network of counselors that are conveniently located.  They can help you improve or resolve personal difficulties whether big or small, personal or work-related.

 

Compliance Management

Pierce Group Benefits provides valuable, prompt and matter-of-fact compliance assistance to clients through direct publications, email alerts, webinars, seminars, and more.

Our compliance resource is comprised of attorneys and a staff of experienced subject matter experts who continually monitor regulatory developments to keep our clients up-to-date about new rules and how they are affected by

Wellness & Consumerism

Pierce Group Benefits is committed to the health and wellness of your employees. We will work together to create a structured plan to help you develop, communicate and implement a Wellness Program designed especially for you.

We believe the mission of wellness in the workplace is to coach employees through various channels in self-responsibility and lifestyle behaviors that influence health and well-being, work performance, and health care throughout their lifetimes.

Critical Illness Benefits

The Critical Illness benefit helps employees prepare financially for an unexpected life event. This critical illness benefit is designed to help fill the gaps in your health insurance and can provide benefits to assist the additional expenses such as deductibles, home health care needs, travel, loss of income, rehabilitation and childcare. This financial protection offers a simple way to strengthen your benefits package.

Some critical illness examples are:

  • Heart attack
  • Stroke
  • End stage renal failure
  • Major organ failure
  • Permanent paralysis due to a covered accident
  • Coma
  • Blindness

Cancer Benefits

Cancer insurance can help bridge the gap, providing additional coverage employees may need and helping you build a comprehensive benefits package to boost retention without boosting your company’s expenses. Cancer insurance provides benefits to help offset both indirect and direct cancer costs that may not be covered by an employee’s medical plan such as:

  • Deductibles and co-pays
  • Out-of-network treatment
  • Travel, lodging and meals during treatment
  • Childcare
  • Home health services
  • Wellness benefit. Some plans cover an annual cancer screening test to assist with prevention and early diagnosis. Talk with your representative to learn how cancer insurance can help you offer more competitive benefit packages for your employees and help them prepare for the unexpected.