Employee benefit consultants serve human resource managers and can help them attract new executives to their organizations. For example, offering prospective business leaders disability income insurance might allow your company to stand out from other organizations.
Executive disability insurance carve-out plans give HR supervisors the opportunity to support high-ranking officials in their organizations. The coverage protects executives, offering insurance that supplements a typical benefits plan.
For example, an organization may offer standard employee benefits to all workers, giving them basic dental, health and vision coverage. While this plan suits the needs of most employees, a business may be trying to lure a highly qualified professional to accept an executive-level position with its company. A human resources department may submit an offer to the candidate, who could be weighing several opportunities based on different businesses' benefits and salary packages.
A top-notch set of carve-out plans could make the difference in a prospective executive's decision to join a company. Businesses might provide long-term disability benefits, but many of these typically cover only a portion of a high-ranking executive's income. Give executives this option so they can receive additional support in the event of a long-term disability.
These plans may help companies and executives. While employees receive greater financial assistance if they suffer injuries or illnesses, businesses gain flexibility as they could make a wide variety of carve-out plans available to senior professionals. This insurance can be provided on a voluntary basis or as a company-paid incentive and ensures disability income insurance coverage with easy-to-understand underwriting.
Learn more about the benefits of executive disability insurance carve-out plans from employee benefit services. These experts deliver top-of-the-line assistance to help human resource supervisors manage their organizations' employee benefit plan administration.
