Small Business Insurance
Insurance Options for Small Businesses & Employers
As a Small Business owner it’s important that you offer your employees the benefits they want. The benefits you offer may be the deciding factor in whether an employee stays with you or chooses to go elsewhere.
Two of the most important types of benefits for an employee are Retirement and Life Insurance. Current statistics show that:
- Twelve percent of employees participate in defined benefit Retirement plans and 40 percent are in defined contribution plans. (Some employees participate in both types.) Bureau of Labor Statistics U.S. Department of Labor, Retirement Benefit Combinations: Access – March 2014
- Sixty percent of workers have access to Life Insurance, and nearly as many, 59 percent, participate.
Bureau of Labor Statistics U.S. Department of Labor, News Release: Employee Benefits in the United States- March 2015
American Benefits Exchange has a Life Insurance policy with an annuity accumulation option that is a great option for you, the small business owner, to offer your employees:
Life Insurance Needs: Encore is a permanent Life Insurance policy with an automatic Annuity Accumulation Option included. The life insurance protection lasts until age 100.
Retirement Needs:The Annuity Accumulation Option you select gives your employees a flexible and secure way to help supplement their retirement needs. The interest earned is accumulated on a tax-deferred basis. Upon retirement, they can choose from a number of withdrawal options.
Note: All products are subject to state approval and are underwritten by American-Amicable Life Insurance Company of Texas.