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Business, industry and service organizations want to attract and retain key management and employees, as a competitive advantage. |
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Competitive group benefits usually result in better employee morale and help obtain and retain high caliber people. |
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Economies of scale require maximum efficiency and minimum employee turnover.· Employees desire a great lifestyle. |
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Fringe benefits and government insurance plans have created employee interest in insurance, pensions and other benefits. |
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Everyone is eventually subject to the perils of sickness, accident, old age and death.· People become more interested in private plans when financial security is an issue. |
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Premiums paid by the employer are a deductible expense for income tax purposes. |
