Don’t Get Caught without a Business Succession Plan

| posted in Blog, Newsletter

Many business owners may be good at running their companies, but many are failing to address essential long-term planning that is critical to sustaining their businesses. The one area that the majority of business owners often neglect is planning for business continuity and a buy-sell agreement if they die or become disabled, according to the “MassMutual Business Owner Perspectives Study.” While the question of your death or disablement is not one that’s fun to ponder, it makes good sense for business owners to put plans in place in case the worst happens. This is especially important now amid the COVID-19…
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Why Disability Insurance Is Vital for Your Employees

| posted in Blog, Newsletter

NEARLY 80% of Americans said that they had at least two types of insurance when it came to health, home and auto policies. But, only about 35% reported having disability insurance from an employer, according to a survey conducted by the Harris Poll for OneAmerica. Of the 2,100 people surveyed who did not have disability insurance from an employer, more than 40% said that employers did not offer it. About 15% said that they did not have it because they could not afford the cost, and they felt that other living expenses were higher priorities. Why disability insurance? People are…
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Right Mix of Benefits Crucial to Hiring, Retaining Millennials

| posted in Blog

As the millennial generation continues filtering into the workforce amid a tightening job market, nearly one-third of them have turned down a job offer because of poor insurance offerings, a new study has found. Making sure that you have the right mix of benefits, including voluntary benefits, is important considering that other studies have found that millennials are already hard to keep on the payroll. This has been underscored by studies that found that one in four millennials were considering looking for new work in the next year. In addition, they are more cautious than boomers or Gen Xers in…
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