BENECO INTRODUCES NEW GROUP WHOLE LIFE INSURANCE SOLUTION
Fringe Dollars Can Be Used to Fund Group Whole Life Insurance for the First Time
SCOTTSDALE, Arizona, Nov. 8, 2017 – Beneco now offers group whole life insurance as
a new addition in their line-up of benefits solutions. Group whole life will join Beneco’s
current suite of solutions built for contractors, which includes retirement benefits, medical
and ancillary benefits and HR and compliance services.
Beneco CEO, Dan Cremons says, “Group whole life insurance rounds out our employee
benefits solutions, and we’re proud to be the first to offer group whole life that can
be funded using fringe dollars. This partnership underscores our commitment to our
clients that we’ll innovate and get better every day.”
As opposed to term life, group whole life gives participants enhanced long-term security
with guaranteed premiums and lifetime benefits. Moreover, this highly liquid employee
benefit offers participants easy access to cash. For plan sponsors, the group whole life
solution offers tax savings and can reduce payroll burden.
Cremons added, “This is a win-win for employers and their employees. Contractors will benefit
by saving money, making them more competitive on bids and attracting the right employees. When employees feel confident about their financial security, they tend to be less distracted
by personal finances, more productive on the job and likelier to stay with their current employer.”
To see if your company qualifies for group whole life insurance, contact Beneco at
(800) 965-2702.
About Beneco
Beneco allies with contractors to empower them to build their businesses, while helping their employees, and our own, to build a secure and prosperous future for their families. Specializing in bundled benefits solutions, Beneco offers employers retirement and insurance products that
minimize expenses, reduce administrative burden, and increase fiduciary liability protection. For more information, visit www.Beneco.com
Press Contact: Blair McCarty
Sales & Marketing Creative, Beneco
480-850-2523
[email protected]
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