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Do Employees Place Value on Benefits Provided?

The answer to this question is yes! When an individual is considering making a change in employment, one of the top factors they will...
August 12, 2005

By Elizabeth Whitworth
Lockton Risk Services
PIA Services Group Insurance Fund Administrator

The answer to this question is yes!  When an individual is considering making a change in employment, one of the top factors they will think about is the company provided benefits.  Often even a minor benefit change can make a big impression on a current or potential employee.

Over the past 15 years, employers across America have been forced to re-evaluate their approach to employee benefits.  A number of factors have contributed to this new attitude of interest and concern; rising benefits costs, new product availability, recruitment competition, legislative interventions, complicated compliance issues and more.

Choosing the right partner to assist in navigating this type of environment is extremely important.  For this reason, the PIA Services Group Insurance Fund continues to endorse UNUM Life Insurance Co. of America as the provider for the Basic Term Life Insurance Benefits package with Lockton Risk Services as the plan administrator.

The already competitive rates are decreasing by an average of 10%.  The decrease goes into effect 8-1-05 for new business and 10-1-05 for existing accounts. This means the ability to offer your employees a value added benefit is available at an even lower cost to you, the employer.

One of the most unique features about this Basic Life Insurance product is that it is guaranteed issue.  With 100% group participation and employer paid premiums, this coverage is available with no medical underwriting necessary up to guaranteed issue limits.  That is almost unheard of in today's marketplace.

While the group plan administrator, Lockton Risk Services, is always available to answer your questions on all our products at 1-800-336-4759; you may also visit the website at www.piatrust.com for more product information.  As a matter of convenience you can complete the census form on-line and submit it for a quotation.

Do yourself and your employees a service by checking out the Basic Life product today. If you already have this coverage, then check out the other products including Voluntary Life, Dependant Life, Accidental Death & Dismemberment, Long and Short Term Disability, Hospital Income and Business Overhead Expense.

PIA Connection

This article originally appeared in the July/August 2005 PIA Connection.