Voluntary insurance premiums are generally paid on a payroll deduction basis. Typically, the only cost to the Employer is the cost of the payroll administration. Employees may elect a qualified plan, a non-qualified plan or both. Employees may make systematic payments into their annuity on a weekly, biweekly, monthly or almost any mode they desire. Or - an employee may elect to make periodic payments throughout the year, or purchase an annuity on a Lump sum single premium basis.
Plans are available for an employee's spouse.
Do not require employee to enroll if employee only wants to provide a plan for the employee's spouse. No participation requirement - so long as all employees are interviewed. A group presentation prior to the actual enrollment. One on one employee interviews. Enrollments should be done on company time.