Life Insurance for Employee Retention
Employee Retention Life Insurance in Miami FL, Los Angeles CA and Throughout the U.S.
ESG Insurance Solutions works with employers across the U.S. to provide high quality life insurance so that you can obtain and keep top talent. We understand that employees are crucial to each business and we will make sure they feel valued with their life insurance. A life insurance policy through us offers more than just a death benefit. It allows the cash component of your employees’ life insurance policy to grow and offers retirement income as well as a deferred compensation benefit.
What Does Life Insurance Cover?
Life insurance is designed to take care of expenses a family may face after a breadwinner in the family passes away. If an employee passes, life insurance can compensate their family
Life insurance provides several types of benefits to beneficiaries after the passing of the policyholder. It can provide a lump sum benefit or monthly benefits for things such as:
-Mortgage, utilities and other monthly or daily expenses
-Debts (mortgage, credit cards, etc.)
-Funeral expenses, burial or cremation costs, and other end of life expenses
Certain causes of death may be excluded under some policies. Natural causes, accidental deaths and murder should all be covered under life insurance, but death by suicide may not be covered if the death occurs within the first two years of the life insurance policy.
There are two main types of life insurance policies:
Term Life Insurance
A term life insurance policy covers the policyholder for a set amount of time as determined by the policy. This could be 10 years, 20 years, 30 years or more. If the policyholder passes away within the term limit, benefits will be paid to the beneficiaries named on the policy.
Whole Life Insurance
As its name suggests, a whole life insurance policy lasts as long as the policyholder is alive. There is no term limit with a whole life insurance policy. Some of these policies also allow the policyholder to withdraw cash value, known as universal life insurance policies.
Retain Employees with Life Insurance
Purchase a life insurance plan your employees will appreciate. Call ESG Insurance Solutions at
or fill out an to get started today.
Common Employee Retention Questions
How Much is Employee Retention?
The cost of retaining your employees depends on your retention plan. Life insurance premiums, for example, vary depending on your location, coverage limits and other factors. Fill out an online quote form to find out how much you can save on employee retention life insurance.
What is an Employee Retention Policy?
An employee retention policy refers to a plan created specifically to retain key employees and reduce employee turnover. Life insurance is a key factor in all employee retention policies.
How are Employee Retention Rates Calculated?
Employee retention rates depend on the plan, types of insurance and benefits included, location, size of the business and other factors.