Voluntary Benefits Overview
Voluntary benefits, like Group Whole Life, are benefits employees can opt in to in addition to standard employer-sponsored benefits packages. Whether you’re considering a basic plan review, benefits enhancement, or full/partial replacement of your benefits packages, we are here to help you explore options.
Voluntary Benefits Options
Group Whole Life (GWL)
GWL Insurance offers employees lifelong, portable coverage with guaranteed benefits and the opportunity to build cash value. Learn more
Group Universal Life Insurance (GUL)
GUL Provides employees with affordable, permanent, and portable life insurance that features flexible premiums and optional guarantees, adapting to their changing needs.
Group Accident Insurance
Although accidents can’t be entirely avoided, Group Accident Insurance helps employees manage the financial impact by offering a lump-sum payment after a covered injury. This allows them to focus on recovery instead of expenses.
Group Critical Illness (Specified Disease) Insurance
Critical illnesses such as heart attack, stroke, or cancer can impact families in many ways. Group Critical Illness insurance offers a lump-sum benefit paid directly to help cover medical or personal expenses.
Reasons To Offer Voluntary Benefits
Voluntary benefits are a type of fringe benefit that provide win-win solutions for both employers and employees. Here are some of the reasons companies offer voluntary benefits:
Attract and retain top talent. Employers can stay competitive and attract/keep top talent by offering employees [opt-in] benefits that help them meet both their personal and professional goals, bridge the gap between insurance coverage and actual needs and reduce stress.
Increase job satisfaction. Additional benefits, such as legal services, financial planning services and critical illness insurance tell employees their employers care about their whole selves. Valued employees are more loyal employees.
Improve employees’ health. Many voluntary benefits, such as gym memberships, help employees stay healthy, mentally and physically. Healthy, less stressed employees are happier and more productive.
IMPORTANT DISCLOSURES
Product availability varies by carrier, state, and individual eligibility. Not all products listed are available in all states or to all applicants. Product descriptions on this page are for general informational purposes only and do not constitute a solicitation or offer to sell any specific insurance or annuity product. All products are subject to underwriting approval and applicable state insurance regulations. Riders and benefits are subject to additional charges, terms, conditions, and limitations. Variable products involve investment risk, including possible loss of principal, and are sold by prospectus. FundaDream Insurance Solutions, Inc. is a licensed California insurance corporation. Consult the applicable carrier contract for full terms, conditions, and limitations. FundaDream’s charitable giving is made from general corporate revenues at the sole discretion of FundaDream leadership and does not constitute compensation to any licensed insurance professional.
The decision to purchase life insurance should be based on long-term financial goals and the need for a death benefit. Life insurance is not an appropriate vehicle for short-term savings or short-term investment strategies. While the policy allows for loans, you should know that there may be little to no cash value for loans in the policy’s early years.
The information provided is not written or intended as specific tax or legal advice. FundaDream, its employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
Insurance products and services are offered through FundaDream Insurance Solutions, Inc., California License No. 0M95835