This simple strategy could provide enormous saving to boost your bottom line.
We have all seen significant increases in our costs of employee and executive benefits due to the ACA but did you know that there is a part of your employee benefits where you may be able to save up to 50 – 70% of its total cost immediately and ongoing?
There are no smoke and mirrors, tax strategies or unrealistic assumptions, just straightforward cost savings. This one simple discovery demonstrated to a Midwestern hospital how to reduce its life insurance costs from $2.8 million annually down to less than $1 million immediately, with the exact same coverage and using a very well-known and top rated insurance company.
Implementation is simple. “White Collar” employees are guaranteed issue (provide a census and a check) while “Grey Collar” are generally simplified issue (answer a few medical questions).