Voluntary Benefits – WoodmenLife@Work

Small Business Benefits Solutions

One of the toughest challenges you face as a small business owner is attracting quality employees and keeping them. Unless they’re given a competitive package of voluntary insurance and retirement benefits in the workplace, they might leave.

You need WoodmenLife@Work.

Expand Your Coverage

WoodmenLife@Work offers a simple way to make life insurance and annuities available to your employees at little or no cost to your small business. These are voluntary products, which means the employees pay the premiums.

This access allows employees to plan for their own futures, freeing you to focus on the day-to-day aspects of actually running your business.

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Benefits for You

  • No cost to you
  • Attract and keep top talent
  • Easy to maintain
  • Inspire employee loyalty
  • Employees pay all premiums
  • You can participate, too
  • A financially strong, community-oriented company behind you
employees

Benefits for Your Employees

  • Easy payment via payroll deduction
  • Products they already want and need
  • Convenience of purchasing through the workplace
  • Portability – Employees own the product(s)
  • Access to a variety of customer benefits just for doing business with us.

According to Voluntary Benefits magazine, fewer than 2% of all employer-paid group term life insurance plans will provide a cash benefit to a beneficiary, so a portable life insurance plan from WoodmenLife@Work can be a great addition to your existing group term plan.

How it Works

1

Your employees purchase individual insurance or annuity products from WoodmenLife (purchase is voluntary).

2

You deduct the insurance premiums and/or annuity contributions from their paychecks.

3

You then forward the premiums to WoodmenLife. It’s as simple as that.

Your professional WoodmenLife Representative will provide service after the sale, and can add employees as needed.

Employee Retention Made Easy

Give your employees the opportunity to protect themselves and their families by making one or more of these WoodmenLife products available in your workplace:

  • Life Insurance
  • Annuities

WoodmenLife has partnered with other insurance companies, through our subsidiary, Woodmen Insurance Agency, to offer a variety of products issued by other insurers, such as:

  • Major Medical
  • Disability Insurance
  • Long Term Care Insurance
  • Supplemental Insurance

When you help your employees with the groundwork of selecting the various plan options through WoodmenLife@Work, you all win.

Contact your local WoodmenLife Representative for more information, or call 1-800-225-3108.

A lot of [our employees] had never had these kind of benefits as options. Our WoodmenLife Representative showed them how affordable it was to cover themselves and their families.

Char Stacy Steve Stacy Roofing, Blue Ridge, GA

Helping You Help Your Employees

They Want Voluntary Benefits

Recent studies show that half of employees say buying insurance at work is the preferred way to get it.

X + Y

Employees – especially from Generations X & Y – are willing to pay for benefits that provide value.

44 Percent

Forty-four percent of Americans are worried they haven’t saved enough for retirement.

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When it comes to voluntary benefits, life insurance is a priority for employees.

50% Percent

Half of the households in America (73 million people) would feel the financial impact from the loss of their primary wage earner in a year or less.

30 Percent

Thirty percent of U.S. households (73 million people) know they need more life insurance coverage.

40 Percent

Most employees would prefer a greater variety of benefits to choose from, and 40% say that benefits tailored to their needs would make them more loyal.

You Need to Offer Voluntary Benefits to Remain Competitive

39 Percent

39% of employees strongly agree that a well communicated benefits program would make them less likely to leave their jobs.

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The cost of replacing an employee can equal 150% of his/her annual salary.

WoodmenLife will work closely with you to find the voluntary benefits plans that fit the unique needs of your small business and your employees.

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