We know that much of your company’s success depends on the talents of your most valuable asset: YOUR EMPLOYEES!
However, keeping the people who keep the business going is easier said than done. Higher pay is only one of the answers. Traditional group insurance plans often fall short of providing executives and key employees with adequate coverage. Petschauer Insurance specializes in providing innovative solutions that encompass carve-out programs for key executives.
What We Do
We design, implement and administer executive benefits programs that help companies like yours offer key executives long-term financial stability. The advantage of attracting, retaining and rewarding top talent through their working career helps with turnover cost savings, employee satisfaction, and ultimately enables loyal, quality people to be contributors to the future of not only their own retirement but the growth of your business.
From plan design and consultation to complete plan administration, we’ve got you covered.
Corporate Sponsored Protection
Executive Deferred Compensation
VOLUNTARY CORPORATE-SPONSORED INDIVIDUAL INSURANCE PROGRAMS
Traditional group insurance plans can often fall short of providing executives with adequate coverage. Petschauer Insurance specializes in providing innovative solutions that encompass carve-out programs that businesses can leverage to attract and retain key talent with little to no cost to the firm! Our Voluntary Benefits program provides an additional layer of benefits for your senior executives and key employees without having to make any changes to the group benefits already in place.
Our corporate programs usually allow for discounted rates not available in the individual retail market, and depending on the size of the group, employees may be eligible to obtain coverage for limited to no underwriting! Our voluntary offerings cost companies nothing. The employees choose to apply and pay for the offerings.
We design, implement and administer executive benefits programs that help companies like yours offer key executives long term financial stability. The advantage of attracting, retaining and rewarding top talent through their working career helps with turnover cost savings, employee satisfaction, and ultimately enables loyal, quality people to be contributors to the future of not only their own retirement but the growth of your business.
Petschauer Insurance’s expertise, personalized support and administrative capabilities yield higher participation levels in employer–sponsored voluntary insurance offerings than you may have thought possible.
Voluntary Supplemental Disability Income Insurance
Most Group Disability plans fall short of protecting high income earners. Bonus compensation and base salary above a certain maximum aren’t covered, and disability benefits are often subject to federal, state and local taxes. Corporate-sponsored disability insurance (DI) closes the compensation gap your executives face and are becoming popular additions to the suite of group benefits that organizations need to stay competitive. Highlights of the program and key attributes include:
Whole Life Insurance
Cash Value Whole Life insurance from the highest quality carriers. Benefits to your employees
Long Term Care Protection
An increasing number of employers are offering long-term care insurance as part of their benefits programs. This coverage can protect the employee and their families from the devastating costs of nursing home, assisting living, home care, and other services required to facilitate such daily activities as eating, dressing, and bathing. Long-term care insurance offered as corporate benefit are generally less expensive than coverage purchased in retail setting. Policies are also available to cover the employee’s spouse and their parents. If someone in their family requires care, your key employee may not have to stop working to assume caregiver responsibilities. Having Long Term Care protection on themselves and their family provides resources to pay for their care allows the employee can remain productive in their career.
Cash Indemnity Policies
We offer Policies that pay cash for employees and their families in the event of Critical Illness, Cancer, Hospitalization, Disability and Dental expenses. These are affordable plans that supplement existing medical benefits.
DEFERRED COMPENSATION and EXECUTIVE RETIREMENT PLANS FOR KEY EMPLOYEES
Most of your employees can replace their entire income after retirement with a tax-deferred plan, like a 401(k). But your top executives can’t.
Most of your employees fund their retirement with a tax-deferred plan, like a 401(k). But top executives may not have this option. Due to government rules, their contribution potential can be restricted, which limits their ability to accumulate sufficient funds for retirement. In fact, they may be able to replace only 30 to 50 percent of their salary because of government rules. That’s where a well-designed executive benefits solution come in. That gives your business a serious recruiting and retention advantage — if you offer a competitive executive benefits program.