A retirement plan such as a 401(k) is only one part of overall financial wellness for employees. To create a comprehensive benefits package, Coastal Wealth Management LLC. serves as an access point to a wide array of benefits, such as group-wide hospital indemnity insurance, or voluntary life insurance coverage offered on an individual-basis.

Accident, Critical Illness, Disability, Life Insurance, Dental and Vision are examples of helpful coverage that can be offered to your employees in the form of voluntary benefits. The advantages of offering these benefits to your employees on a voluntary basis are:

• Premiums can be conveniently deducted via payroll, premiums may be tax-advantaged, lowering an employee’s taxable income, and premiums on coverage acquired through an employer are often lower than what employees could purchase on their own.
• Coverage acquired through an employer also often provides a level of guaranteed issue to employees.
• Voluntary benefits allow employees to select only the benefits they view as necessary, creating a safety net unique to their needs.
• This creates a more robust benefit package for your business or corporation, which can be offered entirely on a voluntary-basis (employee-paid) at no cost to the employer.

Our licensed life and health advisors partner with insurance carriers like Colonial Life, Guardian Life, and Principal Financial to bring ancillary and group benefits directly to your place of work. We coordinate with our insurance carriers to create annual enrollment schedules and on-site employee education that fit the busy schedules of you and your employees.