Employee Benefits with No-Cost to Employers
Business organizations sometimes can not afford the costs associated with Employee Retirement plans and Life insurance to employees. With the Living Benefits plan, employers will be able to offer Employee Benefits in form of a Life Insurance plan that allows to build a Retirement Plan and provide much needed cash in event of a serious illness. This plan can be customized to the financial need and cost affordability of the employees, so employers will not incur any cost.
No administration cost to implement program. FEG representatives will take care of plan roll-out.

TYPICAL FINANCIAL SCENARIO:
If the employee is already 40 years of age, how much income will be required to be replaced if they become disabled for a period of time. If the employee is in the hospital and not able to work, then how is the paycheck going to be earned? What about accumulation of medical expenses and extra help that may be required, who is going to pay for that? If they have kids, they need to account for educational expenses and the overall cost of household expenses, mortgage and car dues. A quick way to make assessment of the income requirements is to ask yourself: Is the current income sufficient to meet your current household expenses? Then how much more do you need if you had to incur medical bills and additional expenses on top of that? What about if you get injured and become disabled for life or develop a disease and can’t work fulltime anymore? What are your monthly income needs.

THE SOLUTION:
Employees need a financial plan that will provide money when common life events occur that affect their ability to earn a living. The primary attributes of this plan will cover Disability, Accelerated Benefits, Retirement and Long-Term Care. This plan will also provide resources for major life events such as education, wedding, new baby, new house, which are all discretionary. A financial resource that is not contingent to credit qualifications but instead are cash funds that accumulated from monies that they gradually set aside which continues to grow multiple fold and are Income-Tax Free.

HOW DO I GET THIS PLAN?
A needs analysis must first be performed to identify the Income that will need to be replaced and for how long. That information and the employee's personal information are then keyed into a projection-software which will calculate your contribution, cash accumulation, total cash benefits, retirement income projection and monies available in case of disability or illness for the present time-frame, to retirement age and up to their estimated age of death. Once this is identified, then we will help them complete a 7 page application form which primarily is about your state of health and personal vital information. No detailed financial information will be required on the application other than annual income and net worth. The information provided will be used primarily by the underwriters for risk assessment.

HOW TO GET STARTED:
Make an appointment with one of our Financial Services Consultants by calling (707) 344-6062.
We will assign a consultant to come and meet with you at your place of business. It will take approximately 30 minutes to show you a projection and complete an application. A medical test will be scheduled in which a licensed paramedic will contact the employee for an appointment. This is to confirm their state of health. Once all required information are received by the insurance underwriting dept, they will make a decision and if approved, their Living Benefits plan will be issued.

EMPLOYEES' health and ability to make income is their biggest asset. If employees loose that ability without a financial plan to replace that income, their family’s well-being is what puts them at risk. Don’t wait ‘til that happens!