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Workplace Benefits

The majority of American works consider workplace benefits as a deciding factor in whether or not they accept a job. Benefits make life easier for employees and their families. This is why most employers pay careful attention to the benefits they provide. Better benefits attract better works.

Types of Workplace Benefits

Not all jobs offer the same types of benefits. Some of the most common include long term care insurance, which helps the insured pay for long term care. Long term care is needed when a person can no longer perform certain daily activities, such as feeding or bathing themselves.

Disability insurance provides income for employees who are unable to work because they are sick or injured. Short-term disability is the easiest to get, and it replaces a portion of the employee’s salary for a short time.  Long-term disability is available after short-term disability expires. As the name suggests, it provides coverage for a longer period of time than short term coverage.

Accident insurance provides coverage for injuries resulting from accidents. These accidents are sometimes only covered if they occur on the job. But some policies may include more types of incidents. This money can help pay for deductibles, co-pays, therapies, and x-rays.

Critical illness/cancer insurance is for people who think they may be stricken with a critical illness or cancer. Keep in mind you must be well when you apply for this coverage. If you are already sick, then you will be denied coverage. And universal life insurance is a popular form of life insurance. The policy does not expire as long as you pay the premiums. And there is the ability to invest a portion of the premium payments so they gain interest.