This document presents a group benefit package including health insurance, life insurance, and supplemental health insurance. It emphasizes the importance of insurance for financial security in the event of unexpected medical costs or loss of income. The package provides affordable group term life insurance, health insurance tailored to individual needs, and supplemental insurance to cover additional medical expenses like deductibles.

1. Group Benefit Package
Presented for:
Preferred Choice Financial Group

2. Mission Statement
To provide my clients with the necessary
information and guidance to secure their
family’s future in case of an unexpected
event.
Liam O’Brien

3. The services I provide my
clients
FOUR CORNERSTONES OF FINANCIAL SECURITY
Wealth creation and
management
Wealth protection
Retirement
Estate
Planning
Liquidity
Living
Benefits

4. Definition of Insurance
 Insurance is a device to minimize risk of
uncertainty regarding loss by spreading the
risk over a large enough number of similar
exposures to predict the individual chance
of loss

5. The Importance of Insurance
The importance of insurance to protect and
individual’s, family’s or business from
financial hardship in the event of a loss of a
large dollar amount
A sever car accident which may cause an individual
great financial loss… Average medical costs due to
a sever car accident;
approximately $50,000 and up

6. The high costs of borrowing
Loan Amount Cost over 10 years Cost over 20 years
$50,000 $74,906.61 $112,220.01
$100,000 $149,813.22 $224,440.01
$200,000 $299,626.44 $448,880.03
Using an %8.25 semi-annual interest rate
This shows the importance of insurance
for financial security…

7. Employee Benefits
 Health Insurance
 Group Term Life Insurance
 Supplemental Health Insurance

8. Money Savings with
Employee Benefits
Payroll taxes for your workers’
compensation, unemployment insurance
and FICA contributions could be as much
as 10% of payroll.
Pre-tax benefit payments will reduce your
employee’s taxable income and as a result
reduce your contributions.

9. Employer Tax Savings
Average Monthly Redirected Premium per Employee
# of
Employee
s $100 $150 $200 $250 $300
10 $1,200.00 $1,800.00 $2,400.00 $3,000.00 $3,600.00
20 $2,400.00 $3,600.00 $4,800.00 $6,000.00 $7,200.00
30 $3,600.00 $5,400.00 $7,200.00 $9,000.00
$10,800.0
0
40 $4,800.00 $7,200.00 $9,600.00 $1,200.00
$14,400.0
0
50 $6,000.00 $9,000.00
$12,000.0
0
$15,000.0
0
$18,000.0
0
100
$12,000.0
0
$18,000.0
0
$24,000.0
0
$30,000.0
0
$36,000.0
0
200
$24,000.0
0
$36,000.0
0
$48,000.0
0
$60,000.0
0
$72,000.0
0
The chart is based on a combined Social Security (FICA) and federal unemployment
(FUTA) tax rebate of ten percent. Additional state and local taxes may apply in some
states which could affect overall tax savings.
EMPLOYEE SAVINGS WITH PRE-TAX DEDUCTION PLAN
(Based on $1,000 a month income)

10. Employee Tax Savings
Without
Premium
Pre-tax Plan
With Premium
Pre-tax
Plan
Monthly Pay $1,000 $1,000
Insurance Premium(before taxes) $0.00 ($100)
Taxable Income $1,000 $900
Federal Income Tax(25%) ($250) ($225)
$750 $675
Insurance Premium(after taxes) ($100) $0.00
TAKE HOME NET PAY $650 $675
Monthly increase in take-home
pay $0 $25
Annual increase in take-home
pay $0 $300

11. Health Insurance

12. Importance of Health
Insurance
 Health insurance is important because coverage
helps people get timely medical care and improves
their lives and health.
 Overall, uninsured people get about ½ as much
care as privately insured people.
 Uninsured adults get fewer preventive and
screening services and on a less timely basis
– this leads to the uninsured to be MORE sicker and
more apt to die prematurely than their insured
counterparts

13. What does Health Insurance
Cover?
Health Insurance covers a lot of different
things such as:
– Routing check-ups; which can help reduce the
possibility of getting sick and prolong life
– Cover medical expenses due to an emergency
or an illness
– Help people get timely medical care, than those
without insurance.

14. Group Term
Life Insurance

15. Life Insurance at a glace
 Life insurance takes the financial burden off of
family members to worry about how they are
going to pay for things such as:
• Funeral expenses
• Final medical bills
• The loss of income due to the death of the bread winner
 Life insurance can help your family deal better of
the stress that the loved one has past away…

16. Group Term Life Insurance
- from Liberty National
Guaranteed Rates – once you purchase the
plan your rates will not increase
Your coverage can never be reduced or
cancelled as long as you pay premiums
You can continue your coverage after you
leave employment
Up to $50,000 of insurance protection
available

17. Supplemental Health
Insurance

18. Market Summary
Market:
– The average yearly deductable for health
insurance is approximately $5,000

19. Why is supplemental health so
important?
Problems and opportunities:
– Many people find it difficult to pay for their
deductable in the event of a traumatic even,
such as a car accident or the development of
cancer.
– People also find it difficult to pay bills when
the bread winner is either incapacitated or
distracted by the tragic event.

20. – Supplemental Health Insurance can aid these
burdens by providing available funds to the
insured.
An example of this would be:
Jane works for the local law firm and finds out she has
developed cancer.
The average cost for cancer treatment start at
approximately $5,000.
(cont’)

21. Jane and her family have a medical deductable of $5,000
before the insurance company will begin to cover any
major medical coverage. Jane and her family must now
come up with this amount and still pay the bills…
“…how does supplemental health insurance help?..” you
ask…
By paying the insured directly anywhere from $5,000 to
$15,000 (depending on the policy), to help pay for the
treatments along with other expenses…
This takes a HUGE stress of the family, and allows them to
help Jane through her treatment…

22. Summary
Insurance is important to provide financial
security to someone and/or their family
Benefits package includes:
– Affordable Group Term Life Insurance
– Health Insurance; Tailored to the individual’s
needs.
– Supplemental Health Insurance; to cover
addition medical expenses.