Group Insurance Plans

Abstract

Group insurance is an important management tool. It is generally recognized that the company without a sound group insurance plan cannot compete successfully with others in its field in attracting and holding worthwhile personnel. Group insurance is basic to a positive and productive employer-employee relationship. It is no longer a fringe benefit but a vital part of employee compensation. Group insurance protection is highly valuable to employees. Regardless of the extent to which they may share the cost of the insurance with their employer, whatever they pay will normally be substantially less than the price to them as individuals outside of the employee group.