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Barham Benefit Group

Barham Benefit Group. A SUCCESS STORY ( in 142 seconds ) THAT COULD BE YOUR SUCCESS STORY. Group Insurance Navigation Experts. 1. ?. Question. What if you could offer your entire workforce benefits..

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Barham Benefit Group

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  1. Barham Benefit Group A SUCCESS STORY (in 142 seconds) THAT COULD BE YOUR SUCCESS STORY Group Insurance Navigation Experts

  2. 1 • ? Question

  3. What if you could offer your entire workforce benefits.. • they could notget on their own • guaranteed issue – noone turned away • at nocost to the employer & affordable rates for employees • with turnkey education and administration (minimal effort on your part)

  4. According to the Towers Watson 2013 Survey The percentage of employers that expect voluntary benefits to be very important to their total rewards strategy will more than double over the next five years jumping to 48%. The primary reasons companies adopt these voluntary options are to provide personalized benefits that fit employees’ needs/lifestyles and to enrich their total reward packages. The most popular voluntary offerings currently provided by employers include life, long-term disability, vision, dental, accident, critical illness, identity theft and financial counseling.

  5. Employees Want Options A recent success story… Central Illinois municipality interested in providing their employees with new benefit options. Yet they wish to do this without adding cost to their operating budget, while at the same time minimizing internal administrative resources for education and enrollment.

  6. Goals • Augmenting current employee benefit options • Utilize voluntary benefits options • Provide opportunity across diverse job & income levels • Include employee groups covered by union contracts • Utilize turnkey system Central Illinois Municipality Partners with BBG

  7. Results • Augmenting current employee benefit options – 4 benefit options offered • Utilize voluntary benefits options –4 voluntary products offered; short-term disability, long-term disability (augments current plan), vision, term-life • Provide opportunity across diverse job & income levels - yes • Include employee groups covered by union contracts – yes • Utilize turnkey system – done, using proprietary GIS system provided free of charge

  8. Highlights Employee paid long-term disability Firefighter 71% participation Police 53% participation 30% Total Municipality Participation Typical participation • Plan works in conjunction with employer paid 50% plan • Issue included all employee groups (including fire and police)

  9. Highlights Employee paid term-life insurance Police 88% participation * Nearly 3 times normal participation rate! Firefighter 85% participation * Typical participation * Guarantee issue term-life products are typically difficult to procure in these professions. • Guaranteed Issue up to $150,000 • Issue included all employee groups (including fire and police)

  10. Other Facts • Interest in vision benefit was consistent with industry average of 30% • Short-term disability numbers affected by generous employer provided sick and vacation benefits. • Education and enrollment completed quickly and within deadline with minimal resource allocation of municipality.

  11. Barham Benefit Group Group Insurance Navigation Experts

  12. Barham Benefit Group (BBG) • Proven ability to partner with employersto provide employeeswith popular top-shelf benefit options while controlling cost. • Employees maintain core coverage with access to voluntary benefits at group rates to provide for their personal and financial needs. • Education and administration occur seamlessly utilizing turnkey enrollment and administration software provided to you at no cost. Choice Savings

  13. Benefit Options Available through BBG • Traditional Core benefits (including dependent coverage options) • Health • Dental • Vision • Voluntary Benefit Options (with portability options) • Guaranteed Issue Term-Life Insurance • Whole Life • Long-term disability • Short-term disability • Accident • Critical Illness • Home • Auto • Identity Protection

  14. Why Wait? In 6 short weeks, you can receive a FREE full benefit analysis and your employees can have an improved set of cost effective benefit choices.

  15. Contact me today Terrin Krantz Barham Benefit Group 919 W Kirby Ave, Champaign, Illinois

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