Life insurance is a contract between the employer

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accident, dental, disability, vision, and life insurances. Life insurance is a contract between the employer (insurer) and the employee (insured) where the insurer agrees to pay a certain amount of money to an entitled beneficiary in exchange for a premium upon the death of a policy holder. Sometimes, terminal illnesses can also trigger this payment. Disability insurance, also known as DI, is managed by Social Security Administration. DI offers financial protection to employees who become disabled during working period making them ineligible to ever work again. Accident insurance provides compensation to the beneficiary or the insured in case of death or physical injury caused by an accident. On the other hand, dental insurance is a form of health
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Running head: Employee Benefits 3 insurance where the insurer pays a portion of money for the insured’s dental care whereas in vision insurance, the insurer pays a portion of money for vision care expenses like eye examination, purchasing eye glasses and many more. Providing a broad range of benefits to workers attracts desirable employees because career oriented personnel look for long-term work and an employer who can take care of their family together with their retirement benefit plan. Additionally, these benefits reduce employee turnover rates because an employee is less likely to leave a job where a good benefit plan is offered and also improves employee morale. Moreover, these benefits improve the financial
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  • Fall '17
  • Employee Benefit, DI, Social Security Administration, International Journal of Humanities and Social, Vassall III

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