EMPLOYEE INSURANCE

Benefit Mutual Insurance (BMI) offers your Employees the following Insurances: Disability Insurance, Employer-Sponsored Retirement, Group Disability Insurance, Group Benefits, Individual Life Insurance, Retiree Health Coverage, Voluntary Benefits, etc.

  • Disability Insurance (DI) insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. In the case of psychological disorders, injury, illness or condition that causes physical impairment or incapacity to work this policy encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD). If you need more information, please contact Benefit Mutual Insurance today!
  • Employer-Sponsored Retirement (ESR) are known as pension plans. Employers sponsor defined benefit plans and typically hire investment managers to make investment choices. The employer shoulders the investment risks. A defined contribution plan, such as a 401(k), 457(b), 403(b) and Tax-exempt Earnings Growth.  If you need more information, please contact Benefit Mutual Insurance today!
  • Group Disability Insurance (GDI) helps provide income in the event of disability. Many employers offer their full-time employees, group, short and long-term disability coverage as a benefit. You can also purchase an individual disability income policy to either supplement a group plan or provide additional coverage if a group plan is unavailable. If you need more information, please contact Benefit Mutual Insurance today!
  • Group Benefits (GB) is a single policy for all employees of the same company, along with their dependents, provides bottom-line coverage such as health, life, vision, hearing, etc. Under a group benefit plan, the employer or association will be issued a master policy that will be distributed to all employees working for that company.  If you need more information, please contact Benefit Mutual Insurance today!
  • Individual Life Insurance (ILI) is crucial for helping to ensure that family needs are met in case of the death. You need a life insurance policy if anyone depends on your income or stands to inherit a financial burden in the event of your death. Term and Whole Life policies are available. If you need more information, please contact Benefit Mutual Insurance today!
  • Retiree Health Coverage (RHC) provides retiree health coverage to businesses in Tennessee. The number of retirees will continue to increase and this can be overbearing for you and your business. Coverage includes Medicare, Customized Retirement Plans, Prescription Coverage and more!  If you need more information, please contact Benefit Mutual Insurance today!
  • Voluntary Benefits (VB) is when employees can elect to add to their plans to fill gaps in health insurance to meet their needs. Voluntary benefits are offered by employers but are paid completely or mostly by employees through payroll deferral. If you need more information, please contact Benefit Mutual Insurance today!