In our local economy, finding quality employees is a challenge all businesses face. Keeping those employees is an equally imposing challenge. Employees today are seeking companies that offer competetive employee benefits in addition to generous wages. Wages and benefits go hand in hand to keep employees motivated and happy.

Employee benefits can help reduce employee turnover, increase morale, improve your company's productivity and stability.

These benefits don't need to cost a fortune. Through voluntary payroll deduction programs, you and your employees have access to valuable protection at very little cost to the company.

We can help you to implement any of the following benefits for your employees:

Health Insurance

Life Insurance

Short Term and / or  Long Term Disability

Dental Insurance

Vision Insurance

 

Call us at 985-857-7000 or e mail us at agent@houmahealth.com  to get a no obligation quote for your employee benefits.

We may be able to save you some money!

Life insurance is a risk management tool.

As a business owner, risk is something you learn to live with. Every time you introduce a new product, expand your business procedures, finance a new business endeavor, increase your production capacity, accept a sale on credit; you are taking certain amounts of risk. In addition to insuring against losses due to liability issues, property loss, loss due to accidents, acts of nature, vandalism or theft, you can also insure against the complexities you would face at the loss of a key employee.

You can ease the risk that would face your business if one of your key employees was no longer available . By purchasing life a life insurance policiy on the key employees of your business, you could ensure that your company would continue to be financially sound, that your family would be financially secure or that outstanding loans would be paid for without burdening those left behind.

As a business owner, you have invested a great deal of time, money and your energy into growing your business to make it successful. Your efforts have provided income for your family as well as for the families of your employees.  Your business contributes a great deal to the local economy and community.  If something were to happen to you, could your business continue to prosper without you?  Who would carry on if you should become disabled, retire or die? 

A buy - sell arrangement identifies a buyer and it sets a fair and equitable price for the buy out in the form of a contract between you and that prospective buyer. Many people fund the arrangement with the purchase of a life insurance policy on the seller. This ensures the seller and the buyer that the money will be available to complete the buyout when the owner - seller dies. The buy - sell arrangement also identifies the selling price the buyer will pay  to the owner - seller's family so there will be no negotiations necessary at a time when the owner-seller's family may be vulnerable.

There are several ways to fund a buy-sell arrangement.  We can help you through this process by explaining your options and helping you to make the proper decision for your situation.

Key Person Life Insurance is when the business owns a life insurance policy on the life of an employee who is vital to the operations and success of that business. It protects the business against the financial loss caused by the death of that person.

Key Person Life insurance can be used when recruiting, hiring and training a replacement would be expensive to that company.  It can also be used when losing a top "sales representative or rainmaker" could result in loss of sales, contacts or a long term decrease in income if customers go elsewhere. Another use for key person insurance is when losing a key person would result in a loss of income to the company even though expenses remain the same for the company.

Life insurance can provide the proceeds in cash to help recruit, hire and train a replacement and replace lost income. It can provide a cash cushion to help employees, shareholders and creditors feel more comfortable in the business's long term prosperity and stability.

What would happen to your family if you could not work due to illness or injury?

It is hard to think about what could happen to your family if your financial support was no longer there for them, but it is something that can happen.

Here are the facts:

1 in 3 working Americans will become disabled for 90 days or more BEFORE age 65. *

The average disability lasts 2 and a half years. *

More than 80% of working Americans don't have disability income insurance or they are not covered adequately.**

Did you know that your chance of being disabled during working years is 2 to 3 times greater than the chance of dying?*

What would your family do if your paychecks suddenly stopped because you are injured or ill and could not work any longer? Your monthly expenses would continue and possibly even increase due to the increased medical expenses, but your income would stop.  Do you think Social Security would protect you?  For most people, Social Security does not pay nearly what they were making before becoming disabled even if you could qualify to receive your Social Security benefits due to the disability.

Disability Income Insurance will provide a greater portion of your pre - disability income to provide the monthly income to maintain your standard of living. You will retain your dignity and independence without burdening others and you can keep your financial dreams and goals in place.

Contact us to discuss ways you can protect your family from an unexpected illness or injury that could derail all of your financial hopes, dreams and plans.

 

*Commissioner's Individual Disability Table A

** National Underwriter Magazine, May 2001