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Our Services
At Preferred Benefit Solutions, we are an independent insurance agency that offers a variety of affordable insurance services, including employee benefits and life insurance options. We understand that comprehensive employee benefits are crucial for attracting and retaining top talent in today's competitive job market. Our aim is to help business owners create a robust benefits package that not only shows that you value your employees, but it also helps to increase employee satisfaction and productivity in the workplace. Additionally, we believe that providing individuals with reliable life insurance coverage is essential for peace of mind.
Employee Benefits
When it comes to Employee Benefits, we know that one size does not fit all. That’s why, at Preferred Benefit Solutions, we will work with your company to develop a variety of benefit packages that meet employee and management needs, both for now and the future. From the initial consultation for the plan design, to implementation, our professional staff will guide your company – big or small – through the process, ensuring a seamless experience. Once your plans are in place, we will continue to offer ongoing communication and education, including benefit updates to keep you and your employees informed.
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At Preferred Benefit Solutions, our philosophy is simple: Finding a reliable and effective health insurance package should be fast, easy and affordable. As an independent insurance agency, we work for you. We find the best health insurance products from our wide range of insurance carrier options. There are lots of changes coming to healthcare over the next few years. Our professionals will keep you up to date so you can get the best coverage available.
Term Life Insurance
For Individuals, Business Owners & Employees
Term life insurance, the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
Permanent Life Insurance
For Individuals, Business Owners & Employees
Permanent life insurance, by contrast provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.
Universal Life Insurance
For Individuals, Business Owners & Employees
Universal life insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly.
Whole Life Insurance
For Individuals, Business Owners & Employees
Whole life insurance is a contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.
As the most basic form of cash-value life insurance, whole life insurance is a way to accumulate wealth as regular premiums pay insurance costs and contribute to equity growth in a savings account where dividends or interest is allowed to build-up tax-deferred.
