Permanent
cannot be cancelled or taken away once issued as long as premiums are paid; intended to be for life
Portable
when a staff member retires or otherwise moves on their benefits go with them; the rates remain the same
Pretax
as an IRS Section 125 plan, all premiums are paid pretax, saving the employee on federal income taxes and reducing the business’ payroll taxes
- May be modified each year
- Paid directly to employee or beneficiaries, regardless of other coverage
- Most have family and single parent coverage available