Benecaid looks forward to continuing to help Advisors reach success in 2019 with simple and affordable health benefits plans for their SMB clients. Last year was an interesting year for employee benefits, with digital disruptors affecting the industry. We thought we’d take a look back on some of the most notable industry tips and news we’ve shared with our Advisors last year that are sure to be just as or more relevant this year. These articles are definitely worth revisiting.
In no particular order, here are the top Advisor tips of 2018:
Employees are increasingly interested in workplace benefits over pay raises and are drawn to employers who promote a healthy work-life balance. In fact, according to a Glassdoor survey, 79% of employees prefer benefits or perks over a pay raise. Thus, it is important for Advisors to stress the value of employer-provided taxable benefits that promote health, fitness, education and well-being.
While many Advisors know that Benecaid’s Honeybee platform combines insurance with nontraditional benefits, they might not realize that these nontraditional benefits can also be added to existing plans, without any need for clients to switch plans from their current providers. Honeybee’s Health and Allowance accounts provide a flexible way for employers to meet the needs of all their employees.
In today’s economy, technology is instrumental in driving efficiency. That’s why Benecaid’s Honeybee platform includes virtual health care designed to help employees save valuable time and reduce stress with convenient, on-demand, online medical-related consultations.
Not only is Honeybee the first Advisor-supported digital benefits platform, but it’s also a powerful marketing tool. As a shareable and interactive platform, Honeybee allows Advisors to easily attract new clients remotely with a personalized link. This allows potential clients to easily preview Honeybee’s features as well as view their quote on-demand.
As a relationship-based business, most Advisors believe that they have an ethical obligation to clients to create a succession plan, yet only an estimated 80% have a written plan. Succession planning can be a daunting task, but with the average age of independent insurance Advisors in Canada pegged at close to 60, succession planning becomes critical as more and more Advisors near retirement. And, ironically, everyone in the insurance industry knows that it’s never too early to begin planning. With that in mind, Benecaid offers this advice on how to start the process.
We will continue to offer our trusted Advisors valuable tips during the coming year, and look forward to continued success during our collaboration in 2019. If you are interested in becoming a Benecaid Advisor, contact us at firstname.lastname@example.org or call 416-626-8786 to speak to one of our Benecaid Benefit Consultants.