Tampa, FL (PRWEB) June 1, 2006
SCI, a national leading Professional Employer Organization (PEO), announced today that effective immediately, it is adding employer-paid short-term disability (STD) and long-term disability (LTD) insurance plans to its existing voluntary benefits offerings through Jefferson Pilot Financial.
The new STD and LTD plans will be offered at a discounted rate based on the client’s employee census and nature of business. The discounted rate requires a 100% employer contribution towards the coverage for all active full-time employees working 30 or more hours per week and does not require evidence of insurability.
Disability insurance is a meaningful benefit with serious implications when overlooked. According to the National Safety Council, a disabling injury occurs in America every 1.5 seconds. The financial cost of injuries is estimated at more than $224 billion each year. These costs include medical care, rehabilitation, lost wages, and lost productivity.
“Providing disability insurance can be a win-win situation for both employers and employees,” commented Henry Hardin, president & CEO, SCI. “Short and long-term disability insurance plans provide employees with needed income replacement if they are unable to work for extended periods due to an injury or sickness. And by offering a comprehensive employee benefits package, employers can improve employee satisfaction and attract top-notch employees.”
In other news, Jefferson Pilot has recently merged with Lincoln Financial Group. The new Lincoln Financial Group has a 100-year old heritage of helping people find solutions to financial challenges. As one of the largest and most powerful financial services companies in the nation, they are a proven leader in identifying and delivering product solutions. Lincoln Financial is a premier provider of life insurance, annuity, group benefits, retirement income and investment products and services, supported by top-tier retail and wholesale distribution platforms. The merger does not affect SCI clients and their employees who are currently covered under Jefferson Pilot’s plans.
SCI clients who are interested in obtaining a quote for the new STD and/or LTD plans can obtain an employee census from their Client Service Professional. The completed form has to be emailed.
What is a PEO?
Professional employer organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers' compensation. PEO clients focus on their core competencies to maintain and grow their bottom line. For free quotes on HR outsourcing, email SCI at email@example.com.
About SCI Companies
SCI Companies is a “Best in Class” provider of HR outsourcing, specializing in payroll, human resources, benefits and workers compensation administration. Founded in 1985, SCI is one of the largest privately held Professional Employment Organizations (PEOs) serving more than 1000 clients nationwide. For more information, visit http://www.scicompanies.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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