Employee benefits have become a cultural norm in many companies and many employers today rely on various voluntary benefits to satisfy this need. Voluntary benefits consist of products such as life, disability, critical illness, and accident insurance. These benefits are usually offered through a partial contribution by the employer or sole payments by the employees. Most voluntary benefits offer an employee group rate to products individuals normally wouldn’t be able to afford.
Big insurance companies such as Allstate, Aflac, and MetLife carry voluntary benefits and offer companies a tailored service for their employee demographics. In their partnership with miEdge, a business intelligence data analytics firm, Employee Benefit Advise introduced the top 25 large -group voluntary insurance carriers in the US. Allstate Insurance ranked #1 with more than $293 million in -force premium. Aflac followed in #2 and Colonial Life in #3.