A really great benefit that you can offer your employees is payroll deduction life insurance.  It doesn’t not cost you anything as the employer, but does provide an extra competitive benefit to your people.  The program allows your employees the opportunity to buy term or permanent life insurance insurance through payroll deductions.   On top of that it gives the employees a portable policy that they can take with them if they change jobs.

With the competition heating up for great employees, it allows you to have an option that makes you look great.  Depending on which program is selected, the employees can select either whole life, universal life, or term life insurance.  There is also the option of traditional group term life insurance which is not a portable policy and is paid all,  part, or none by the employer.  This is straight term and there is no option to build equity or cash value in the policy.  Up to $50,000 is exempt from taxation if paid in part by the employer.  The amount that is offered can be anything from one times your annual salary to two times to $10,000 increments.   Life insurance through work generally serves as supplemental as the increments that can be bought are typically not that large.

There are good options on the market for the employer and the employees.