Streamline and Simplify Your Benefits Offering

An employee at work feeling a sense of security about the job.

Five Benefits of Consolidating Life, Disability, and Voluntary Insurance coverages with New York Life Group Benefits Solutions

As you continue to look for additional ways to create an effective and easier benefits experience for you and your employees, consider the benefits of offering multiple lines of coverage under one roof with New York Life Group Benefit Solutions.

This approach helps to simplify benefits administration for you while creating a more holistic, easier benefits experience for your employees.  

Here are a few of the benefits to having multiple coverages with us:

  1. Simplified Administration: By consolidating benefits, we can help streamline administrative processes. Dealing with multiple carriers can be time-consuming and confusing. With a single carrier, employers can simplify enrollment, billing, and claims management all through one portal, which reduces the administrative burden, allowing HR teams to focus on more strategic initiatives.

  2. Enhanced Employee Experience: Combining life insurance, disability coverage, and voluntary benefits with us creates a more seamless benefits experience for your employees. They can access benefits through a single portal, have consistent benefit education materials making it easier to understand and manage their coverage.

  3. Cost Savings: Creating a full benefits offering with us can also lead to additional cost savings for you and your employees. In some cases, we’re able to offer reduced rates when multiple solutions are bundled together. Lower rates mean lower premiums for your employees, making benefits more affordable and accessible.

  4. Integrated Coverage: This means that your benefits work together, providing broader employee protection, building confidence and loyalty. And with a connected claims experience, we’re able to be more proactive in keeping employees healthy and productive, by identifying additional benefits and programs that can help based on the claim they submit.

  5. A tailored, holistic enrollment approach: Having multiple coverages with us further enables the development of an end-to-end enrollment strategy that offers a consistent approach to communicating and promoting your benefits. 

As we get to know your organizational goals, workforce demographics, and the specific needs of your employees, we can provide insight-driven guidance on the right solutions, as well as the best way to drive participation in all coverages. 

Accident Insurance, Critical Illness Insurance, and Hospital Indemnity Insurance are limited benefit policies. Accident insurance pays benefits for accidents only. These products are not health care insurance and do not satisfy the requirement of minimum essential coverage under the Affordable Care Act. Product availability may vary by state and is subject to change. Voluntary benefit products are not available in New York. Policy forms: Accident: GBS-AI-1000.00; Critical Illness: GBS-CI-1000.00; Hospital Indemnity: GBS-HI-1000.00. 

Policy forms: Disability -TL-004700 et al. and Term Life -TL-004700 et al.

New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY, and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company. Life Insurance Company of North America is not authorized in NY and does not conduct business in NY.