The extra-legal benefit par excellence: the Securex Group Insurance plan
A carefully considered package of extralegal benefits will convince suitable candidates to choose your customers. What’s more, it will motivate the best employees and will ensure employees’ commitment to their company.
The Securex Group Insurance Plan is the extralegal raise par excellence.
How does the Securex Group Insurance work?
Instead of a direct raise, the employer will transfer a monthly premium into the group insurance plan on behalf of the employee. He will build a considerable pension capital and a financial protection for his family. And in the meantime, your customer does not have to pay heavy fiscal and social charges.
What’s more, the employer is always in charge:
- He decides which employees take part in the group insurance plan.
- He chooses the extent of the cover: In case of early death of an employee, or continuous and temporary unfitness for work, hospitalisation, etc.
- If the employee wishes additional cover next to the employer’s contributions? Then the employee will pay the additional premium himself.
The benefit for the company
An ordinary raise can be quite expensive: On top of the net raise, you are required to pay social security, taxes, etc. What may appear a small bonus to an employee requires a hefty financial effort on behalf of your customer. And this may not always be feasible.
The Securex Group Insurance provides a solution to this problem:
- All premiums can be deducted as professional expenses;
- The taxes amount to only 4.4%;
- The social security charges are limited to 8.86%;
- A small monthly premium will result in a considerable capital in the long term.
The benefit for the employees
The Securex Group Insurance Plan offers a number of important benefits for the employees:
- Extra capital on top of the normal pension;
- Participation in Securex’s profits, on top of the normal capitalisation of the contributions;
- A benefit paid out to the surviving spouse, should the employee die before retirement age;
- Retention of all rights acquired to the capital in case of bankruptcy of your customer;
- Fiscal rebate for own premiums;
- Beneficial fiscal system upon payment;
- Free choice with regard to the destination of one's contract upon resignation/dismissal;
- The group insurance contract can be used as a security to cover a mortgage loan;
- Possibility to receive an advance on the capital.
