Business and Corporate Accounts
Employee benefits have rapidly become an integral part of the strategic planning process for businesses of all sizes. Also, in today's competitive labor market, companies that do not provide perks and other benefits to their employees risk losing both existing and potential workers to rivals who do.
We can work together to come up with ideas that will help an organization succeed in its goals of attracting and retaining top talent, increasing productivity and morale, facilitating work-life balance for employees, decreasing turnover and absenteeism, maximizing tax benefits for both the business and its workers, and demonstrating its dedication to its workers' health and happiness.
So, what are the different benefits we can create and give to your company?
Employee Retirement Program
An employee retirement program helps employees save and invest for their senior years. SSS and Pag-Ibig pensions are standard retirement savings choices for employees. These pensions are inadequate for retired employees.
By developing employee retirement programs through investment plans for each employee. The company may match the employee's plan contributions up to a certain level. Employees need retirement programs to save enough for retirement. Retirement plans also attract top professionals with attractive benefit packages.
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Corporate Buy-Sell Agreement
A buy-and-sell agreement (or buy-sell agreement) is a legally enforceable agreement between company partners that specifies the procedures to be followed in the event of the death or departure of one of the partners. The remaining partners or the partnership will typically purchase the available share as per the terms of the buy-and-sell agreement.
To cover the cost of a potential buyout in the event of a partner's death, life insurance policies are frequently used in conjunction with buy-sell agreements.
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Every worker is important to the growth of the business, but only a few are "essential." Losing a key employee can be very bad for a business, especially if that person is well-known, has a lot of experience, or brings in a lot of customers. Because of this, many companies buy key-person insurance to protect themselves while they look for new leadership.
Many businesses get keyman insurance to protect themselves from the possible financial effects of losing a key worker. The policy's goal is to protect the business's finances in case the key person gets sick or hurt and can't work. Loss of income, training for new employees, and paying off debts are all things that Keyman Insurance might help with. The strategy can be changed to fit what the business and key employees need.
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Keyman Insurance
Registered Financial Planner
Executive Financial Advisor
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AXA Philippines
Unit 9 LightSite Parc,
A.S. Fortuna St,
Mandaue City, Cebu,
Philippines 6014
Melvin B. Mella
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