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Individual & Employee Benefits

Morin Associates offers a myriad of Employee Benefit products suitable for all industries.

Employee Insurance Offerings

In today’s environment, offering the right insurance benefits can be a challenge. You want to provide the best possible plan for your employees yet it must be cost-efficient for your business. Morin Associates is committed to health, dental, vision, disability, life, and long-term care insurance for both our commercial customers, who need group coverage for their employees, as well as the individual or family that needs coverage.

With the changing face of health insurance in today’s market, we are staying abreast of the latest developments that will affect the coverage you expect as well as the cost impact upon you. We have the wide array of health insurance options available in our area, and we will always present to our customers the best options at the best price available.

Morin Associates offers free, comparative quotes on group benefits from multiple insurance carriers so you can get the best possible rate whatever your group size or benefit goals.Want to see how much we can save you and your business?

Individual & Family Insurance Offerings

Individual insurance programs are designed for individuals and families who cannot obtain health insurance through an employer. Due to the continually rising cost of medical care, dental care, and more, it has become important to provide insurance for you and your families. Morin Associates offers insurance programs to individuals which offer extensive coverage as well as high-deductible programs which are designed to protect against catastrophic financial losses.

As an independent agency, Morin Associates can provide insurance plans from numerous carriers. With the insurance market changing frequently, we are always on the lookout for quality, service-oriented insurance companies for our clients.

Morin Associates offers free, comparative quotes on individual/family insurance from multiple insurance carriers so you can get the best possible rate. Want to see how much we can save you? Just request a quote to find out.

Flexible Spending Accounts

Create Tax-Saving Opportunities for You and Your Employees

Flexible Spending Accounts or FSAs will allow employers and employees to expand the tax-saving benefits of a premium only plan. They also enable companies to provide superior health care benefits, increasing employee satisfaction, and retention.

Flexible Spending Accounts allow your employees to set aside a portion of their paychecks for healthcare and dependent day care expenses before taxes are calculated. The more they take advantage of this benefit, the less you’ll pay for payroll taxes, including Social Security and Medicare. Depending on your state, a Flexible Spending Account program may also reduce the cost of your workers’ compensation insurance.

For more information about Flexible Spending Accounts or to discuss your business needs, please contact us:

Final Expense Insurance

Final expense insurance helps families cope with the loss of a loved one by guaranteeing all funeral and burial expenses will be paid for. With so many different options to choose from, the cost for a service, burial plot, casket, and headstone can range anywhere from $1000 to $10,000, and the grieving period is no time to be making complicated financial decisions.

Final expense insurance is a perfect alternative to traditional life insurance, because it is more affordable, no medical exam is required, and premiums will not increase over time. In addition, final expense insurance can provide funds to your family within 24-48 hours of your passing whereas traditional life insurance plans can take weeks to pay out. This instant, short-term monetary relief can be crucial for staying current with mortgage payments and covering day to day living expenses.

No longer a luxury, final expense insurance is a necessity. So what are you waiting for? Give yourself and your loved ones peace of mind today.

Morin Associates offers free, comparative quotes on final expense insurance from multiple insurance carriers so you can get the best possible rate. Want to see how much we can save you? Just request a quote to find out.

Annuity Products

A fixed annuity can help you accumulate tax-deferred earnings as part of your overall retirement plan. Annuities offer the opportunity for lifetime payments and tax-deferred earnings, and provide a guaranteed death benefit for your beneficiaries. All guarantees are backed by the continued claims-paying ability of the issuing insurance company.

You may want to consider investing in an annuity as part of your long-term financial strategy if:

  • You’re in a higher tax bracket, and want to defer additional income.
  • You’ve reached your deductible limit on all your retirement accounts and wish to save more for retirement.

An annuity is different from most other retirement savings vehicles — it’s actually a contract between you and an insurance company. In return for making one or more premium payments, the insurance company agrees to provide you an income stream — usually during retirement. You can elect to receive payment all at once or as a series of payments, even for the rest of your life.

Morin Associates offers free, comparative quotes on fixed annuities from multiple insurance carriers so you can get the best possible rate. Want to see how much we can save you? Just request a quote to find out.

Employee 401K Plans

401(K) plans are tax-deferred retirement savings plans for employees. The employer sets them up and each company has a slightly different 401(k). They are part of a family of retirement plans known as “defined contribution” plans – the amount contributed is defined by the employer or the employee. 

When you join a 401(K) plan, you tell your employer how much money you want to contribute to your account. This amount is deducted from your salary before taxes are applied, so you pay less income tax. More importantly, the money is deducted even before you have received it, making it the easiest savings plan to contribute to. Your employer may match a portion of your contribution.

The money is invested by the plan administrator (on your behalf) in mutual funds, bonds, money market accounts, etc. You decide the mix of investments. They usually have a list of investment vehicles you can choose from as well as some guidelines for the level of risk you are willing to take. Since the plan is an incentive for retirement savings, there is one condition: if you withdraw the money before you are 59½  years old, you will have to pay tax as well as a 10% penalty fine to the IRS.

For more information about 401(k) Retirement Plans or to discuss your specific business needs, please contact us: