Benefit Trust Insurance: Understanding Its Role in Employee Benefits and Financial Security
Benefit trust insurance, also known as employee benefit trust, is a type of insurance policy established by an employer to provide financial protection and benefits to its employees. These policies often cover a range of benefits, including life insurance, health insurance, disability coverage, and retirement plans. One common example is a group life insurance policy, where employees are covered for a certain amount of money in the event of their death, with the employer paying the premiums.