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| EMPLOYEE BENEFIT
COVERAGE |
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| Basic Group Term Life Plan |
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You can help make benefits
available to your employees based on benefit options you set such
as a multiple of earnings, occupation, years of service, or some combination
of those factors. |
| Supplemental Group Term Life |
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At no cost to you, Supplemental
Group Life allows your employees to purchase additional life insurance
coverage with the convenience of payroll deduction. The plan features
a low minimum participation requirement. |
| Accidental Death and Dismemberment |
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This coverage provides
your employees with additional limited benefits in case of death -
or loss of limb or eyesight - due to an accident. |
| Dependent Group Term Life |
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Your employees may purchase
limited coverage for their spouse and children. |
| Group Dental Insurance |
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For groups of five or
more employees, cost-effective dental plans are available which combine
managed care with freedom of choice. Plans can cover only preventative
and basic services or comprehensive dental care. |
| Medical Insurance |
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Medical care benefits
cover expenses related to hospital, surgical and physician services
provided to an employee and eligible dependents. You can tailor a
medical program to meet the needs of your employees by choosing from
a wide range of plans with optional deductibles and copayment amounts.
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| Short Term Disability |
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Paying a disabled employee's
salary while simultaneously funding replacement help can put you in
a bind. Short term disability coverage provides a short term disability
income benefit to help free your operating funds for more critical
business needs. |
| Long Term Disability |
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Long term disability
coverage helps protect disabled employees against loss of income and,
as a result, helps you manage the substantial expense of prolonged
disability leaves. Available to groups of 15 or more employees, the
plan is structured to promote quicker returns to work by disabled
employees. This long term disability plan contains a wide range of
flexible features to help you meet your plan design and cost management
goals. The partial disability benefit provides a financial incentive
for employees on long-term or short-term disability to return to work
on a part-time basis. |
| 401(k) and SEP Retirement Plans |
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Plan for your retirement
and give your employees the opportunity to secure their futures with
a 401(k) and SEP retirement plan. Today's most popular retirement
plan is a 401(k) plan. Our turnkey plan makes it easy for businesses
to offer this valuable benefit to its employees. A SEP, or Simplified
Employee Pension, combines the tax benefits and savings power of a
retirement plan such as Profit Sharing or a 401(k) with the simplicity
of an Individual Retirement Account (IRA). Furthermore, a SEP can
help you and your participating employees lessen your tax obligations
while building retirement funds. |
| SEP-IRA |
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A SEP-IRA permits you
to make tax-deductible contributions directly to IRAs owned by you
and your employees. The contribution limits are identical to those
of a qualified profit-sharing plan. While a SEP-IRA resembles other
types of qualified retirement plans, it has one important advantage:
simplicity. Qualified pension or profit-sharing plans are subject
to extensive reporting and disclosure requirements with the Internal
Revenue Service and The Department of Labor that can make set-up and
administration time-consuming and costly. A SEP-IRA, on the other
hand, is easy for you to set up and maintain. |
| Acquiring Coverage |
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For a free, no-obligation
quote, or to complete an online request, please call toll-free 1-866-876-2265
or try us on the web by clicking on Insurance. Tell the customer service
representative which type of coverage you are interested in, and you
will be connected to the insurance specialist who can best serve your
needs. If you have existing policies, it is best to call 60 days before
they expire. Having your current policy handy will give you a more
accurate comparison of available coverage, but it is certainly not
required. Please call any time for a quote or application. |
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Insurance is primarily underwritten by Transamerica Life, Great American Life Insurance Company, First Colony Life Insurance Company, Provident Life and Accident Company, American United Life Insurance Company, Manulife Financial, AmerUs Life Insurance Company, and American General Life Insurance Company. Other companies through which insurance may be available are: Hartford Insurance Company, Chubb Group of Insurance Companies, Travelers Insurance Company, and Foremost Insurance Company. Insurance products
offered, recommended or sold by ECB Insurance
may be subject to investment risks, including loss of
principal, and are not: Visit our Insurance Frequently Asked Questions |
|
The East Carolina Bank, 35080 US 264 / P.O. Box 337 ,
Engelhard, NC 27824
Phone: (252) 925-9411, Fax: (252) 925-8491
Email: ecbonline@ecbbancorp.com