Cincinnati Financial Corporation Benefits

Cincinnati Financial Corporation provides many options for retirement savings plans and welfare benefits for their workers. Like Cincinnati Financial Corporation, many companies in the United States provide health benefits for their employees, through which companies typically foot the bill for a considerable portion of their workers' health insurance premiums. In this arrangement, companies are provided with tax deductions for their contributions and workers are given the insurance tax-free. Cincinnati Financial Corporation offers health, dental, and vision coverage. Cincinnati Financial Corporation also provides group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-funded retirement plans help to guarantee a steady flow of money later in life. Cincinnati Financial Corporation provides defined benefit pension plans and defined contribution pension plans. Businesses with defined benefit retirement plans pay retirees a predetermined amount when they reach retirement. With a defined contribution retirement plan, employers help workers save and invest for retirement.