Nationwide Mutual Insurance Company Benefits

Nationwide Mutual Insurance Company provides many pension plans and perks to promote employee well-being. Like Nationwide Mutual Insurance Company employees, many members of the American workforce depend on employer-funded group health plans, through which a sizable proportion of each employee's health insurance premium is covered by their employer. In this arrangement, businesses are given tax deductions for their contributions and workers receive the insurance tax-free. Nationwide Mutual Insurance Company provides health, dental, and vision benefits. Nationwide Mutual Insurance Company also provides group life insurance, death benefits, which cover certain causes of death, short-term disability insurance for accidents or illness, and long-term disability insurance. To help secure a stable income flow later in life, many employees enroll in employer-funded retirement plans. Nationwide Mutual Insurance Company offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, employees collect predetermined compensation when they retire. With a defined contribution pension plan, employers help employees save and invest for retirement.