Pan-American Life Insurance Company Benefits

Pan-American Life Insurance Company provides several types of retirement benefits and other welfare benefits. Like Pan-American Life Insurance Company workers, countless Americans participate in employer-financed group health plans, through which businesses typically pay a significant portion of their employees' health insurance premiums. In this setup, employers are provided with tax deductions for their contributions and workers are given the coverage tax-free. Pan-American Life Insurance Company provides dental and health plans. Pan-American Life Insurance Company also provides death benefits, which cover certain causes of death, group life insurance, and long-term disability insurance. To help secure a stable money flow later in life, many employees take advantage of employer-sponsored pension plans. Pan-American Life Insurance Company offers defined benefit pension plans and defined contribution pension plans. With a defined benefit pension plan, workers collect fixed payments upon retirement. With a defined contribution retirement plan, employers help workers save and invest for retirement.