A Complete Retirement Picture
Total Retirement Outsourcing
As one of a handful of providers that services both defined contribution and defined benefit plans, Clarity Life Insurance is an innovator in Total Retirement Outsourcing (TRO). Our TRO services enable employers to simplify the administration of their retirement program while improving employees’ understanding of the retirement planning process.
Defined Contribution
We’re passionate about helping employers deliver retirement planning solutions to their employees that encourage savings and may result in better financial outcomes for plan participants. Our defined contribution approach pairs efficient recordkeeping services for the employer with a quality experience for the plan’s participants.
Defined Benefit
Clarity Life Insurance knows employers want to provide meaningful employee benefits while maintaining strong financial performance. Our approach emphasizes high quality data management and detailed, accurate reporting in addition to refined budgeting and forecasting. We also combine asset management, risk management, and actuarial services to provide a cohesive, comprehensive, and complete defined benefit solution.
Nonqualified Deferred Compensation
A nonqualified deferred compensation plan (NQDC) does more than give your executives a powerful retirement investment opportunity. It offers a way for your organization to attract and retain the best talent to help you pursue financial and strategic success. We’ll provide access to leading investment choices, and to a wealth of experience in best practices for financing NQDC plans.
A Holistic Approach
Going above and beyond traditional retirement offerings means offering integrated services. For example, self-paced participant education modules and access to health coaching, both of which can help reduce current and future healthcare expenses. Down the road it could include integrating an HSA so participants have access to both retirement and health savings accounts on a single website. You could bundle traditional offerings with voluntary benefits to help avoid unexpected expenses that could require retirement plan withdrawals. It could even mean adding a student loan repayment program to help improve talent recruitment and retention.
Health Savings Accounts
HSAs provide significant tax benefits for payments of medical expenses today, and with features like investment options, rollover, and portability, they can also help supplement your employees’ retirement savings tomorrow. Our HSA, offered on an industry-leading technology platform, allows participants to interact with their retirement plans and HSA in a seamless way via web, app, and call center.
Student Loan Debt Repayment
We have three providers that can help design and implement a student loan repayment service for our clients at negotiated pricing. Through our student loan partners, we provide Communication (education, loan forgiveness information), Consolidation (loan consolidation, refinancing options, loan forgiveness), and Contribution (ability to develop plans that meet employer objectives).
Voluntary Benefits
Clarity Life Insurance Employee Benefits offers a comprehensive suite of supplemental health and life insurance products designed to help fill the gaps major medical insurance leaves open. Our solutions are designed to help cover the expenses and the interruption of income that can come with an unexpected medical emergency — and help protect employees' long range financial objectives.