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Developing a Group Insurance Plan for Employees of Cooperatives

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  • Hyre, French M.

Abstract

Excerpts from the report Summary: Many farmer cooperatives already have adopted group Insurance plans for the benefit of their employees. Others have become interested and are seeking Information about them. Most managers of cooperatives that have tried group insurance consider its beneficial effects well worth the cost. They say that it helps an organization attract and hold competent and experienced personnel. They also report that it encourages the employee to feel that the cooperative is interested in his personal welfare, thus bringing about a better relationship between employees and the association. This publication is based upon a study of 40 selected group insurance plans now being used by farmer cooperatives. It discusses the characteristics of group insurance, underwriting practices, and factors affecting cost. It also reports on four ways of determining the amount of insurance to be provided for each employee.

Suggested Citation

  • Hyre, French M., 1955. "Developing a Group Insurance Plan for Employees of Cooperatives," Farmer Cooperative Research Report (FCRR) 314772, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersfc:314772
    DOI: 10.22004/ag.econ.314772
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    Keywords

    Agribusiness; Labor and Human Capital;

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