It’s kind of like the great deal you hear about on a TV that turns out to be a refurbished version of a brand you can’t find on Google, featuring 5 year old technology, a 30 day warranty and poorly translated instructions (that can provide unexpected entertainment).
The true cost only becomes apparent after the purchase (usually just after the warranty has expired).
In Group Benefits clients frequently tell advisors they “want more for less”.
Many clients have been led to believe the lowest price on the spreadsheet is the only cost to consider when choosing a benefits plan. Experienced plan administrators and clients know there is a lot more to consider.
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