Group Life Insurance
Peace of Mind for Your Employees
Group life insurance provides a financial safety net for employees and their families. It offers a death benefit to beneficiaries if an employee passes away while covered under the policy.
How Group Life Insurance Works
An employer purchases a group life insurance policy that covers all eligible employees. The cost is often shared between the employer and employees. Employees typically receive a set amount of coverage, often based on their salary.
Benefits of Group Life Insurance
Types of Group Life Insurance
Additional Coverage Options
Many group life insurance plans offer additional coverage options, such as:
Group Life Insurance and Your Business
Offering group life insurance can be a valuable employee benefit that boosts morale and attracts top talent. It also demonstrates your company's commitment to the well-being of your employees.
Contact us today to explore group life insurance options for your business.
How Group Life Insurance Works
An employer purchases a group life insurance policy that covers all eligible employees. The cost is often shared between the employer and employees. Employees typically receive a set amount of coverage, often based on their salary.
Benefits of Group Life Insurance
- Affordability: Group life insurance is generally more affordable than individual policies due to economies of scale.
- Employee satisfaction: Offering group life insurance demonstrates an employer's commitment to employee well-being.
- Financial protection for families: Provides a financial cushion for employees' loved ones in the event of their death.
- Simplicity: Group life insurance is easy to administer for both employers and employees.
Types of Group Life Insurance
- Term Life Insurance: Provides coverage for a specific period, typically one to 20 years.
- Whole Life Insurance: Offers permanent coverage with a cash value component.
Additional Coverage Options
Many group life insurance plans offer additional coverage options, such as:
- Accidental Death and Dismemberment (AD&D) Insurance: Provides benefits in case of accidental death or dismemberment.
- Dependent Life Insurance: Covers the lives of an employee's spouse and children.
Group Life Insurance and Your Business
Offering group life insurance can be a valuable employee benefit that boosts morale and attracts top talent. It also demonstrates your company's commitment to the well-being of your employees.
Contact us today to explore group life insurance options for your business.
