GROUP LIFE INSURANCE

Extending life insurance benefits tells your employees that you will take care of their family in the event of their death. A one times salary plan let’s employees know that you will provide for their survivors for the next year.

There are various life options you can provide your employees and their families:

Basic Term Life: One year renewable group term life insurance that provides a scheduled benefit amount or multiple of pay to an employee’s beneficiary in the event of the employee’s death.

Supplemental Term Life: Employee-pay-all (voluntary) protection that offers employees additional amounts of group life with portability (portability feature subject to state availability).

Dependent Term Life: A voluntary enhancement to life plans that offers employees the opportunity to purchase group term life insurance for their spouses and/or dependent children at group rates.