Group Life Insurance Coverage
Your employees can rest assured when it comes to their future knowing that they have life insurance in place. We’ll help you find a plan that is affordable and comprehensive.
Group life insurance shows employees you value what matters most to them—their loved ones.
Many employers offering employee benefits consider group term life insurance an essential part of their benefits package. Why? It provides employees with a basic level of protection. Plus, adding voluntary term life insurance to your benefits package allows employees to purchase additional coverage for themselves and coverage for their dependents.
You can choose to pay for all, part, or none of the premium for life insurance. If your budget is tight, your employees could cover any costs associated with voluntary term life insurance.
Employers have a wide variety of optional plan designs to customize a group life insurance plan. Optional coverages include:
- voluntary life insurance
- supplemental life coverage
- accidental death and dismemberment policies
- dependent life insurance
The premium paid for group life insurance is generally a business deduction, and this stand-alone contract is usually less expensive than the life coverage provided with medical/health insurance.
We will help you find group life insurance that meet the needs of you and your employees.