Group Life Insurance
Group life insurance provides financial security to employees’ families in the event of an untimely passing. Unlike individual policies, group life insurance is an employer-sponsored benefit that offers lower premiums and simplified underwriting. Businesses can choose from:
Offering group life insurance demonstrates a company’s commitment to employee well-being while helping workers feel more financially secure.
- Basic Group Life Insurance: A standard life insurance benefit provided by employers at no cost to employees, offering financial protection to designated beneficiaries.
- Supplemental Life Insurance: Employees have the option to purchase additional coverage beyond the employer-provided benefit, ensuring adequate protection for their loved ones.
- Accidental Death & Dismemberment (AD&D) Coverage: Provides additional payouts for accidental death or severe injuries resulting in loss of limbs, eyesight, or hearing.
Offering group life insurance demonstrates a company’s commitment to employee well-being while helping workers feel more financially secure.