Preparing you for the unexpected is the foundation of Group Life Insurance.
Group Life Insurance plans can provide financial assistance for your employees and their families in the event of a death.
With a wide range of coverage amounts to choose from, it will not be hard to find one that is perfect for your employees and their loved ones. They don't even need medical evidence. These amounts can be based either on a multiple of the employee's annual salary, or a specific amount.
There are several types of Group Life Insurance available:
- Employee Term Life
- Dependent Term Life
- Optional Term Life
- Accidental Death & Dismemberment
- Voluntary Accidental Death & Dismemberment
- Group Life Conversion
In the event that a member's Group Life Insurance ends or is reduced, they may be eligible to convert to an Individual Life Insurance policy without providing medical evidence within thirty-one days of leaving the plan.