Group Life Insurance (Whole Life & Term Life)

Benefits of a Group Voluntary Whole Life Insurance in the Workplace:

FOR THE EMPLOYER 

•  Assists in employee retention and staff recruitment.  Add a valuable employee benefit with no cost to the company. 

•  Easy setup and enrollment - All we need is an employee census. We take care of the rest, including initial and annual enrollment processes.

•  No interruption during work hours.

•  Ten-minute enrollment process (non-work hours), online self-enrollment or assisted by our staff.

EMPLOYEE BENEFITS

•   Guaranteed Issue Ages 18-75 – Employees can choose up to $100,000 of coverage GUARANTEED ISSUE.  Employees cannot be turned down due to health concerns.  An additional $250,000 of coverage is available express issue using a simple five question application without a medical exam.  

•   Premiums - will NEVER increase.  All employees receive group unisex rates, regardless of health.  Smoker or non-smoker rates.

•  Death benefit – Guaranteed to remain level or increase for life.

•  Cash Value – is guaranteed to increase annually. 

•  Dividends – While not guaranteed, dividends have been paid every year since 1869. Dividends  in addition to cash value.

•  Portability - After termination of employment, the program can continue for life.

•  Living Benefits - Can receive an advance or accelerated payment of a portion of the death benefit if diagnosed with a terminal or chronic illness.  There is no cost to the employee for this rider.