Group LIFE INSURANCE

Group Term Life Insurance

In order to recruit and retain the best people in the marketplace, many employers, including school districts, government entities and health care organizations, are recognizing the need to provide the most basic of coverage to employees – term life insurance. At the same time, employees are looking to their employers to offer this coverage as a benefit.

Group Term Life is an annual renewable term life insurance product designed for groups of 10 or more employees.

Group Term Life features the following:

• Minimum death benefit: $10,000
• Supplemental employee and dependent coverage available
• Optional riders and benefits, including Waiver of Premium, Accelerated Death and Accidental Death and Dismemberment
• Customization of the plan to fit each group's needs
• Coverage can be converted to an individual policy if an employee changes jobs