Learn
Concierge Insurance.
From Start to Claim™
Group life insurance doesn't begin when it's time to write a claim check. We provide resources your employees and their families can use right now to help manage emotional, financial, and legal issues.
We offer resources for employers too - with a designated claim specialist for your entire group, detailed implementation and administration kits, e-certificates that are available right away, plus helpful online tools.
Many of our clients bundle multiple insurance policies for convenience, discounts, and broader protection. Explore these other personal insurance options.
Our group life insurance plans provide services and tools your employees and their family members can take advantage of today.
Group life insurance is a benefit offered by many employers that provides life insurance coverage to eligible employees under a single policy. If a covered employee passes away while the policy is in force, the designated beneficiary generally receives a tax-free death benefit that can help replace lost income, pay outstanding debts, cover funeral expenses, or provide financial security for the employee's family.
Group life insurance is one of the most common and valued employee benefits because it offers affordable financial protection for employees and their loved ones.
An employer purchases a group life insurance policy that covers eligible employees. Many employers provide a basic amount of life insurance at no cost to the employee, while additional voluntary coverage may be available for employees, spouses, and dependent children.
The amount of coverage is often based on a flat dollar amount or a multiple of the employee's annual salary.
Eligibility for group life insurance depends on the employer's benefit plan and the insurance company's requirements. Full-time employees are commonly eligible, while some employers also extend coverage to part-time employees or other qualifying groups.
Your employer can explain the eligibility requirements and enrollment process for your specific benefits program.
Group life insurance provides valuable protection, but it may not provide enough coverage to meet your family's long-term financial needs. Many employer-sponsored plans offer coverage equal to one or two times an employee's annual salary, which may not be sufficient to replace years of income or pay off significant financial obligations.
Many individuals choose to supplement their employer-provided coverage with an individual life insurance policy they own personally.
Yes. Many employers offer voluntary group life insurance that allows employees to purchase additional coverage beyond the employer-paid benefit. Employees may also have the option to purchase coverage for their spouse and dependent children through payroll deductions.
Voluntary group life insurance often provides an affordable way to increase your family's financial protection.
In many cases, employer-provided group life insurance ends when your employment terminates. Some policies include portability or conversion options that allow you to continue coverage under certain conditions, although premiums and coverage terms may change.
Understanding your policy's portability or conversion options before changing jobs can help you avoid an unexpected gap in coverage.
Many employer-sponsored group life insurance plans provide a guaranteed amount of coverage without requiring a medical exam. However, employees requesting larger amounts of optional life insurance may be required to complete health questions or provide evidence of insurability.
The underwriting requirements depend on your employer's benefit plan and the insurance company offering the coverage.
The cost of group life insurance depends on factors such as the employer's benefit plan, employee ages, coverage amounts, and whether the employer pays all or part of the premium. Basic employer-paid life insurance is often provided at little or no cost to eligible employees.
Additional voluntary coverage is typically available at competitive group rates through payroll deductions.
Group life insurance is an attractive employee benefit that can help businesses recruit qualified employees, improve retention, increase employee satisfaction, and demonstrate a commitment to supporting employees and their families. It is often one of the most affordable benefits an employer can add to a comprehensive employee benefits package.
Many businesses combine group life insurance with health insurance, disability insurance, dental insurance, and vision coverage to create a competitive benefits program.
Both employers and employees should review group life insurance coverage annually and whenever significant life or business changes occur. Marriage, the birth of a child, purchasing a home, salary increases, business growth, or changes in employee benefits may all affect the amount of life insurance that's appropriate.
Regular reviews help ensure employees maintain adequate financial protection while allowing employers to offer competitive and valuable employee benefits.
