Group Term Life Insurance

Group Term Life insurance provides employees with life insurance while they are working for the employer.

This coverage is paid for by the employer and does not require medical underwriting.   Employees choose their beneficiary.

Some common benefit levels of Group Term Life insurance include:

• Flat Dollar Amount Insurance (i.e., $100,000)
• Salary Based Benefit (i.e., benefit equals two times the employee’s annual base salary)

This is a very inexpensive way to offer a valuable benefit to employees.