Life Insurance

Life Insurance

Basic Term Life:
One year renewable group term life insurance that provides a scheduled benefit amount or multiple of pay to an employee’s beneficiary in the event of the employee’s death. You will appreciate our generous maximum and non-medical issue amounts. Death benefit amounts vary from $10,000 to $250,000.

Supplemental Term Life:
Employee-pay-all (voluntary) protection that offers employees additional amounts of group life with portability (portability feature subject to state availability).

Dependent Term Life:
A voluntary enhancement to life plans that offers employees the opportunity to purchase group term life insurance for their spouses and/or dependent children at group rates.
 

Accidental Death and Dismemberment Insurance (AD&D):
Accidental death and dismemberment insurance (also known as AD&D) is a form of insurance covering death or specific types of injury as a result of an accident. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held. Death by illness, suicide, or natural causes is generally not covered by AD&D. Additionally, AD&D generally pays benefits for the loss of limbs or fingers, or sight. The types of injuries covered and the amount paid vary by insurer and package, and are explicitly enumerated in the insurance policy.

Supplemental Term Life:
Employee-pay-all (voluntary) protection that offers employees additional amounts of group life with portability (portability feature subject to state availability).

Dependent Term Life:
A voluntary enhancement to life plans that offers employees the opportunity to purchase group term life insurance for their spouses and/or dependent children at group rates.