Group Life Insurance
Group life is available to clients with 2 or more
employees. The most common plans offered by employers
provide a multiple of an employee’s salary starting
with 100% to as high as 500%. Some employers offer a
flat benefit amount such as $25,000 or $50,000 of
coverage. Benefits can vary by employee classification
such as income or job title. This benefit is typically
paid for by the employer.
Life related benefits include:
- AD&D – accidental death and dismemberment (usually equal to the basic life benefit)
- Dependent Life covering spouses and children of employees
- Travel Accident plans
| Group Size: |
2 or more employees |
| Rate Guarantees: |
2 or 3 years |
| Plan Types Available: |
Traditional or Voluntary |
| Plan Considerations: |
- Health underwriting for small groups under 2-9
- Guarantee issue 10 or more employees
- Guaranteed coverage amount varies by size of group and
volume of coverage purchased
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Copyright ©2000 Horizon Agency, Inc. All rights reserved.
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