Life insurance offers employees peace of mind by offering their families dependable security. Benefits are paid to a designated beneficiary upon death of a covered employee. A benefit for Accidental Death and Dismemberment (AD&D) increases the employee’s voluntary life insurance benefit when the loss is the result of an accident. Additional coverage of up to $500,000 per employee can be acquired. We also offer larger life insurance policies for dentists and their spouses. Term life insurance offers peace of mind at an affordable rate.
The life insurance offered by us is a voluntary product, which means employees have the option to enroll. The voluntary nature of the product allows the insurance premium to be paid for in a variety of ways, unlike health insurance, which requires employers to pay a minimum of the premium. Typically, premiums are 100% employee funded, however, employers have the option to fully fund the premiums. Additionally, there can be a cost-sharing arrangement between the employer and the employee. Any employee who elects a short-term or long-term disability policy automatically receives a life insurance policy.
The pre-existing condition clause is waived for groups with two or more enrolled employees. One-person groups who elect to apply for life insurance will have a pre-existing condition clause incorporated into their policy.
Unlike the short-term and long-term disability insurance products, the life insurance offered by us is portable! Upon termination of employment or retirement, former employees are able to continue their insurance without evidence of insurability.
We offer term life insurance from one of the nation’s top insurance companies! All of our products can be customized to fit your needs.