Group Life Insurance

Learn about Life Insurance. Employee benefits solutions from United Insurance.

Providing a Life Insurance option for your employees lets them know that they are a valuable part of your company – and so are their families. When it comes to adding this to your benefit package, there are several important factors to consider, including:

  • Which (if not all) of your employees should be covered?
  • What type of Life Insurance is right for your employees?
  • How much Life Insurance should the company provide?
  • What are the tax implications to consider?

When you work with United Insurance as your Employee Benefits provider, you have options, and so do your employees.

Is Group Term Life my only option?

One of the most common options for employers is to offer a Group Term Life policy to their employees.

Term life is generally very affordable and can be tied directly their employment status. Another benefit of group insurance is that most plans do not require each employee to have an individual medical exam in order to participate.

While Group Term Life is a popular choice for many businesses, other products such as Whole Life, Universal Life or Variable Life may be an option as well. Also, depending on the type of work your employees are engaged in, you may also want to consider coverage for business travel accidents or accidental death and dismemberment (AD&D).

Term Life insurance is insurance that is easily managed because it is only valid for a certain amount of time.

For instance, it can provide coverage while the employee is actively employed, then be terminated if or when the person leaves the company. Another benefit of group insurance is that often the rates are lower and generally do not require each employee to have an individual medical exam in order to participate.

A local resource you can trust

At United Insurance, our agents work with many of the top independent insurance carriers from throughout New England. We have the industry knowledge and experience to help you find the right life insurance product for your employees.

Contact one of our Employee Benefits Specialists today and learn about the Life Insurance carriers we work with and the different policies they offer.