Basic, Dependent, and Accidental Death or Dismemberment insurance ensures that beneficiaries of employees are not left stranded with debts, bills and no income in the event of death.
GROUP LIFE INSURANCE
Life insurance ensures that beneficiaries of employees are not left stranded with debts, bills and no income in the event of death.
There are several types of life insurance available and we will help you decide which plan suits your employee’s needs best. Employees may have the option of purchasing additional insurance to supplement whatever plan your business decides to provide them with.
Basic life insurance provides beneficiaries of employees with financial support in the event of the employee’s passing.
The amount of assistance provided will depend on the employee’s contribution, which is relative to salary or additionally purchased coverage.
Employees may reserve the right to convert all or portion of their policy upon termination of employment.
The loss of a loved one is always a difficult time for families. It can be made even more grueling with the onslaught of arrangement expenses.
Dependent life provides employees with financial support with funeral and burial expenses upon the death of a dependent spouse or child.
Accidental Death or Dismemberment
AD&D benefits provide beneficiaries of employees with financial support in the event of an employee’s death or injury as a result of an accident. This coverage includes accidents that may occur on or off the job. The types of accidents covered usually include homicide, traffic accidents, falls and drowning to name a few.