What is Group Insurance?

 

Group Insurance or Group Benefits provides a wide range of protection products for an organization or company. Because the risk is spread over a number of people, there is no need for a medical exam. If you are uninsurable for life insurance due to your medical history, being part of a group plan will guarantee you coverage.

 

Are you part of a group plan and you're thinking of leaving your job?

Did you know that you can take the life insurance portion of your plan along with you? Most group companies allow you one month to convert your group life insurance to a personal life insurance policy. This conversion must be done properly and quickly. We can help convert your group policy. Ask us today!

 

 

Group Benefits can include the following coverage:
Life Insurance Usually a multiple of your annual salary (1X-5X)
AD&D Accidental Death & Dismemberment Insurance. Typically doubles up your life insurance.
STD Short-term disability insurance. Replaces your salary shortly after your disability. eg. First 90 days of the disability.
Health Extended medical benefits (80%-100% coverage)
Dental Extended dental benefits (80%-100% coverage)

 

 

Some insurance companies will provide group benefits for groups as small as three individuals. The larger the group, the more spread out the risk, and therefore the cost is also spread evenly.

 

Employee Group Benefits is a great way to attract and keep the best employees with your company. Premiums are tax-deductible for employers, providing greater value to you and your business.

 

 

Request a phone interview for a Group Quote.