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Group life insurance policies provide coverage for all
eligible employees regardless of medical condition,
subject to a "non-medical" limit. Employees may
need to provide medical information or take a medical
examination to receive coverage beyond this limit.
One advantage of salary-based coverage is that the
policy does not need to be adjusted for inflation.
The following
provisions are often added to group term life policies
and may result in a higher premium:
Accidental death & dismemberment:
Provides coverage for death or bodily injury by
accidental means (other than natural causes).
Accelerated death benefits:
Allows employees to receive benefits (a portion of
their proceeds) if they are diagnosed with a a terminal
illness.
Waiver of premium:
If an employee becomes totally disabled, allows
continued insurance coverage without requiring premium
payments.
Conversion:
Allows employees to convert group coverage to an
individual policy upon termination of their employment.
The
following causes of death are often excluded from life
insurance policies:
Acts of war
Acts of crime
Suicide(during the first two years the policy is in
effect)
We will automatically show
you multiple plan options when we quote group life
insurance.
The information required
for quoting life insurance is similar to health and
dental insurance. Therefore, if you have already
completed our census information for heath, vision, and/or
dental, you do not need to complete this form again.
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