Life & Health — Group Benefits
Group Life Insurance
A meaningful benefit at an affordable group rate — for every member of your team.
Group life insurance provides a death benefit to the families of employees who pass away while covered under your plan. It's one of the most valued and affordable benefits you can offer, and in most cases, employees can receive a base amount of coverage without any medical underwriting.
What's Covered
- Basic life insurance — typically 1–2x annual salary, employer-paid
- Supplemental life insurance — employee-paid additional coverage
- Accidental death and dismemberment (AD&D) coverage
- Dependent life coverage for spouses and children
- Portability options allowing employees to continue coverage after leaving
- Waiver of premium for totally disabled employees
Why It Matters
Many employees — especially younger workers — do not have individual life insurance. A group life benefit gives every member of your team a financial safety net for their family. It's a low-cost, high-impact benefit that signals that your company genuinely cares about its people.
Common Questions
Is group life insurance taxable to employees?
The cost of the first $50,000 of employer-paid group life insurance is not taxable to the employee. Amounts above $50,000 are subject to imputed income based on IRS tables. We'll help you structure the plan to minimize tax impact.
Can employees purchase additional life coverage beyond the basic benefit?
Yes. Voluntary supplemental life insurance allows employees to buy additional coverage — often in multiples of their salary — with simplified or no medical underwriting up to a guaranteed issue amount.
What happens to coverage when an employee leaves?
Most group policies include a portability or conversion option allowing departing employees to continue their coverage individually. This is a valued feature, especially for employees with health conditions.
Ready to get covered?
Talk to one of our advisors about the right policy for your situation. No pressure, no jargon — just honest guidance.