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Life/Accidental Death & Dismemberment

People at a meetingGroup Term Life and AD&D is one of the most important and best values of all employee benefits. For many employees, group term life insurance is the only life insurance they have.

We have Group Term Life plans at competitive rates for groups of all sizes. For very large groups, we offer alternative financing — retention accounting, retrospective premium, minimum premium, ASO and premium delays. All life programs for groups of 10 more employees include an accelerated death benefits provision. AD&D coverage is normally included with our group life products, and dependent life programs are available as well.

Important policy features include:

  • Accelerated Benefits — Without extra cost to the insured, we will advance 75 percent of the insurance proceeds up to $100,000, to insureds with terminal illnesses.
  • Waiver of Premium — If an employee becomes totally and permanently disabled prior to age 60, Companion Life insurance coverage will be continued without payment of premium.
  • Conversion Privilege — Employees may convert to an individual life policy within 31 days of leaving active employment. No evidence of insurability will be required.

To learn more about Life/Accidental Death & Dismemberment plans, please contact us.