Understanding group life insurance
Group life insurance involves a single contract that covers an entire group of people. Typically, the policy owner is the employer and the policy covers the employees or members of the group.
- Group term life insurance is typically provided as yearly renewable term insurance with flexible options.
- Some group life insurance plans can be offered as voluntary, with no cost to the employer.
- In most cases, the cost of group life insurance (even voluntary) is often less than what the employees would pay for on their own.
- Group life insurance may potentially cover individuals who may not be eligible or can't afford their own coverage.
Peace of mind for you and your employees
The unexpected can happen and when it does, group life insurance may be the one thing that protects a family from severe financial stress.
Offering group life insurance as part of your employee benefits package gives employees and their families peace of mind.
Making life insurance easier and more affordable
At Automatic Data Processing Insurance Agency, Inc. (ADPIA), we back our competitive offerings with exceptional service. By taking the time to understand your business, your goals and your employees, we can create a strategy to help optimize your insurance investment.