Basic Life Insurance
Basic life insurance is important part of a benefit plan. Although not mandatory many employers provide up to $50,000 in group life insurance for their employees.
Voluntary Group Term Life
Employees are able to choose an amount of additional coverage up to certain maximums. Employer groups typically offer their employees Group Supplemental Life as part of their benefits package. This coverage is paid for by the employee. Most carriers will allow guarantee issue for first time enrollees.
Accidental Death and Dismemberment
This benefit provides financial assistance in the event of an accident causing death or dismemberment. It is often equal to the amount of life insurance coverage.
If you are looking for answers about Basic Life Insurance, Voluntary Group Term Life or Accidental Death and Dismemberment call an employee benefits specialist at Silas Chapman & Company and get the answer and the price you're looking for.