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Group term life insurance can be a nice benefit for businesses to offer its employees as a reward for their service. This type of a benefit also creates employee loyalty and can be a tool to attract quality employees to your company.
Employers can offer group life coverage to all employees at a very low cost to the company.
Employers can also offer group life programs on a voluntary basis to their employees. Such voluntary programs require the employee to pay the cost of the insurance – usually through payroll deductions. Costs of the insurance are low due to the buying power of the group. Voluntary programs can be implemented by companies even if they already provide a group life benefit to all employees.
Voluntary group life programs cost the company nothing and provide a nice benefit to employees that they otherwise might not purchase for their family’s protection. Why not ask one of our agents how you can implement this program at your business today?