Group Term Life Insurance

Group Term Life Insurance is often referred to as “burial insurance”. Today, many employers offer from $15,000 to $50,000 of basic group term coverage for each benefits eligible employee. Since most families need more coverage (six to seven times the primary bread winner’s salary) we often arrange to have supplemental coverage available on a guaranteed issue arrangement in increments of $10,000. The supplemental coverage can also offer the opportunity to cover the spouse and children for appropriate amounts that reflect up to 50% of what the employee purchases.