Employee Group Life & Health Insurance

Peace of mind for the dependents and loved ones of an employee in the event of his/her death is the driving force behind group life insurance benefits. Historically, group life insurance was intended to provide life insurance coverage during an employee’s active working career with an employer, with payments made upon death.

Today, group life insurance policies have evolved to reflect significant trends and changes in society. In addition to basic life insurance, employers extend some modified form of life insurance coverage to an employee who retires, and a few employers even allow eligible employees suffering from terminal illnesses to collect a portion of the benefit amount while living.