The Best Group Life Coverage at The Best Rates

What is Group Life Insurance?

Group life insurance is a type of life insurance policy offered by employers to their employees. It provides financial protection to employees’ families in the event of the employee’s death. This insurance can be either employer-paid or employee-paid, offering flexibility in coverage options and payment arrangements.

Key Benefits of Group Life Insurance

1. Guaranteed Underwriting: Our group life options offer guaranteed underwriting for set amounts, making it easier for employees to obtain coverage.
2. Term Policies: These are term life insurance policies, providing coverage for a specific period, with the option to purchase additional coverage for dependents, including spouses and children.
3. Peace of Mind: Group life insurance provides a critical benefit for employees, helping their families manage expenses during a difficult time.

Coverage Options

1. Employer-Paid or Employee-Paid: The flexibility to choose who pays for the coverage—employer or employee—based on the organization’s needs and preferences.
2. Dependent Coverage: Options to extend coverage to an employee’s spouse and children, ensuring comprehensive family protection.
3. Accidental Death & Dismemberment (AD&D): Some plans include AD&D options, providing additional benefits in case of an accidental death or severe injury.
4. Voluntary Life Options: Employees can opt for additional term life coverage at lower rates due to the group cost structure, allowing for more substantial coverage amounts.

Common Scenarios Where Group Life Insurance is Essential

• Financial Security: In the event of an employee’s death, group life insurance provides essential financial support to their family, helping cover immediate expenses and long-term financial needs.
• Employee Benefit: Offering group life insurance as a benefit can enhance employee satisfaction and loyalty, as it demonstrates the employer’s commitment to their well-being.
• Supplemental Coverage: Employees can use group life insurance as supplemental coverage in addition to individual life insurance policies, ensuring comprehensive protection.

Why Choose Rollo Insurance?