Group Life - Benefit Highlights

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• Eligible Employees - may include, but is not limited to all active full and part-time employees, and / or a specified class or classes of employees as determined by the employer, subject to carrier approval.
• Benefit Maximum - maybe a flat amount or multiple of earning, and  /or benefit limits may vary within each class as determined by the employer, subject to underwritign and the slected carrier.   
• Waiting Periods - may apply as determined by the employer prior to receiving benefits usually following 30, 60 or 90 days from the date of hire.
• Minimum Hours - employees maybe required to work regularly a minimum of 20 to 40 per week as determined by the employer, subject to underwriting approval by the selected carrier.
• Contributions - Employers may elect to pay all (Non-Contributory), or part of the cost of premiums for any class(s) of employees (Contributory).
• Definition of Earnings - benefits maybe provided based on a flat amount or multiples of annual earnings that may include based salary, bonus, and / or commissions up to a specified maximum.
• Guarantee Issue - no medical underwriting and / or related requirements based benefit plans up to pre-determined limits with selected carriers based on the number of covered lives.
• Benefit Reduction - the amount of coverage or limits maybe reduce at specified ages based on the number of lives with selected carriers.
• Waiver of Premium - continues Life coverage without premium payments for employees who are totally disabled.
• Accelerated Benefit - Allows insured employees with a life expectancy of less than 12 months to collect a portion of their life insurance benefit early.
• Safe or Secure Access - gives beneficiaries the ability to have benefits of $10,000 or more deposited into an interest-bearing checking account enabling them to earn interest, while weighing the important financial decisions that often follow a death of an employee.
• Conversion - eligble employees may elect an option for group life insurance coverage, when their employment based in specified limits and individual rates set by the carrier, not subject to mediacl underwriting.
• Portability - provides a convenient option for group life insurance coverage to eligible employees, when their employment terminates, with minimal effort for the employer and no increase in the employer's group premiums.
• Leaves of Absence - employees maybe covered up to 12 weeks under FMLA and the employer may elect to cover employees on voluntary leave for periods form 30 to 180 days, subject to underwriting approval by the selected carrier.