Group Life Insurance



The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value.

    —F. C. Oviatt, Economic place of insurance and its relation to society

In simple terms, there can be a significant financial loss when an individual dies. A life insurance benefit is intended to compensate the beneficiary for this loss. The needs covered by life insurance would include the following:

  • Outstanding Debt (mortgage, car loans, etc.)
  • Income Replacement
  • Final Expenses (medical bills, funeral costs, probate costs)
  • Emergency Fund Education
  • Fund Specific Family Objectives
  • Estate Liquidity & Estate Equalization

Group life insurance is often available without medical underwriting, which can be a significant benefit for employees with insurability issues. It is also portable, so employees can maintain coverage after they leave your company or retire.