Daniels Insurance Agency

Offering Financial Security with Group Life Insurance

Protecting our loved ones is why most of us look to purchase life insurance, which is why companies are increasingly offering group life insurance as a way to help employees get the peace of mind they need should something happen to them. Group life insurance is an important aspect of your employee benefits package, as increasingly more employees rely on it to provide financial security for their families.

Tailored Coverage

At Daniels Insurance Agency, we can help you design a group life insurance plan to meet the coverage needs of your employees and their families. Group life plans allow the employer to buy a master policy and then issue certificates of participation in the plan. Although each employee is underwritten as part of the employer’s group and no one is denied coverage based on a medical condition, an employee typically has the right to keep their coverage and convert it to an individual policy when they leave the employer (with some restrictions).

Plan designs can include:

  • Basic, optional and dependent life insurance
  • Optional features such as integrated waiver of premium, portability, conversion, and accelerated death benefits
  • Accidental death and dismemberment insurance

There are different types of life insurance: A Group Term Life policy is often the most affordable option for employers. It provides a large amount of insurance for a set period in a worker’s life. It usually is designed to provide benefits for dependents in the event of the insured’s premature death. A Whole Life insurance policy is more expensive, but it lasts longer and builds cash value over the course of its existence—value that the employee can borrow against or use in other ways.

We’ll help you examine all your options so you can evaluate what’s best for your company for group life Insurance.

We’ll help you prepare for tomorrow today.

Daniels Insurance Agency is poised to help you navigate the risks you face today while assisting you with solutions and strategies to support your business as it expands and grows. We are also an integral part of the communities we serve, understanding the issues of our region to effectively serve our business and individual clients. Give us a call at 800-530‑8885 to find out how we can assist you.