Group Life Insurance

By: Keyser Benefits  25-04-2015
Keywords: Life Insurance, Group Life Insurance, Employee 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.

Keywords: Employee Life Insurance, Group Life Insurance, Life Insurance,

Other products and services from Keyser Benefits

25-04-2015

Key Person Insurance

Key person insurance is an important form of business insurance. In general, it can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death of the member of the business specified on the policy.


25-04-2015

Group Critical Illness Insurance

Group critical illness insurance allows employers to provide critical illness insurance coverage to their employees in the unfortunate situation that they are faced with fighting a critical illness such as cancer.


25-04-2015

Expatriate Benefits

Expatriate Benefits allows employers to provide insurance coverage to workers that operate outside of the country.


25-04-2015

Group Employee Benefits

Group employee benefits allows employers to provide insurance coverage for their employees.