Having Life insurance provides peace of mind that loved ones will be taken care of in the event of a death. Many individuals today look to obtain this coverage through their workplace because of group discounts and other benefits. ISU-The Olson Duncan Agency can enhance your employee benefits plan with Group Life Insurance, a key component for any comprehensive financial plan.
A Group Life plan, typically written as a Term policy, allows you as an employer to buy a master policy and then issue certificates of participation in the plan. It provides a large amount of insurance for a set period in a worker’s life and is typically designed to provide benefits for dependents in the event of the insured’s premature death. A Whole Life, or Permanent 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.
With Group Life as part of your employee benefits, you will:
Health care is a priority for your employees and, at ISU-The Olson Duncan Agency, we know that no one plan fits everyone’s needs. With extensive experience in working with carriers and understanding the ins and outs of what it takes to deliver sound employee benefits, we help employers navigate through what’s available in order to choose the right plan for their business. We also work with each employee so that they select the benefits and options that address their specific needs. To find out more about how we can help you, call us at (310) 373-6441.