Group Life
A group life
insurance program pools all employees within a business together
and helps achieve better discounts for coverage and easier
underwriting guidelines. Term life is the most common form
of group life insurance and the coverage has become a popular
employee benefit because it is typically less expensive than
individual life coverage.
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The Insurance Shop has access
to over 20 major life insurance companies such as The
Hartford, MetLife, Prudential, and New York Life.
Our goal is to help customers find affordable group life
with a solid insurance carrier designed to fit the
objectives behind the coverage.
Contact one of our Benefit Specialists today. |
Premiums for group life are primarily determined by the age,
sex, and occupation of the entire group. This coverage is
a great way to help employees add additional protection for
their families and ensure they have access to affordable life
coverage. Employers may contribute to the group life
premiums to make allow access to a group plan on a voluntary
basis.
Start a Group Life Quote
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Group
life and group health
insurance are similar in the
way they are underwritten.
Use the forms below to
provide us with the
necessary information to
provide group life quotes
for your office, or contact
one of our Benefit
Specialists today and let us
help you design a group life plan for
your employees.
Please download and complete
the following forms:
A Group term life policy is
typically purchased under
the employer's name.
Employees participating in
coverage subscribe to the
policy and receive a
certificate of coverage.
Employees are allowed to
defer any taxes up to
$50,000, which helps offset
some the premium payments.
Employers sponsoring a group
term life program may be
able to write off a portion
of premium as a tax
deduction.
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Have an agent help you start a no obligation
group life quote with The Insurance Shop!
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Secure ▪ Fast ▪ Easy
▪ No Obligation
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