Our life insurance policies
Basic Group Term Life
A term life policy with a death benefit and an accelerated living benefit that pays out 100% to the beneficiary in event of death regardless of cause and a portion to the insured employee should he or she become terminally ill. This plan includes a waiver of premium in the event the insured employee becomes disabled. There is no buildup of cash value in this plan.
Supplemental Group Term Life
This plan provides additional protection to the Basic Term Life plan. Employees can apply a percentage of their combined Basic and Supplemental Term Life insurance amounts if diagnosed with a terminal condition. Dependent coverage is not available on a supplemental basis.
Voluntary Group Term Life
Voluntary Group Term Life gives employees the option for high amounts of term life insurance protection at a reasonable cost plus accelerated living benefits. In certain circumstances, employees can continue their coverage for themselves and their insured dependents when they change jobs.
Dependent Group Term Life
Dependent Group Term Life insurance gives employees the option of term life for their spouses or unmarried children. This is available for up to 50% of an employee’s Basic Term Life. In the event of tragedy, benefits are paid regardless of time or cause of death.