Group Life Insurance
A life insurance policy provides a death benefit to your selected beneficiaries, usually a spouse, children or other immediate relatives, in the case of your death while working for the company.
Many companies also include accidental death and dismemberment insurance with life insurance that provides a payout to an employee's loved ones. You can offer a Flat Death Benefit Amount, such as $10,000 or $25,000 or more, and you can also match death benefits to a multiple of annual income. There are no medical questions up to a certain amount of death benefits but may be required if exceeding the limit per the contract.