Life insurance is often provided as part of a complete employee benefit package. … Group term life insurance is a benefit frequently offered by employers for their employees. Many employers provide, at no cost, a base amount of group coverage as well as the ability to purchase voluntary life coverage through payroll deduction.
Life Insurance
GROUP TERM LIFE – EMPLOYER PAY 100%
Life insurance is an affordable benefit employers can provide their employees which helps pay for immediate expenses and replace lost family income.
| Benefit | Plan Pays |
| Employee Term Life Benefit: | $10,000 |
| Employee Accidental Death Benefit | $10,000 |
| Over 70 Benefit | N/A |
VOLUNTARY GROUP TERM LIFE – EMPLOYEE PAY 100%
Employee Coverage:
- Choose from a minimum of $10,000 to a maximum of $150,000 (in $10,000 increments)
- Guaranteed issue up to $150,000 (initial eligibility period only)
- No health questions
Spouse Coverage:
- Choose from a minimum of $10,000 to a maximum of $50,000 (in $10,000 Increments)
- Guaranteed issue up to $50,000 (initial eligibility period only)
- No health questions
- Can be purchased without employee enrollment
Dependent Coverage:
- Eligibility Dependent Child(ren):
14 Days to 6 months: $1,000
Age 6 months to 20 years of age (26, if full-time student):
Choice of $2,500; $5,000; $7,500; or $10,000 - Choose one benefit amount for all eligible children in family
- All children amounts are guaranteed issue
- Age limit does not apply to handicapped children
- Only one spouse may cover Dependent children.
CONTACT
30200 TELEGRAPH ROAD,
STE 222
BINGHAM FARMS, MI 48025
800-536-2230
248-851-3668
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