Group Life Insurance Providers
Diversified Employee Benefit Services connects businesses with expert group life insurance providers nationwide.
Group life insurance is essential in securing the financial future and stability of your employees. As your designated benefits consulting firm, Diversified Employee Benefit Services connects your workforce with expert group term life insurance. Along with our comprehensive group medical, dental, vision, and disability services, our life insurance plans provide excellent coverage at affordable rates.
Group life insurance provides financial protection for employees by paying a death benefit to their beneficiaries in the event of their passing. Premiums are also lower than buying individual life insurance since the insurer covers a pool of employees under a single group policy.
Our comprehensive group life insurance products include Accidental Death and Dismemberment (AD&D) coverage, so your employees and their families are protected in unforeseen accidents. Additionally, DEBS can offer voluntary buy-up life insurance for employees and their dependents.
Group life insurance can be offered in various benefit levels and cost tiers. The insurance benefit is typically linked to the employee’s salary, with higher earners getting higher death benefits. Some group plans also allow employees to purchase voluntary life insurance for extra protection.
Comprehensive Employee Life Insurance
Have More Questions?
Can employees customize their coverage in a group life insurance plan?
Yes, many plans offer flexibility. Employees can often adjust coverage amounts to suit their needs.
Who is eligible for group life insurance?
Generally, full-time employees are eligible. Specific criteria may vary; consult Diversified Employee Benefit Services for additional support.
What happens if an employee leaves the company?
Most group life insurance plans offer conversion options, allowing employees to continue coverage individually post-employment.
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