Basic Life Insurance Policies

Secure essential coverage with a basic life insurance policy provided by Diversified Employee Benefit Services.

Find an Employee Basic Life Insurance Plan

As an additional feature of our comprehensive group life insurance, Diversified Employee Benefit Services connects businesses with employer-sponsored basic life insurance policies. Out of the various types of life insurance available, a basic life insurance policy effectively safeguards your employees and their loved ones’ futures.

Basic life insurance policies provide a lump sum payment known as a death benefit to designated beneficiaries when the policyholder passes away. The death benefit typically equals 1–2 times the policyholder’s annual income. These policies are usually inexpensive and simple for your employees to obtain, making them a fundamental part of every financial plan.

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Our Approach to Basic Life Insurance

DEBS Is Your Source for Term and Whole Life Insurance

How We Approach Term Life Insurance

DEBS helps businesses secure term life insurance, a cost-effective option providing coverage for a predetermined period, typically 10, 20, or 30 years. Employers choose terms aligning with their needs and budgets.

In the event of an employee’s death during the term, beneficiaries receive a lump sum payout. This straightforward approach ensures financial protection for employees’ families, fostering peace of mind within the workforce. With DEBS, businesses can effortlessly navigate the intricacies of term life insurance, promoting a secure and supportive work environment.

The Benefits of Whole Life Insurance

Diversified Employee Benefit Services also guides businesses to whole life insurance, a lifelong coverage solution. Whole-life policies feature consistent premiums, creating financial stability. Over time, a cash value accumulates within the policy, providing a valuable asset. In the event of the insured’s passing, beneficiaries receive a death benefit. This ensures continuous coverage, lifelong financial security, and the added benefit of a growing cash reserve.

Choose a Leader in Basic and Supplemental Life Insurance

Empower your workforce with Diversified Employee Benefit Services. Along with our buy-up life solutions, we enhance your benefit plans through our deep knowledge and experience. Contact us today for personalized solutions that safeguard your employees and elevate your business.

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Find Answers to Your Questions

Basic Life Insurance Policy FAQs

How does basic life insurance differ from supplemental life insurance?

Basic life insurance is often employer-sponsored, with coverage usually equal to a multiple of the employee’s salary. Supplemental life insurance allows employees to purchase additional coverage beyond the basic amount.

Is a medical exam required for basic life insurance coverage?

Basic life insurance policies often do not require a medical exam, as they are typically part of an employer-sponsored benefits package. However, a medical exam may be necessary for higher coverage amounts or supplemental policies.

What happens if an employee becomes disabled?

Some basic life insurance policies include provisions for waiving premiums or maintaining coverage if the insured becomes disabled. Check out our group disability services for more details on disability-related employee benefits.

Take Control of Your Group Insurance Plan

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Basic Life Insurance Policies

Find an Employee Basic Life Insurance Plan

DEBS Is Your Source for Term and Whole Life Insurance

How We Approach Term Life Insurance

The Benefits of Whole Life Insurance

Choose a Leader in Basic and Supplemental Life Insurance

Basic Life Insurance Policy FAQs

Take Control of Your Group Insurance Plan

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