Group Life Insurance

Life insurance is a vital offering in an employee benefits package as most individuals look to their employers to provide this coverage.

Plans are available on a 100% employer-paid, contributory or voluntary basis (which allows the employee to purchase additional life insurance coverage through the convenience of payroll deductions)

Generally speaking, there are two different types of life insurance policies:

• Term life insurance—which allows employees to purchase pure death benefit coverage at inexpensive group term rates
• Cash value programs (i.e. whole life and universal life)—which provide several additional benefits including the tax-deferred accumulation of cash

Universal Benefit Plans offers a comprehensive portfolio of group life insurance policies from a variety of top carriers and will custom build a program tailored to your group’s unique needs.

Additionally, we provide a variety of voluntary life insurance options for employees desiring protection above and beyond the basic group term insurance you offer.