Protection
Basic Term Life
Family gets cash if you die (employer paid)
Employer-paid basic term life insurance that pays a cash benefit to the employee's chosen beneficiary. Every covered employee also gets accidental death and dismemberment coverage equal to the life amount. The employer picks a flat $25,000 or $50,000 benefit for the group and pays the full cost.
Starting from
Employer paid
Who pays
Employer paid
What this plan includes
- Employer pays 100% of the cost
- Flat $25,000 or $50,000 benefit for every eligible employee
- Accidental death and dismemberment coverage equal to 100% of the life amount, plus an extra $10,000 seat belt benefit
- Guaranteed issue, with no health questions at the group amounts
- Terminally ill employees can access up to 75% of the benefit early (maximum $100,000)
- Benefits reduce 35% at age 65, 50% at age 70, and 75% at age 75; rates guaranteed for 2 years
Every plan is underwritten by Companion Life Insurance Company. Which plans you can offer depends on your industry and state. Costs shown are examples; the final rate depends on the plan, the coverage level, and ages.