One of the best ways a business can leverage its employee benefits buying power is to purchase a group life insurance plan for their employees. It's very inexpensive, little underwriting, and highly valuable to your employees. An employer will generally need to have 5 employees to start a group life insurance policy, and employee health history plan little to no factor is establishing a plan.
An employer with 10 employees could offer $25,000 life insurance to each employee for around $50 per month total. (example only-rates may vary)
Group disability insurance can include short-term disability, long-term disability, or both. Disability coverage is a great way to protect your employee's income if they're unable to work due to injury or illness. Disability insurance is budget-friendly to employers, and it's a great way to complete an overall benefits package. An employer will generally need to have 5 employees enrolled to start a group disability insurance policy.
Please contact us if you would like to discuss group life or disability insurance options further, request a proposal, or to set up an appointment.