Taking Group Life Insurance is Quick & Easy
As an employer, you are aware of the importance of employee benefits and their contribution to your business success. Campbell & Boyd has a Group Life insurance plan that can benefit you and your employees.
Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Group life insurance covers the lives of multiple persons such as some or all employees of a business, members of a labor union, or members of an association. Depending on the group life insurance policy, the insured person may receive life insurance coverage as an employee benefit, make a contribution to pay part of the cost, or may pay for the group life insurance policy on their own.
Group life insurance policies are established based on the risk factor of the group as a whole, so higher risk members of the group are protected from being adversely singled out and either excluded or forced to pay more. A member of a group life insurance policy is typically protected from their employer or organization cancelling their specific insurance as long as the person remains a member of the group.
Group term coverage remains in force until your employment is terminated or until the specific term of coverage ends. You may have the option of converting your group coverage to an individual policy if you leave your employer.
Taking Group Life Insurance from Campbell & Boyd is quick and easy. Fill out the form below or connect with us on Facebook and LinkedIn!
20 Technology Dr, Ste 4
PO Box 1260
Brattleboro, VT 05302
tel: 802-257-9500
email: ddboyd@campbell-boyd.com
Category: Business Insurance/Commercial, Group/Business Health Insurance
