Group life insurance can enhance your benefits package and provide protection not only for your employees but also for their loved ones. It is a simple and inexpensive way to increase the competitiveness of your benefit package and stand out against the competition. Additionally, Group Life Insurance can provide employees and their families with coverage to help their beneficiaries in the event the worst occurred. Employees get access to life insurance that is easier to qualify for, at a low group rate and that can help provide peace of mind.
MVP United Insurance and trusted partners offers you access to group term life and voluntary term life insurance to meet the needs of you and your employees.
What Group Life Insurance Options are Available?
A variety of different options when it comes to Group Life insurance:
Group term life insurance
Accidental death and dismemberment (AD&D)
Optional dependent life insurance.
For those employees that need higher levels of life insurance, we can also offer 100% employee-paid Supplemental Term Life insurance, which can provide additional coverage.
Benefits of having the right Group Life Insurance Coverage
These are just some of the benefits that your business can get once you invest in the right group life insurance plan:
Boost employee morale. Group life insurance plans help your employees with their long-term financial plans, helping them feel safer that their loved ones will be taken care of, something they will surely appreciate.
Tax benefits for your business and employees. Most expenses an employer incurs, related to group benefits insurance for their employees, are 100% tax deductible. For your employees, they can opt to use pre-tax money for life insurance coverage.
Better employment recruitment and retention. Benefits play a big role when trying to recruit top talent and keeping it. A good group life insurance plan will enhance your benefits package, helping you get an edge over your competition.
Want to get more information on our available group life insurance plans?
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