Group Life Insurance
Life Insurance provides the security of knowing our families will be financially protected
when we are not there, yet many of us remain uninsured. According to LIMRA International,
over 68 million Americans have no life insurance.1 AlwaysCare Group Life Insurance offers
an affordable way for employers to provide added protection for their employees’ families
with the convenience of payroll deduction. We offer Basic and Voluntary Life Insurance,
providing employers the opportunity to offer a larger range of benefit options.
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BASIC LIFE
Flexibility: Two year rate guarantee; Available for 10+ enrolled
employees (varies by state)
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Choice of coverage amounts, which can be customized to the employer’s needs
Flat amount, percentage of earnings, or combination benefit schedule available
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Guaranteed Issue Coverage available for employees actively at work on effective date of coverage.
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Contribution/Participation Requirements:
| 100% Employer Paid |
Contributory |
| 100% of Eligible Employees enrolled |
75% of Eligible Employees must enroll |
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VOLUNTARY LIFE
Flexibility: Two year rate guarantee; Available with 10+
enrolled employees (varies by state)
Benefit Choice – Increments of $10,000
Maximum Benefit – Up to $500,000; other options available
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Guaranteed Issue
Available with 10 enrolled employees or 25% of eligible employees (whichever is greater)
Based on group size and participation levels
All coverage for children is guaranteed issue
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| Eligible Employees |
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10 - 49 |
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Guaranteed Issue |
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$50,000 |
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50 - 99 |
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$70,000 |
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100 - 199 |
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$130,000 |
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200 - 299 |
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$150,000 |
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300 - 499 |
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$180,000 |
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500 + |
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$200,000 |
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| Our Savings to You: |
| Discounts available for groups who offer Life or Disability plus another line of coverage. |
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Why Offer Life Insurance?
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Comprehensive Benefit Packages attract and retain employees.
Employers can increase employee productivity by providing peace of mind.
Employer-funded plans are generally a business deduction.
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Employee Benefits of Voluntary Life Insurance
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Guaranteed Issue benefits available
Flexibility by purchasing through workplace
Convenient payments through payroll deduction
Group rates often lower than if applied for individually
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This is a brief description of the plan. It should only be used as a guide. It does not
contain complete plan details. Terms and conditions, including a complete list of benefits,
limitations and exclusions, are defined in the certificate issued in the plan. If questions
arise concerning the coverage, the certificate and riders will govern. Products may not be
available in all states.
1 LIMRA International, 2005
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