Nationwide insurance. Group Term Life Insurance, Securian Financial

In order to bring you the best possible user experience, this site uses Javascript. If you are seeing this message, it is likely that the Javascript option in your browser is disabled. For optimal viewing of this site, please ensure that Javascript is enabled for your browser. Group term life insurance.

Simple, affordable protection for employees

Group term life insurance provides simple, affordable insurance protection for a specified period of time. Our most popular and affordable product, group term life insurance is available as an employer-provided benefit as well as an employee-paid benefit.

Why offer group term life insurance?

Basic term life insurance offers employees foundational protection that helps meet minimum income needs in the event of a premature death. It can be an important tool to help families afford final expenses, such as funeral and medical bills, as well as day-to-day financial obligations.

Supplemental term life insurance allows employees to increase their individual protection, offering a cost-effective financial safety net, at no additional cost to employers.

Employees at all stages of life may have a need for life insurance, from single in their 20s to married couples with grown children.

Term life insurance comparison

Under the federal tax code, employer-paid coverage amounts up to $50,000 are generally income tax-free to employees.

How group term life insurance works

Group term life insurance provides affordable insurance protection for a specified period of time. It provides a base level of protection alongside employees’ personal savings, individual life insurance and Social Security benefits.

There is no cash value accumulation with term life insurance.

The benefit is paid if the insured dies during that “term.” For group insurance, the “term” is considered the number of years the insured is employed. As with other life insurance, benefits paid to a beneficiary are generally income-tax free.

Cheap life insurance quotes

Coverage stops at the end of the term, or when the insured stop paying the premiums. If an employee retires or leaves their current employer, options for continuing coverage may be available.

Additional features

Benefits that can be added to Securian’s group term life insurance policies include:

Guaranteed coverage options

Waiver of premium for disabled employees

Best term life insurance

Continuation options for employees who change jobs or retire, including portability and conversion

Business travel accident (BTA)

Available as a rider to a term life policy or as an additional AD&D benefit, business travel accident coverage provides a lump-sum payment if an insured employee dies or is injured from a covered accident while traveling for business.

rates-life-insurance.com
Overall rating page: 3.6 / 5 left 106 people.

Posted by at 08:13PM

Tags: nationwide insurance, family health insurance, company insurance, 20 year level term life insurance, decreasing term life insurance, level term insurance policy, insurance life online quote, term life insurance comparison, best term life insurance, cheap life insurance quotes

Comments

There are no comments for this post "Group Term Life Insurance, Securian Financial". Be the first to comment...

Add Comment