Executive Group Life (EGL) is group life insurance coverage designed to help executives and other senior professionals by providing a generally income-tax-free death benefit for their beneficiaries, as well as the opportunity to accumulate account value to meet future needs. Executive Group Life insurance enables most employers to enhance their executive benefits while still minimizing overall benefit costs. Executive Group Life (EGL) is group life insurance coverage designed to help executives and other senior professionals by providing a generally income-tax-free death benefit for their beneficiaries, as well as the opportunity to accumulate account value to meet future needs....
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We're sorry but this site doesn't work properly without JavaScript enabled. Please enable it to continue. Your Basic Group Life Insurance Plan will pay a sum of money (benefit) to your designated beneficiary in the event of your death. Spouses and dependent children are not covered under the Basic Group Life Insurance plan. Your age and annual earnings, not including overtime or honoraria, determine your Basic Group Life Insurance coverage. UBC pays the monthly premiums associated with this benefit. When does my coverage begin and end? When your coverage ends, you can convert your group policy to an individual policy. Learn more. What is my coverage? Your age and your annual earnings,...
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Modern, pro-employee companies know that good people expect more. If you are committed to keeping your best talent, getting value for money on Group Life Insurance is a step in the right direction. You can access Group Life as a standalone insurance, or as part of a broader employee benefits package. Howden consultants specialise in tailoring insurance to your exact needs. We can offer you policies that include: Accidental Death Benefit Critical Illness Benefit Total Permanent Disability Benefit Terminal Illness Benefit Hospitalisation Income Benefit Medical Reimbursement The better Group Life policies offer a premium refund if you meet a certain utilisation ratio (going a specified...
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Main page content PLEASE NOTE: Dearborn has recently re-branded under the name Blue Cross and Blue Shield. Both companies are under the umbrella of Health Care Services Corporation (HCSC), so the changes are in name only. Group term life (GTL) insurance can help ensure financial security for your family and loved ones upon your death. UT System, through Blue Cross and Blue Shield of Texas (BCBSTX) (formerly Dearborn), provides eligible retired employees with basic GTL as part of the basic coverage package. Eligible retired employees also have the opportunity to purchase additional coverage at group rates. Basic Group Term Life (GTL) Benefits Basic group term life insurance in the amount...
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If you work for a large company or are part of an association or organization, you may have the opportunity to be part of a group life insurance plan. These plans are usually very affordable and sometimes are even offered free to employees or group members as part of a benefits package. [1] One of the biggest advantages of a group life insurance policy is that it’s low-cost to employees or group members, so you can get coverage at a much lower rate — or no rate — than if you were purchasing an individual policy. [2] However, it’s important to look at what type of coverage you’re getting in return and make sure that it’s enough to meet your needs....
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By: Tony van Niekerk, Editor COVER Magazine Fintech disrupter Simply Financial Services innovates in group life insurance, through an all-online signup targeting SA businesses Businesses looking to provide quick and easy life insurance for their employees can now get it online with insurance technology company, Simply Financial Services. The product is a life insurance combo comprised of life, disability and/or funeral benefits – specially designed for small to medium sized businesses (SMEs) in South Africa – and best of all, you can get it all online in under 20 minutes. Called ”Simply Group Cover”, the online combo is believed to be a first for the local market and provides benefits of up...
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Group Life Insurance Offering your employees life insurance allows you to bestow an additional benefit to your hard-working team. Group life insurance shows how much you care about your workers and allows you to protect your team’s interests when their loved ones are most vulnerable. Employee Lift Insurance Life insurance for employees is also an investment in your company, and one that yields significant rewards. By offering employee benefits such as life insurance, you enjoy: A way to attract top talent. In today’s work marketplace, top candidates may receive multiple offers and will often consider work culture, compensation and benefits when making their choices. Offering a robust...
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All employees, except certain appointed officials, are required to join the Maine Public Employees Retirement System (MainePERS). As a member of the Maine Public Employees Retirement System, you contribute, along with the State of Maine, to both retirement and life insurance benefits. Your state group life insurance benefits are outlined below. The State Group Life Insurance Program allows eligible state employees who have just been hired to acquire group life insurance for themselves and their qualifying dependents without having to show evidence of insurability. This program, administered by the Maine Public Employees Retirement System (MainePERS), provides up to three types of life...
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Swiss Life needed a comprehensive solution that would cover all life and pension insurance processes end-toend, including new business processes, contract and claim management, as well as management of their clients and insureds. The key advantage of our solution is definitely a self-service online portal for all group life insurance participants who can manage their coverage and investments without the need of contacting the insurer’s customer center. Project Manager, Comarch We were in need of an innovative solution that would make us closer to our clients. We wanted to enhance our relationship with them and make our services more client-oriented. The Comarch system offered the open...
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What is Group Life Assurance Old Mutual Swaziland Group Assurance is a group life cover, funeral cover, lump sum disability and a long-term disability solution offering to corporate companies and their employees. Group Life Assurance (GLA) provides life cover on a defined benefit basis for members of a group. Should you require further information please view the Group Assurance Product Guide. Paid out as a defined lump sum benefit. Benefits can be expressed as a multiple of salary, formula-driven or as a flat cover (monetary) amount. Cross-subsidies occur between younger and older members. The Funeral Support Service is a free of charge service, which is available to all members and their...
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