Offering life insurance through an employer plan is a great way to help employees simplify enrollment and prepare for the unexpected.
The most common reasons people cite for not purchasing life insurance is that they believe it’s too complicated and expensive. However, many also believe they would feel the financial impact in less than one month if there was a loss of the main wage earner.*
Group Term Life is a guaranteed issue product that requires 100% employer contribution and 100% employee participation. At least 2 eligible employees must enroll. The maximum guarantee issue for the Group Term Life Plan is $50,000. This product includes AD&D, an Accelerated Life Benefit, Waiver of Premium Benefit, and Travel Assistance.
In addition to Basic Group Term Life employees have the option to increase life insurance protection for themselves and their families with Voluntary Term Life at no cost to the employer. In fact, about 2 in 10 households prefer to buy life insurance through the workplace because it’s easy and convenient, the rates are affordable and the premiums can be deducted from their paychecks.**
Voluntary Term Life is available for groups enrolling the greater of 2 employees or 25% participation. The maximum guarantee issue amount is $50,000. The maximum amount of voluntary term life insurance available is $300,000 not to exceed 5x the employees annual base salary. This product includes AD&D, an Accelerated Life Benefit, Waiver of Premium and Travel Assistance for employees. Dependent coverage is also available.
The Employee Assistance Program is included at no additional cost when a group enrolls on one Employer sponsored Life or Disability product and one other Life or Disability product. This benefit provides completely confidential access to counseling and rehabilitative services at no cost to the employee.
Travel Assistance is included on Basic Life and Voluntary Life plans. This feature provides pre-trip assistance with required documentation and immunizations as well as emergency assistance when you travel 100 miles or more away from home — all at no cost to the employee (Please refer to your policy for covered limits and eligibility details)
*Facts from LIMRA Life Insurance Awareness Month, September 2014. https://www.limra.com/globalassets/limra/newsroom/fact-tank/fact-sheets/limras-facts-about-life-2014
**Facts About Life 2013. http://www.limra.com/uploadedFiles/limracom/Posts/PR/LIAM/PDF/Facts-Life-2013.pdf
Dental and Vision Insurance Underwritten by American National Life Insurance Company of Texas Galveston, Texas.
Life, Short Term Disability and Accident Insurance Underwritten by Standard Life and Accident Insurance Company Galveston, Texas.
Life, Short Term Disability and Long Term Disability Insurance Underwritten by American United Life Insurance Company (AUL) A OneAmerica company
SecureOne Plan is not insurance and is, therefore, not underwritten by or associated with American National Life Insurance Company of Texas, Standard Life & Insurance Company or American United Life Insurance Company (AUL) A OneAmerica Company,
nor is it a part of the SecureCare Group Insurance plan.
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