For many people, Life Insurance and Disability Insurance are an afterthought. Those that do apply for it are often faced with mountains of paperwork and the prospects of failing the physical exam and paying exorbitant premiums. The good news is Group Life and Disability Insurance premiums are considerably lower than premiums for Individual Life Insurance policies. That's why employer-sponsored Life and Disability Insurance can be an especially attractive benefit for prospective employees.
Group insurance rates are based on a number of factors, including:
- Size of the group
- Company claims history
- Type of occupations associated with the group
- Gender and average age of the employees
- Employee salaries (if a salary-based plan is purchased)
To start protecting your employees, contact our Employee Benefits Executive Candy Eisenback today or Get a Quote Now.
