Whole Life & Term Insurance

Permanent Life Insurance – Product Appropriateness

Most employers provide employees with a base level of employer paid group life insurance and/or additional supplemental term life insurance. While these programs provide a basic level of life insurance benefit, many employees are left under insured. In most cases there is no post-retirement life insurance benefit available, leaving employees exposed when they need the coverage the most. A Voluntary Permanent Life Insurance program allows employees to elect life insurance designed to last a lifetime.

Permanent Life Insurance Features:
• Individually owned by the employee
• Levels of guaranteed issue for employees
• Complete portability
• Cash value accumulation
• Available to employee, spouse, and children
• Available on a payroll deduction basis
• Guaranteed level premiums

Term Life Insurance – Product Appropriateness

Most employers provide employees with a base level of employer paid group life insurance and/or additional supplemental term life insurance. While these programs provide a basic level of life insurance benefit, many employees are left under insured. A Voluntary Level Term Life Insurance program allows employees to elect higher levels of life insurance at the lowest possible costs. Additionally, the programs provide the flexibility to “piggy-back” additional forms of protection into one plan.

Term Life Insurance Features:
• 5, 10, 15, 20, and 30 year plan options (premium levels)
• Levels of guaranteed issue for employees
• Portability
• Critical illness insurance option
• Long-term care insurance option
• Available to employee, spouse, and children
• Available on a payroll deduction basis