Long Island Group Life Insurance Company
Your employees are the most important assets to your company. Together with Blair Insurance, show them how much they mean to you by offering them peace of mind through group life insurance. Our experts will find you a plan that meets your needs: whether it’s a basic, employer-paid life program, or voluntary, employee-paid life insurance benefits.
Employer paid life insurance is a benefit that’s commonly offered to employees in addition to things like health and dental insurance. It’s usually cheaper for the employee than any insurance they will find elsewhere, in part because the employer will pay most or all of the costs. It also covers employees who are difficult to insure.
Voluntary employee life insurance is a benefit that requires the premium be paid by employees. But those premiums are usually cheaper for the employee because they’re based on group rates making it a more attractive benefit.
The most common type of group life insurance given to employees are group term life policies. This usually involves an insurance agreement that has to be renewed, usually annually. Group term life premiums are usually paid by the employer. Supplemental group term life gives employees the opportunity to purchase additional coverage.
Group Universal life policies are similar to whole life policies, which are policies that have a cash value. Group universal life insurance allows you to either pay the premiums or make additional payments to build up a cash value on the policy.
Whatever type of group life insurance you’re looking for, Blair insurance will find a product to fit your needs. We’ll help you understand how it works and we’ll answer any questions you might have. Contact our team today to get started!