There is a great opportunity to add to your employee benefits package for your team in Beckley, Charleston, WV, Huntington, WV, Morgantown, Parkersburg, and the surrounding areas. Many of your employees don’t have any life insurance in place, but they should to help provide for their families, and now you can provide a group life insurance plan to provide this assistance. At Mark E. Snapp & Associates we can show you how you can easily add a group life insurance offering to your employees and it makes it very easy for them to now add life insurance to their planning and budgeting. Contact our team today to learn more.
Important Aspects to Group Life Insurance
When individuals go looking for their own individual life insurance policy, in some cases they may need to undergo a brief medical examination. With a group life insurance option this is not necessary, and these group life insurance plans also do not do individual underwriting. In some cases, those who are covered under the group life insurance policy will not have to pay anything for it.
Typical group life insurance is a term insurance product where it is renewable on a yearly basis during the company’s open-enrollment period. Because the business is the holder of the master policy it makes sense to have things updated on an annual basis to keep coverages current.
Whether your employees have their own life insurance policy or not, this is a great way to add to their coverage they have or to provide them a way to protect their family and deal with any funeral costs. While seemingly a trivial thing, having a group life insurance policy as part of your full employee benefits package can be part of keeping the talent that you have while attracting other talent.
It’s Really For The Families
When you have group life insurance the actual beneficiaries are the families of the insured people. Losing someone is always hard, but things can then be compounded when the need for funds for the funeral are added in, not to mention other financial issues the family may still have. Group life insurance helps to address these financial issues and provides help at a time when it is needed most in Beckley, Charleston, WV, Huntington, WV, Morgantown, Parkersburg, and the surrounding areas. At Mark E. Snapp & Associates we can help your business to implement a group life insurance plan for your whole team that will be a great addition to your employee benefits. Contact us today to learn more.