Group Life Insurance Plan :: MD, VA, DE, PA, WV, DC
For a business owner battling the current economy, an employee benefit plan can be a more important tool than ever before. Workers areoften as concerned about protecting their financial future as they are about making ends meet. Offering group life insurance to your employees and their dependents can help you to attract and retain good people. Here at the Craig Mader Insurance Agency in Crofton, Maryland (Anne Arundel County), we can help you establish a group life insurance benefit plan that fits your company’s needs.
What is a Group Life Insurance Benefit Plan?
Group life insurance is an employer-sponsored program for you, your employees and (optionally) their dependents.
Typically, the type of coverage will be term life insurance for which your company may pay 100% of the premium if the plan is wholly sponsored.
Group life insurance may be structured in a number of different ways, perhaps alternatively taking the form of a voluntary insurance plan for your employees who pay their own premiums using a payroll deduction system that you administer. In this type of alternative program, it is possible to offer whole life insurance as opposed to term life insurance.
Why not speak to our representatives at the Craig Mader Insurance Agency in Crofton, MD, today and explore all the group life insurance plan options available for your business? Feel free to contact us at your convenience for the details to get started.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the Craig Mader Insurance Agency before making any decisions or choosing a course of action.