Group Life Insurance
Strengthen your employee benefits program
Life insurance is an important part of a comprehensive employee benefits package and can help support employees’ financial wellness. If the unexpected happens, life insurance can help their loved ones manage everyday bills and larger financial obligations such as mortgages, car payments, loans, childcare, and education expenses.
- Employment-based group life insurance gives employees convenient access to valuable financial protection.
- Workplace coverage may serve as an employee’s primary or only source of life insurance.
Rankin & Rankin helps employers create life insurance programs that protect employees and their families while supporting the organization’s benefits strategy and budget.
Coverage options for employers and employees
Group life insurance programs can offer flexible funding and coverage options designed to meet the needs of your organization and workforce.
- Guarantee-issue coverage: Eligible employees may obtain coverage up to specified amounts without answering health questions or completing a medical examination.
- Portable coverage: Employees may be able to retain their coverage if they leave the organization or change jobs.
- Voluntary coverage: Employees may have opportunities to purchase additional life insurance and increase their coverage over time.
- Dependent coverage: Coverage options may also be available for spouses and children.
Term and permanent life insurance
Employers may offer term life insurance, permanent life insurance, or a combination of both to provide employees with more complete protection.