Group Life Insurance
Strengthen your benefits package and give employees the protection they want. Many employees carry a basic term life plan, but it may not be enough to fully provide for their dependents. We offer group insurance coverage to suit your employees’ life stages and evolving needs.
Group life insurance is a type of insurance plan offered through their employers. Group life insurance is a common employee benefit that provides a death benefit to the insured’s beneficiaries if they die while part of the organization. Group life insurance is a cost-effective way for companies to offer life insurance to their employees as part of their overall benefits package.
As the policy owner, the employer or other entity keeps the actual insurance policy, known as the master contract. All of those who are covered typically receive a certificate of insurance that serves as proof of insurance but is not actually the insurance policy. As with other types of life insurance, group life insurance allows you to choose your beneficiary.
The primary benefit of getting group life insurance is the peace of mind that comes with knowing that your family and loved ones will be taken care of in the event of your death. This can give you the security to take more risks in life, knowing that they are insured should something unexpected happen. In addition, the employer-paid premiums mean that employees have coverage that is less expensive than individual plans.
Group life insurance is an excellent investment for those looking to protect their loved ones and provide financial security in the event of their death. With the low cost and added peace of mind, getting group life insurance can be an excellent option for anyone looking for life insurance.
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Patience Noah Insurance
15 South St 2nd FL
Framingham, MA 01702
Phone: (508) 321-2083
Fax: (508) 834-6023