Group Whole Life
Insurance
A Group Whole Life insurance plan from Benlocity provides a permanent benefit that can protect an employee's loved ones, now and in the future.
Why Whole Life?
Group Whole Life Insurance provides a level of security above term life insurance coverage. It's permanent coverage that can help cover funeral costs, pay off a mortgage or provide funds for education and other expenses.
About Group Whole Life
Employers may offer significant amounts of group whole life insurance coverage on a guaranteed-issue basis. Higher amounts of coverage may be available based on an employee's answers to a few simple medical questions.
Key Features
Group Whole Life insurance offers employee benefit amounts from $2,500 to $200,000 (maximum determined by underwriting basis and group size).
- Guaranteed issue
- Certificates for employee, spouse and children
- Accelerated Death Benefit for Chronic Illness Rider - available in some states through issue age 70
- Per / term options
How it works
Replace lost income
Pay for final expenses
Pay-off a mortgage or debt
