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GROUP LIFE
GROUP LIFE INSURANCE BENEFITS
Group life insurance is a cost-effective and valuable benefit that you can provide to your employees. Employers usually cover the cost of group life insurance, with an average monthly premium of only $7.35. We've found the most common life insurance benefit provided to employees is $1,500.
Offering group life insurance is a popular and expected benefit that can help attract and retain top talent. At Jayroe & Associates, we can assist you in selecting the most suitable group life insurance policy for your employees from our network of trusted insurance providers. One of our expert agents can guide you through the process and ensure that you find a plan that meets both your budget and the needs of your employees.
VOLUNTARY GROUP LIFE INSURANCE
Voluntary group life insurance is an excellent option to offer to both employees and their dependents, and payments can be made conveniently through payroll deductions. One of the best things about this type of life insurance is that it can generally be offered without any medical underwriting, meaning employees don't have to undergo medical exams or answer medical questions.
This is especially beneficial for employees with underlying health conditions who may struggle to obtain traditional life insurance policies. By offering voluntary group life insurance, you can provide them with the peace of mind that comes with additional coverage.
Another advantage of voluntary life insurance is that many policies can be portable, which means employees can carry them with them even if they leave your company. At Jayroe & Associates, we can help you select the best voluntary life insurance policy for your employees, ensuring that you provide comprehensive coverage that meets their specific needs.