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Group Life Insurance

Group Life Insurance

How much do your employees value their benefits?

It will probably not surprise you that employees of all ages view benefits like health insurance, 401(k)-type defined contribution plans, and dental insurance as very important to their job decision. In fact, according to a 2011 report by LIMRA Research, providing your employees with important benefits like these can be a significant competitive advantage for your company in trying to attract talented people with the unique skills your company needs.

As a smart business owner, you’ve probably considered and implemented many employee group benefits options already. However, at HUB International, we find that businesses often overlook one very important optional benefit, group life insurance, despite it being very beneficial for both the employer and their workers.

If you and your employees are interested in significantly lower life insurance rates, then group life may be an optional benefit to discuss with a HUB International professional who will help you:

  • Determine whom should be covered
  • What type of life insurance benefits to offer
  • How much life insurance is optimal and affordable
  • Determine whom should be covered
  • What type of life insurance benefits to offer
  • How much life insurance is optimal and affordable

Since employer-sponsored life insurance can be a very attractive benefit for your existing and prospective employees, but also fairly complex, it is essential that you work with experienced insurance professionals, like the team at HUB International, who will make sure that your plan is properly administered and that you adhere to all non-discrimination requirements.

A photo of two workers protected by group life insurance shaking hands in a warehouse

Another highly coveted benefit of group life insurance is that it is guaranteed, which means that there is no underwriting involved and there are typically no medical exams required. So, with group life, you are potentially helping individuals and families get life insurance who may not have been able to access an affordable option, or any coverage at all, on their own. This peace of mind is priceless for employees and can certainly translate into better company morale as well as reduced turnover.

HUB’s partnerships, with more than 30 of the top national insurance carriers, allow us to customize a group life insurance solution that will benefit you and your employees, whether you desire:

  • Employer Paid or Shared Cost
  • Voluntary Term Life or Permanent Life
  • Spousal and/or dependent life benefits included
  • Supplemental coverage options including accidental death and dismemberment

As your company’s group benefits decision maker, we understand that you may be hesitant to explore group life insurance benefits because you worry about the cost to your company. While program costs are based on many variables, such as how many employees you have, the age of your employees, and the coverage options you choose, there is an almost guaranteed way that you are going to save money by offering this benefit: it’s tax deductible!

As one of the area’s largest, privately owned, independent insurance agencies, HUB International’s team of business insurance professionals will help you find group life insurance options that are not only affordable, but will also deliver a truly meaningful benefit to your employees.

We welcome you to stop into any of our three convenient Massachusetts offices or contact us anytime with questions, to review your current employee group benefits, or for help making an informed decision about developing a well-rounded group benefits plan.

If you’re ready for a more personal relationship with a trusted insurance agent that will take the time to understand your business and your needs as an employer, then call us today at 833-GoCallHUB.

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