Life insurance provides your chosen beneficiary with cash in the event of your death. Our company provides group life insurance at no cost to employees and/or voluntary life at your expense.

It is the single best way to protect your family from the financial difficulties that can arise after the premature death of a primary wage earner.

Did You Know?

• Nearly 7 in 10 American households with children under 18 would be in jeopardy if the primary breadwinner died
• 1 in 4 US households rely only on group life insurance to provide financial protection if a wage earner dies
• On average, women have smaller individual life coverage than men of similar ages

Voluntary life insurance is an optional benefit and may be less expensive than individual life insurance premiums because of an employer group discount.

Basic Life and AD&D COST FOR EMPLOYEE IS FULLY PAID BY BENEFIT COMMERCE GROUP

It s important that our employees have some level of financial protection. That s why we provide eligible employees with Basic Life and AD&D (accidental death & dismemberment) coverage at no cost to you.

All eligible employees receive guaranteed coverage in the amount of 2x your basic yearly earnings PLUS an additional $20,000, not to exceed $220,000. See benefit summary for details.

Benefit reduces to 65% at age 65 and to 50% at age 70.

Voluntary Life YOU PAY THE FULL COST

You can purchase life insurance to provide more financial protection for your family. You must purchase coverage on yourself to be eligible to purchase spouse and/or child(ren) coverage.

• For you: Up to 5x your basic annual earnings, or $500,000 (whichever is less) in $10,000 increments. No medical questions for coverage up to $100,000 at initial enrollment. Above that amount requires medical information and completion of evidence of insurability (EOI).
• For your spouse: Up to $150,000 in $5,000 increments; not to exceed 100% of employees amount. No medical questions for coverage up to $30,000 at initial enrollment. Above that amount requires medical information and completion of evidence of insurability (EOI).
• For your child(ren): Flat amount of $5,000 or $10,000.

Employee: Benefit reduces to 65% at age 65 and to 50% at age 70.

Spouse: Benefit reduces to 65% at age 65; Benefit terminates at age 70.

Filename
Life Insurance Documents
Summary - Life AD&D All Eligible.pdf
Summary - Voluntary Life All Eligible.pdf