Life/Disability Insurance

Offering your employees a wide variety of life insurance can bolster employee morale by letting them choose life insurance from someone they trust - you. We not only help you to select the right program for your company, but also suggest ways to bring the selections to your employees, all without increasing the burden on your HR staff.

Types of Life Insurance:

• Term Life
• Whole Life
• Universal Life
• Variable Life
• Variable-Universal Life

Under a Term Life contract, the insurance company promises to pay the beneficiaries a sum of money in the event that the policy holder dies within a period of time defined in the contract (such as 5, 10, 15, 20 or 30 years). Term Life is like leasing a car; at the end of the term the contract expires and nothing is owned.

A Whole Life contract provides a minimum level death benefit upon the insured's death or the policy maturity that is equal to the death benefit.

Universal Life combines term insurance and a side-fund investment into a single contract. These are interest-sensitive and allow for a more flexible premium payment schedule, varied by the policyholder.

Variable Life insurance policies fluctuate according to the investment performance of the underlying mutual funds which support them. They have a minimum death benefit and no guaranteed cash value.

Variable Universal Life allows the policyholder the choice of variable, separate, investment accounts in which they may deposit funds, and can increase or decrease accordingly.

Disability insurance helps to protect your employees in case they become disabled. With this coverage, they can be sure to continue to provide for themselves and their loved ones, and continue to meet expenses such as mortgage, car payments, and other fixed costs.