Group Life insurance will grow with your employees as their life changes. Marriage, divorce, a new baby, purchase of a new home, and retirement are all things that you will want covered by the payout of your policy. The amount of life insurance your employees select should be dependent on their personal and financial needs.

Our team at OnMarket Insurance Associates can assess the appropriate amount of coverage to help you decide what is right for you.

Term Life is basic life insurance with no investment accounts attached. This is life coverage that lasts for a set period of time provided that the monthly premiums are paid. This is the typical life insurance policy offered by a company to its employees.

Any questions?

Will the premiums for my Term Life Insurance change every year?
Premiums for a term policy can be “Level” or “Increasing” depending on the type of term policy you choose. In general, for most term policies the premiums will increase over time. Some term policies provide for what is known as “indeterminate” premiums, meaning your policy will set a schedule of maximum guaranteed premiums.

Do my employees need to re-qualify for their term life policies each year?
While term life insurance policies are generally purchased year-by-year, your employees will not be required to re-qualify each year. That makes this a very efficient policy for a group.

Will my employees need a medical exam in order to qualify?
No! Go ahead, you can cheer. In a group policy like you would have for your employees, no medical exams are required to join during the open enrollment periods.

Click HERE for more information on how to contact an agent and get started with us!