Group Term Life Insurance

Group Term Life Insurance

Eligible Employee
Issue Ages
18–70 for 10-year term
18–60 for 20-year and To-Age-70 terms

Underwriting Classes
Unisex, Non-Tobacco/Tobacco, or Unsmoked

Benefit Amounts
$25,000–$250,000, up to $150,000 guaranteed issue
Maximum based on underwriting, group size, and age

Rate Structure
Premiums vary by term, class, and age

Renewability
10-Year: Renewable in 10-year increments to age 70, then Annual Renewable Term to 95
20-Year and To-Age-70: Convert to Annual Renewable Term to 95

Portable coverage, accelerated benefits, and optional riders combine to make Group Term Life Insurance a strong protection solution for clients and their families

Benefit amounts range from $25,000 to $250,000, with up to $150,000 available as guaranteed issue

Options to convert or continue coverage when employment ends

Accelerated benefits for terminal illness

A variety of optional riders to enhance coverage.

Schedule an appointment to speak with a licensed life insurance agent to receive a quote for group term life.

Protect your employees with term life insurance

Accident Benefit Rider

Pays a benefit equal to the certificate face amount if death results directly from an accidental injury within 180 days of that injury, independent of other causes, and prior to insured’s 70th birthday (all combined accidental death coverage may not exceed $250,000).

Disability Waiver Of Premium

Waives all certificate and rider premiums for an insured employee who becomes totally disabled before age 65 and remains disabled for at least six months.

Children's Benefit Rider

Provides level term life insurance for dependents up to age 26, as long as they meet the eligibility requirements. The benefit amount equals 10% of the employee’s coverage.

Spouse Term Rider

Provides level-benefit term life insurance on the insured for a 10-year or 20-year period, with level, guaranteed premiums. The benefit amount is equal to 30 percent of the employee’s benefit amount.

Expand Your Coverage

Optional riders are available with Group Term Life Insurance that can enhance coverage or extend benefits to spouses and children

Key highlighting features and benefits for group term life insurance

Conversion Option

All or a portion of the face amount—from $10,000 up to the full amount—may be converted to a whole life policy without evidence of insurability, as long as the conversion is completed within 60 days before the term expiration date. Premiums for the new policy will be determined by the insured’s age and insurance company rates in effect on the policy’s issue date.

Portability

Coverage can remain in effect for insured individuals even if their employment ends or the employer’s policy terminates. To continue coverage, the Insurance company must receive a written request and the first premium payment within 90 days of the certificate’s termination date. In some states, certificates cannot stay active once the master policy ends; in those cases, individual term life policies will be issued upon request.

The Accelerated Death Benefit

The Accelerated Death Benefit for Terminal Illness allows the insured to receive an advance on a portion of the death benefit if diagnosed by a physician with a terminal condition and a life expectancy of 12 months or less. The insured may access eligible proceeds up to $250,000, provided at least $10,000 of the policy’s face amount remains in force.