With the increase in technology and access to the internet, business owners today, face a difficult task in holding onto high-quality employees.  Group Life Insurance provides an affordable product that employees and their families can benefit from.  Not only can Group Life Insurance provide much needed protection in the event of a sudden death, it can act as a vehicle for acquiring and/or securing employees.

Group Life Insurance is written to provide, by certificate, a scheduled amount of insurance for each employee.  The insurance limits often increases as the individual’s period of employment lengthens.  There are a number of different enhancements that can be attached to a Group Life Insurance Policy.  Some examples of this include:

1. Continuation of Coverage:  this allows an employee, upon termination, to continue his/her life insurance through an individual term policy without evidence of insurability
2. Accidental Death Benefit:  this provides an additional amount, equal to the life insurance benefit, if an individual dies as the result of an accident
3. Dependents Coverage:  this allows a covered employee to elect coverage for eligible dependents

Whether you are a small business owner with a handful of employees, or a large corporate owner with multiple locations, Suburban General Insurance Agency can tailor a unique policy to meet your changing business needs.