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Help protect what you’ve built—and those who help build it
Your business is built on hard work, dedication, and the people who make it thrive. Insurerodo helps ensure your employees-and your business-are protected, no matter what lies ahead.
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Group Life Insurance
Group Life Insurance is a type of life insurance that many employers provide to their employees as part of the job benefits. In simple words, it is a safety cover that helps an employee’s family financially if something unfortunate happens to the employee during the service period. Most of the time, the employer pays the full premium, or sometimes a small amount is deducted from the employee’s salary.
This insurance usually offers a fixed amount of coverage, often linked to the employee’s annual salary, such as one or two times the yearly pay. Because it is given to a group of employees together, there is no medical test required in most cases, which makes it easy to get even for people with health issues.
What the Power of Insurerodo Means for You
Freedom
Employees don’t have to worry about huge medical bills or unexpected life events.
Secutiry
A deep commitment to protecting generations of families.
Trust
Nearly 50 years of strength and stability by your side.
Our advisors are here to help.
Your expert advisor will listen to your needs and goals and will recommend the right type of life insurance for your life and budget. They’ll be in your corner to guide you every step of the way and help you stay protected, today and every day.
Frequently Asked Questions
What is group life insurance?
Group life insurance is a type of life insurance provided by an employer or organization that offers coverage to eligible members under a single policy. It is commonly offered as part of an employee benefits package in the United States.
How does group life insurance work?
The employer or organization purchases a master policy from a U.S.-licensed insurance company. Eligible employees receive coverage, often automatically, with premiums typically paid fully or partially by the employer.
Who is eligible for group life insurance?
Eligibility usually depends on employment status, such as full-time or part-time classification. Some plans may require a waiting period before coverage begins.
How much coverage does group life insurance provide?
Coverage amounts vary by employer but are often based on a multiple of the employee’s salary (for example, one or two times annual earnings) or a flat dollar amount.
Is medical underwriting required?
Many group life insurance plans offer guaranteed issue coverage up to a certain amount, meaning no medical exam is required. Coverage above that amount may require evidence of insurability.
Is group life insurance portable?
Some group life insurance policies offer portability or conversion options, allowing employees to continue coverage after leaving the employer, typically at higher individual rates.
What happens to coverage if I leave my job?
Coverage usually ends when employment ends. However, many plans allow you to convert your group coverage to an individual life insurance policy without medical underwriting, if done within a specified time frame.