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Groups
Services offered through our licensed life, accident & health agents and affiliated brokers.
Life
Group life insurance is a type of life insurance that is provided to a group of people, usually as a benefit offered by an employer to its employees. The employer typically pays the premiums for the coverage, and the employees are usually eligible to participate in the plan without the need for individual medical underwriting. The death benefit, which is the amount paid out to the beneficiaries of the deceased employee, is typically a multiple of the employee's salary.
Accident
Group accident insurance is a type of insurance that provides coverage for accidental injuries or death to a group of people, typically as a benefit offered by an employer to its employees. The employer typically pays the premiums for the coverage, and the employees are usually eligible to participate in the plan without the need for individual medical underwriting.
The coverage provided by a group accident insurance policy can include benefits such as medical expenses, accidental death and dismemberment, and disability income. The policy will typically specify the maximum benefit amount that will be paid for a particular type of injury or loss.
Health
Group health insurance is a type of insurance that provides coverage for medical expenses to a group of people, typically as a benefit offered by an employer to its employees. The employer typically pays a portion of the premiums for the coverage, and the employees are usually eligible to participate in the plan without the need for individual medical underwriting.
Group health insurance policies typically cover a wide range of medical expenses including doctor visits, hospital stays, prescription drugs, and other medical treatments. They can also include additional benefits such as coverage for mental health services, vision and dental care, and preventive care. Some group health insurance policies also include coverage for dependents, such as children or spouses. The specific benefits and coverage amounts will vary depending on the policy.
Short and Long Term Disability
Group disability coverage is a type of insurance that provides financial benefits to a group of people, typically employees of a company, who become unable to work due to a disability. The employer typically pays the premiums for the coverage, and the employees are usually eligible to participate in the plan without the need for individual medical underwriting.
The coverage provided by a group disability policy can include benefits such as disability income, which is a percentage of an employee's salary paid to them while they are unable to work. The policy will typically specify the maximum benefit amount that will be paid, the duration of the coverage and the definition of disability.
There are two types of group disability coverage, short-term disability coverage which typically pays benefits for a period of up to 26 weeks, and long-term disability coverage which typically pays benefits for a longer period of time, such as 2 years or until retirement age. The specific benefits and coverage amounts will vary depending on the policy and the employer.
Voluntary Worksite Benefits
Voluntary worksite benefits, also known as voluntary employee benefits or voluntary benefits, are additional insurance and financial products that employees can choose to purchase through their employer, in addition to their traditional benefits package. These benefits are typically offered at the worksite, either through payroll deduction or through direct billing to the employee.
These benefits are usually not paid by the employer, but rather by the employee, who pays for the coverage through payroll deduction or a direct billing. The coverage is portable, meaning employees can take the coverage with them when they leave the employer. Voluntary worksite benefits can help employees fill gaps in their traditional benefits package and provide them with more comprehensive coverage.
Medical Savings
Group medical savings accounts (MSAs) are a type of savings account that is used to pay for qualified medical expenses. MSAs are typically offered to employees as part of a group health insurance plan, and are funded by contributions from the employer and/or employee. The funds in the account are typically used to pay for out-of-pocket medical expenses that are not covered by the employee's health insurance plan.
There are two types of MSAs: Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs).A Health Savings Account (HSA) is an individual account owned by the employee and is paired with a high-deductible health plan. It allows employees to save pre-tax dollars for qualified medical expenses, and the funds in the account roll over from year to year, if not used.
A Flexible Spending Account (FSA) is an account that is owned and funded by the employer and the employee, and the funds in the account do not roll over from year to year, if not used.
MSAs can be a useful way for employees to save money on medical expenses, and can help to offset the costs of high-deductible health plans.
Speciality Risk
Group specialty risk refers to a type of insurance coverage that is designed to protect a specific group of people or a specific industry from a specific type of risk. Group specialty risk insurance policies are typically offered to a specific group of individuals or businesses that share a common risk, such as a specific occupation or industry. This coverage can be tailored to meet the unique needs of the group and can include a wide range of coverage options, such as liability coverage, property damage coverage, and other specialized coverage options.