Brandon, Florida Group Life Insurance
Florida Group Life Insurance is usually a part of your employees benefit package and covers an entire group of people. Policies are based on the risk of the group as a whole, not based on an individual’s lifestyle habits or health factors. The costs are usually much less than if the employee purchased an individual policy.
Federal income-tax deductible premiums, fringe benefits to offer new employees and valuable life insurance protection provided at a low group rate are some of the advantages to an employer offering Group Life insurance in Florida. It may also save your company money in hiring and training costs, and contributes to employee security, loyalty, and higher morale which in turn reduces employee turnover.
Group Life Insurance Options in Brandon, Florida
Group Life from Odiorne Insurance Agency can be purchased in Term Insurance or Whole Life Insurance. Term Life is the most common and cost effective. It remains in effect until employment is terminated or until the specific term of coverage ends. The employee has the option of converting the group coverage to an individual policy when leaving employment, but the premium tends to be much higher than those available to individuals.
As an employer, you are aware that having a good comprehensive benefit package is critical to your success. The licensed agents at the Odiorne Insurance Agency can help gather the information needed about your business, employees, and objectives to help you remain competitive in the hiring market by offering your employees group life insurance.
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Speak with a licensed agent for additional information regarding these coverages or refer to your actual policy for specific coverages and limits. It’s important to learn what your policy coverages include and how different limits could potentially negatively effect your business risk and liabilities.
The information offered throughout our website is not legal advice or a substitute for consultative insurance purposes, it is for illustration and informational purposes only. For additional information regarding your specific insurance needs, please call and speak with one of our licensed insurance agents today. Our agents are ready to assist you in navigating your insurance options.