Workplace Life Insurance as a Benefit
70% of Households say they need life insurance, yet only 59% of them own any and more than 20% say they do not have enough.
39% of spouses or partners wish their significant other had more life insurance.
43% of households without life insurance would have immediate trouble paying expenses, especially if they lost the primary wage earner.
Workplace life insurance allows the business owner to extend a much-needed benefit without any direct costs. This program is completely voluntary, and your employees decide if they are going to participate or not.
Workplace life has three simple products to choose from with no medical tests or health-related questions asked.
How does it work?
Premiums are paid through a payroll deduction. This simple payroll deduction offers lifetime protection as long as your employee continues to pay the premium. If they leave your place of employment, they can also take this policy with them.
If you have 15 or more employees, this is a must-add benefit for your company.