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Group Life
Insurance gives employees an economical way to easily add to their
family's financial security. Employees receive term life insurance
and insurance for accidental death and accidental loss of limb, sight,
hearing or speech.
Choice of Plans:
Structured
Plan: Employers pay all or part of premium with a
pre-determined maximum limit of insurance for each employee.
Voluntary
Plan: Employee selects level of coverage and pays
premium.
Benefits:
Amounts
available in $1,000 increments from a minimum of $5,000 up to a maximum
of $200,000.
Accidental
Death Benefit pays an additional benefit - equal to the term life
insurance benefit - in the event of accidental loss of life.
Accidental
Dismemberment pays an amount equal to the life insurance benefit in the
event of multiple loss of limbs, sight, speech or hearing.
Accelerated
Benefit can be paid to employees who become totally disabled and
terminally ill.
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