Types Group Life Insurance Tips: Family, Group, Business: Insurance Quotes

In today's high cost insurance market it's more important than ever to compare providers for affordable insurance.

We operate through a network of insurance providers with thousands of policies across the nation. By clicking the type of insurance you need and entering your zip code you are matched with low cost insurance companies and provided multiple quotes for fast & easy comparison! - You are under no obligation, So you have nothing to loose - and lots to save!

Types of Group Insurance

What are the basic types of group life insurance?

The life insurance coverage provided by most group plans is one-year term. The plan comes up for renewal each year, and both the insurance company and the employer have the opportunity to consider whether to continue it. For the insurance company, it is also an opportunity to revise the rates. The employer is the policyholder and each covered individual is issued a certificate showing his or her certificate number.

Some group plans include cash value insurance as an option. For example, some employers offer group universal life, which the employee can purchase by salary deduction.

Some companies offer individual (non-group) insurance policies purchased at the place of employment. A representative of the company that provides the group insurance coverage is often available at the worksite to answer questions about the group coverage as well as review other family coverage. Additional personal insurance to fill gaps in insurance protection can be purchased at the employee’s option.

Other types of insurance include business-related plans such as split dollar insurance where individual policies are purchased. Typically, the employer pays the premiums, with the benefits to be split between the employee and the employer.

We offer multiple insurance quotes for anyone living in the following states, Alabama AL, Alaska AK, Arizona AZ, Arkansas AR, California CA, Colorado CO, Connecticut CT, Delaware DE, District of Columbia DC, Florida FL, Georgia GA, Hawaii H, Idaho ID, Illinois IL, Indiana IN, Iowa IA, Kansas KS, Kentucky KY, Louisiana LA, Maine ME, Maryland MD, Massachusetts MA, Michigan MI, Minnesota MN, Mississippi MS, Missouri MO, Montana MT, Nebraska NE, Nevada NV, New Hampshire NH, New Jersey NJ, New Mexico NM, New York NY, North Carolina NC, North Dakota ND, Ohio OH, Oklahoma OK, Oregon OR, Pennsylvania PA, Rhode Island RI, South Carolina, South Dakota, Tennessee TN, Texas TX, Utah UT, Vermont VT, Virginia VA, Washington WA, West Virginia WV, Wisconsin WI, and Wyoming WY, and other US territories.