With group life insurance, you can balance your costs while assisting your staff in protecting their families in the event of the worst-case scenario.

Peace of Mind

Having the proper insurance coverage gives the insured peace of mind that they will be taken care of in the event of an emergency.

Set for Life

Customers told us what they disliked the most about insurance. We listened and that's why we give you so many options for the types and amounts of insurance you have.

Tailored cover

Everyone's needs are unique, which is why we allow you to tailor your insurance. Let us assist you in tailoring your insurance cover today!

What is Group Life Insurance?

Group life insurance improves your employees' quality of life by protecting their loved ones and beneficiaries. As one of the most essential benefits you can provide to your employees, we would assist in selecting the appropriate solutions to meet the demands of your workforce.

Group Life Insurance

Group life insurance is a popular employee benefit because it is relatively inexpensive and easy to obtain. The premiums for group life insurance are typically much lower than the premiums for individual life insurance policies, and the members do not need to undergo a medical exam to qualify for coverage.

 

There are two main types of group life insurance policies: term insurance and permanent insurance. Term insurance provides coverage for a specific period of time, such as 10, 20, or 30 years. Permanent insurance provides lifetime coverage, but it typically has higher premiums than term insurance.

The amount of coverage that is available under a group life insurance policy varies from employer to employer. Some employers offer a minimum level of coverage, while others allow employees to purchase additional coverage. The amount of coverage that you need will depend on your individual circumstances, such as your age, income, and financial obligations.

Group life insurance is a valuable employee benefit that can provide peace of mind to you and your family. If you are offered group life insurance through your employer, you should consider taking advantage of it.

Benefits of Group life insurance:

  • It is relatively inexpensive.
  • It is easy to obtain.
  • There is no need to undergo a medical exam.
  • It can provide peace of mind to you and your family.

challenges of group life insurance:

  • The coverage may be limited.
  • The employer may have the right to cancel the policy at any time.
  • The beneficiaries may not receive the full death benefit if the insured person dies while on the job.

Overall, group life insurance is a valuable employee benefit that can provide peace of mind to you and your family. If you are offered group life insurance through your employer, you should consider taking advantage of it.

Things to consider when choosing a group life insurance policy:

  • The amount of coverage you need.
  • The type of policy you want (term or permanent).
  • The cost of the policy.
  • The benefits of the policy.
  • The reputation of the insurance company.

Not sure what you need?
Speak to an agent now

Call Now

+234 (808) 527-7866