TripleChoicePlan
Dental • Vision • Life • Disability

Group Life

Group Life Insurance: Overview

Group Life insurance is offered by an employer or large-scale entity (i.e. association or labor organization) to its workers or members. Group life insurance is typically offered as a piece of an employer or membership benefit package. By purchasing coverage through a provider on a “wholesale” basis for its members, the coverage costs each individual worker/member much less than if they had to purchase an individual policy. Those receiving coverage may not have to pay anything “out of pocket” for policy benefits or they may elect to have their portion of the premium payment deducted from their paycheck. The employer or organization purchasing the policy for its workers or members retains the master contract. People who elect coverage through the group policy receive a “certificate of credible coverage,” which will be necessary to provide to a subsequent insurance company in the event that the individual leaves the company or organization and terminates their coverage.

TripleChoicePlan proudly offers Group Life from UNUM.

Please see the summary below.

Eligibility

Program Size

Product Offering

Rate Guarantee

Other

  • Active Employer (ER) / Employee (EE) relationship
  • Must be W-2 employee
  • Work Minimum of 20 hours/week
  • No Retiree Coverage
  • 10-249 Eligible Employees

  • ER paid Group Basic Life w/AD&D
  • EE paid Group Supplemental Life
  • EE paid Group Dependent Life
  • 2 year rate guarantee on Basic Life and AD&D
  • 3 year rate guarantee if Basic & Voluntary Life are purchased
  • Plans are both Convertible and Portable

 

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