Group Life Insurance is a cost-effective, crucial employee benefit, covering all eligible employees without health inquiries, unlike personal insurance. Employers can offer flat or salary-based benefits, extending coverage to spouses and children. Additionally, voluntary (employee-paid) Life insurance allows extra coverage with minimal health scrutiny, exceeding employer contributions.
Your income stands as a crucial financial asset, making Group Long Term Disability Insurance (LTD) the second most vital employee benefit. It replaces up to 67% of an employee's income in case of disability, whether from on- or off-the-job incidents. Unlike CA State Disability, benefits can extend to retirement age, providing extended financial security. Group LTD, like Group Life Insurance, is surprisingly affordable, offering potent support in times of employee disability or death.
