Capital Insurance Group: Offer Life Insurance Options

Employers looking to attract and retaining top talent are making Group Life insurance available to employees as part of their benefits package. This is a sound and valuable way of providing employees with a means of protecting their families and assets at a minimal cost. Group Life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policy owner is the employer with the policy covering the employees or members of the group. In most cases, the cost of group coverage is far less than what the employees or members would pay for a similar amount of individual protection.

At Capital Insurance Group, we can help you design a plan with standard and optional features that fit your company’s needs, and makes your company’s Group Life coverage attractive to employees.

Types of Plans Available

Group Term Life: Group Term Life insurance is a common employer-sponsored life insurance offering. The coverage is generally very affordable for employers to offer, because the group plan spreads risk over many people so premiums tend to be low.

Group Term Life insurance is coverage that employers offer to employees only. Coverage may be employer-or-employee paid. Often, employers offer a specified benefit (flat fee or percentage of salary) that is cost-free for employees, and then offer the option for employees to purchase additional coverage.

Spouses and dependents are not covered under this type of plan, some employers also offer separate voluntary plan to cover these individuals if employees choose.

Voluntary Group Term Life: Designed to offer life insurance benefits in addition to the employer-provided Group Term Life Insurance benefit. Voluntary Group Term Life insurance offers employees the flexibility to change their level of coverage as their needs change, and provides protection for their spouse and children at group rates.

We’re your trusted partner.

Our 35-year history of providing superior services and professionalism has established us as a leading agency in Southeast Michigan. Our “Crain’s Detroit Business” listing of “top agencies” is testimony to our commitment to you. We also give back to the communities we serve, contributing 1% of our revenue to a number of local charities. Capital Insurance Group has the experience, expertise and passion to help protect you against the exposures you face individually and professionally. We provide a broad portfolio of personal, business, and employee benefits solutions and would like the opportunity to show you how we can make difference in the way you see insurance. Give us a call at (248) 333-2500 to discuss your specific needs.