Instant Online Quote

Amount of Coverage:

Get a free, no obligation quote instantly.
Compare competing quotes from 30 companies.

Group life insurance for a small business?

Posted in Group Life Insurance 10 months ago, 1 reply

We have a small business that sells golf course passes to other businesses and we are looking to reduce turnover with our staff by adding more benefits. I wanted to find out how a group life insurance policy would work and how it is priced. Does every employee have to take a medical exam? How much coverage could we offer our employees? Finally would it be term life, whole, or something totally different?

There are 10 employees and ages range from 21 to 43.

Thanks for your help Ron.
Avatar_thumbnail
submitted by Sara in Houston, TX
Group life insurance is priced by sex, age and amount of coverage on each individual. Usually there is no exams but a medical questionnaire is required. The amount of coverage might be a multiple of each employees income or a flat amount. The coverage is usually term insurance.
Avatar_thumbnail
submitted by Ronald Belham in Philly @ September 05, 2008 - 03:25 PM
Reply

Write a Reply


Your Name

Your Location in The World

Example: Seattle, WA
Optional: You may login or register for email notifications and to add a profile pic.

Show HTML Controls

I have photo(s) to upload with this reply.

Please Confirm You are Human

simple_captcha.jpg
(type the code from the image)