Group Life Insurance

Employee life insurance is an essential part of a comprehensive employee benefit package. The IRS allows up to $50,000 in term life benefit to be paid by the employer without any income tax impact to the employee. The basic term life policies provide piece of mind for the employer and employee, but there are many different life strategies that can implemented to create a strong valued benefit for your employees.

Many employers also sponsor voluntary life buy-up programs for their employees. This $0 cost program to the employer can often be the only business Life Insurance coverage their employees own. Helping their employees plan for life's risk can greatly add to the overall security of their workforce.

In addition to traditional employer life solutions, executive life solutions can be a solid addition to any employer benefit program. Examples of these executive solutions include:

  • Key Person Insurance
  • Executive Bonus Plans
  • Deferred Compensation Plans
  • Supplemental Executive Retirement Plans.

Let the professionals at Atlantic/Smith, Cropper & Deeley review your current Group Life Plan to see if you are getting the best value for your premium dollar.