Life Insurance

Probably the most commonly understood insurance product, life insurance is considered a necessity buy most individuals. It is also the most common insurance benefit provided by employers, after medical benefits.

As a fundamental element of any benefits package, Group life insurance helps protect employees and their loved ones from financial hardships related to an untimely death.

Offering life coverage to your employees is sometimes the only life coverage they may ever have to protect their family in the event of their death. The cost of group life is very low and can be payroll deducted from the employee’s check making it very affordable and easy to pay for.

Life coverage can be offered by the Employer as a group benefit.

Life Funding options

• Employer funded
• Employee funded
• Employer/Employee funded

Questions you may have:

My health carrier requires me to carry a certain amount of life coverage, should I offer additional life coverage to my employees??? If so should it be employer or employee paid?

How do my employees know how much life coverage they should have?

Can my employees take this coverage with them if they leave my employment?

Schiff, Kreidler-Shell welcomes the opportunity to help your organization examine these and any other questions you may have. Please contact Tom Colvin, J.D., CLU at 513-977-3128.