Insurance Programs




Group Insurance for Firms
Options and Features



Choice of Immediate Eligibility or a Six Month Waiting Period
Your firm can elect immediate eligibility to eliminate any gaps in life insurance protection your employees could experience when joining a new firm, or select a waiting period of six months before new personnel become eligible to request Plan coverage.

Beneficiary Provision
Term life insurance and accidental death proceeds are paid to a beneficiary designated by the insured. If there is more than one beneficiary, proceeds may be divided in equal or unequal shares. (The employee's firm may not be designated as a beneficiary by the employee.)

Optional Dependents Life Insurance
Plan protection can be extended to include life insurance for eligible family members.

If we elect dependents coverage, which dependents are eligible?
Eligible dependents in most cases include the spouse and children of individuals who themselves are insured under the Plan. Included are legally adopted children, stepchildren and foster children if they are dependents. Children must be unmarried and less than age 21. The spouse or children may not be on active duty in the armed forces. Firm personnel covered under the Plan cannot also be covered as dependents.

The spouse of the insured proprietor, partner, firm member, or employee is covered for one-fourth the insured's life insurance amount, up to maximum spouse coverage amount of $20,000. Each eligible child age six months to 21 years is insured for $10,000, and less than six months, for $400. The cost for coverage will be reflected in any cash refunds payable to participating firms.





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