To protect them when they are most vulnerable.
Most families—especially when they are just starting out—don’t have much of a cushion to fall back on if something goes wrong. That’s why the loss of a primary breadwinner can be so difficult to overcome. That’s also why so many of your members and clients consider life insurance to safeguard their family’s lifestyle and future.
Here’s why your members and clients will appreciate the opportunity to secure group coverage:
The benefits of life insurance.
For generations, life insurance has proved to be a cost-effective way to help protect families from the economic impact of losing a loved one. While nothing can ever fill the emotional void, the death benefit protection of life insurance can help compensate for the resulting loss of income. And because the proceeds are generally passed free from federal income taxes, every penny can be used to meet their day-to-day needs.
What group products are available?
Annual Renewable Term
Annual term life coverage popular with young families and middle-aged clients due to low initial premiums and high face values.
Chronic Illness Rider
Accelerate a portion of the death benefit to help mitigate the costs associated with chronic illness.5 (Can be added to Annual Renewable Term.)
10-Year and 20-Year Guaranteed Level Term
Term life coverage where premiums and benefits are guaranteed for defined periods of time.
50+ Multi-Benefit Term
Simplified issue makes it easy for maturing members and spouses to qualify for as much as $100,000 in term life coverage, plus a chronic illness accelerator that operates much like the rider below.
Whole Life Insurance
Permanent coverage that builds cash value and never needs to be renewed.
3Forbes, “How much life insurance do you really need?,” January 13, 2020.
4LIMRA 2019 Insurance Barometer Study.
5Chronic illness is defined as permanently unable to perform two out of six activities of daily living (bathing, dressing, eating, toileting, transferring, or continence) or has a permanent severe cognitive impairment requiring substantial supervision.