Benefits of small group life insurance
- Affordable coverage for employees
- Simplified enrollment with minimal underwriting
- Enhanced employee benefits package
- Improved employee retention and satisfaction
- Financial protection for employees’ families
- Independent Agency
- Multiple Carriers
- Licensed Advisors
- Ongoing Support
For small businesses
Affordable, flexible coverage for your team.
The Assurance Network works with small businesses to design affordable and flexible group life insurance solutions that meet both employer and employee needs.
Coverage options
Types of small group life insurance
Group Term Life Insurance
Group term life insurance provides coverage to employees for as long as they remain with the company. Employers may fully fund the policy or share costs with employees.
Voluntary Life Insurance
Voluntary life insurance allows employees to purchase additional coverage beyond the employer-provided benefit, often at group-discounted rates.
Supplemental Life Insurance
Supplemental policies give employees the option to increase coverage amounts to better meet personal financial responsibilities.
Accidental Death & Dismemberment (AD&D)
AD&D coverage provides additional benefits in the event of accidental death or serious injury.
Employer-Paid vs. Employee-Paid Options
Employers can choose to offer fully employer-paid life insurance, employee-paid options, or a combination of both to meet budget and workforce needs.
FAQs
Questions employers ask
What is small group life insurance?
Small group life insurance is a life coverage plan offered to a group of employees, typically in small businesses, to provide financial protection to their beneficiaries.
Who qualifies for small group life insurance?
Employees of small businesses or organizations that offer group life benefits are eligible to enroll in these plans.
What does small group life insurance cover?
It generally provides a death benefit to the employee’s beneficiaries and may offer additional coverage options like accidental death benefits.
Are small group life insurance premiums shared between employer and employees?
Often, employers pay a portion or all of the premium, making it more affordable for employees.
Can employees keep coverage if they leave the company?
Coverage usually ends when employment ends, but some plans may allow conversion to an individual life insurance policy.
Complete your benefits package
Group health and Medicare options too.
Pair group life coverage with group health, dental and vision plans, or help employees turning 65 understand their Medicare choices.
Give your team protection they’ll value.
We’ll help you choose employer-paid, employee-paid or shared options that fit your budget.