Group Life Insurance

Group life insurance shows employees you value what matters most to them—their loved ones.

Many employers offering employee benefits consider group term life insurance an essential part of their benefits package. Why? It provides employees with a basic level of protection. Plus, adding voluntary term life insurance to your benefits package allows employees to purchase additional coverage for themselves and their dependents.

Cardenas Insurance can design a flexible group term life and voluntary term life insurance to meet the needs of you and your employees.

Understanding group life insurance terms

  • Flat benefits:
    Coverage is a set amount. For example, a flat $20,000 is a life insurance benefit of $20,000.
  • Percentage of salary:
    Coverage is a percentage of the employee’s salary. For example, an employee has a life insurance policy that is twice (or 200%) their salary. A salary is $50,000, which means a life insurance benefit of $100,000.
  • Increments:
    Choose from a flat dollar amount and let employees elect a benefit that fits their needs and their budget by selecting a benefit that is a multiple of that dollar amount. For example, if you select a $20,000 increment, employees could purchase $20,000; $40,000; $60,000, etc.
  • Accidental Death & Dismemberment (AD&D)
    It is no surprise. People have accidents every day. Unfortunately, some of them are severe. Adding Accidental Death & Dismemberment coverage to group term life or voluntary term life provides your employees with greater protection. A core benefit is paid for the loss of life, hands, feet, thumb and index finger, or vision as the result of an accident.

Extra features—at no extra cost to you

Some of our group life insurance policies give employees access to extra services.

  • Travel assistance helps employees ease some of the worries of traveling – whether in the U.S. or internationally.
  • Will and legal document center: Let us employees create simple legal documents online.
  • Identity theft kit: Allows employees to be proactive in protecting one of their most important assets—their identify.
  • Beneficiary support: Helps those coping with the death of a loved one.