Group life insurance is often offered as a benefit through your employer or through membership of a society or association. Group insurance is generally less expensive than individual coverage plans. Individuals are able to fill many of their insurance needs with group insurance plans; however, some additional coverage is sometimes necessary.
The following factors are benefits of group insurance policies:
- Group premium rates
- Guaranteed coverage
- Electronic funds transfer for paying premiums
- Convertible coverage
- Increasing coverage options following family status change
For more information regarding group insurance plans and the benefits of these types of policies, speak with a knowledgeable insurance agent at Nickerson Insurance Services, Inc. We are here to help!
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