Leading the Way: A Guide to Group Life Insurance for Canada's Upcoming Leadership Elections
Group Life Insurance: Providing Financial Protection for Employees
Discover the benefits of group life insurance coverage for employees. Learn about death benefits, ad...Read more →
What Are The Benefits Of Group Term Life Insurance?
Group life insurance has many benefits. These benefits can include: -peace of mind - knowing that your loved ones are insured should something happen to them -tax savings - with group term life insurance, you can deduct the premiums from your taxes -potential cash value growth - if the policy is still in effect at the end of the term, the policy may have a cash value that can be collected -additional coverage - if you are covered under a group policy and a family member dies, the coverage may continue -reduced premiums - group life insurance premiums can be reduced when multiple people are insured under the policy -a dedicated team of insurance professionals - with a group policy, you are working with a team of insurance professionals who can help you understand your policy and make sure you are getting the most from it.
What Are The Exclusions Of Group Term Life Insurance?
Group term life insurance is a type of life insurance that is offered in group formats. The major exclusions of group life insurance are as follows: -The policy cannot be taken out on a group basis -The policy cannot be combined with another life insurance policy -The policy cannot be combined with any other product or service -The policy cannot be sold to someone other than the policyholder or the policyholder's spouse -The policy cannot be renewed