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Group Life is a valuable addition to your employee benefit program. Many times this is the only life insurance an employee has to protect their family. Although some carriers allow the employee to share in the cost of this benefit, many carriers require that the employer pay the entire cost of the group life plan if it is offered to the employees.


The Internal Revenue Service allows an employer to provide up to $50,000 of group term life to their employees without any adverse consequences to the employee. If the amount exceeds $50,000, then the employee will have the value of the excess amount included as income on their W-2 and pay State and Federal income taxes on that amount.

Employee Life Insurance - The amount can usually be determined in several ways:

dot Flat amount for all employees - example: $15,000 for each employee
dot Multiple of salary - example: 1 X salary to maximum of $50,000
dot Graded benefit by job title - example:
dotClass 1 Officers, managers and supervisors $50,000
dotClass 2 All other employees $25,000

Dependent life insurance - Many carriers offer coverage for dependents as well. An example of the coverage offered by many carriers would be:

dot Spouse $5,000
dot Children six months of age to age 21 $5,000
dot Children under six months of age $500

Let us help you design a plan that fits your needs.

Getting a quote for Life, Group Health Insurance or Dental is easy.

Let us know how we can help.