Life Insurance for Employees
Protect your employees and members by creating a unique benefits package that is tailor fit to the needs of your business or organization. By purchasing group life insurance policy coverage for its for its members, companies will be able to secure costs for each individual employee that are much lower than if they were to purchase an individual policy.
Dion Jayakoddy Retirement & Insurance offers affordable and flexible Group life plans to businesses of all sizes. We work closely with business owners to design the package that help attract and retain the kind of workforce you want to attract.
Group Life Insurance
Helping business owners in San Joaquin County to insure their employees and families for many years, Dion Jayakoddy Retirement & Insurance will thoroughly assess your group life insurance needs and create affordable packages that are specifically customized to your business.
Universal Life Insurance - Protects for a specified period of time. This period could be as short as one year or provide coverage for a specific number of years such as 5, 10, 20 years.
Whole Life - Provides coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate.
Term Life - Guarantees payment of a stated death benefit if the covered person dies during a specified term (10 years, 20 years). Dion Jayakoddy Retirement & Insurance can designate options that allow for conversion to Whole Life or Universal Life.
Specialized Group Life Insurance Options
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Advantages of Group Life Insurance
The biggest appeal group life insurance has for employees is its value for money. Group members typically pay very little, if anything at all. Any premiums are drawn directly from their weekly or monthly gross earnings. Qualifying for group policies is easy, with coverage guaranteed to all group members. Unlike with individual policies, group insurance doesn’t require a medical exam.
Dion Jayakoddy Retirement & Insurance is here to answer your questions and help find the right policy for you.