Group Life Insurance in Salt Lake City, UT

Protect your employees and their families with our affordable and flexible group life insurance plans.

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Group Life Insurance
in Salt Lake City, UT

Protect your employees and their families with our affordable and flexible group life insurance plans.

Group Life Insurance
in Salt Lake City, UT

Protect your employees and their families with our affordable and flexible group life insurance plans.

You care about your employees and offering them group life insurance is an excellent way to show it. When you purchase group life insurance in Salt Lake City, you are able to provide your employees with lower cost coverage than if they were only to purchase an individual life insurance policy.

There are plenty of other great reasons to offer group life insurance to your employees, and before you pick the right plan, be sure to understand the answers to these frequently asked questions.

How does group life insurance work?

Life insurance is a lump-sum payment made to your beneficiaries in the event of your death, and it’s also known as a death benefit. When a group, in most cases a company, decides to offer its members (employees) group life insurance, they are essentially buying it in bulk and are able to get a preferred rate.

Often, this means the group can offer coverage to its members at little or no cost to the employees. Group life insurance rates are determined by looking at the overall risk factors, age, and health of the entire group.

Group life insurance is often only applicable while you work for the employer or are part of the group, and it offers smaller coverage amounts than individual life insurance. For this reason, group life insurance is considered a supplement, not a replacement for individual life insurance.

What are the benefits of group life insurance?

  • Low cost
  • Easy to qualify

While group life insurance coverage may not be as extensive as individual life insurance policies, the minimal or non-existent cost to group members means it’s a smart option. If group members don’t have their own individual policies, they will still have the peace of mind knowing they have basic coverage thanks to their group life insurance plan.

Another benefit of group life insurance is that it’s easy to qualify. Unlike individual life insurance plans which often entail medical exams or questions before you are eligible, all group members are automatically included in group plans.

Can I purchase group life insurance if I’m self-employed in Salt Lake City?

To qualify for group life insurance in Utah, your group must include at least two members. So, if you’re a team of one, you’ll have to purchase individual life insurance rather than group life insurance.

Call the agents at Salt Lake City Insurance today to learn more about our affordable group life insurance plans.

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What is free cover limit in group life insurance in Salt Lake City?
Free cover limit refers to the amount that each individual member of the group life insurance can have covered before any medical evidence or underwritings are necessary. If the amount exceeds the free cover limit, medical evidence or underwritings are gathered by the insurer to determine if the person is eligible for coverage past that limit.
What happens to group life insurance with no beneficiary?
For regular life insurance, the insurance company will often pay the estate. Yet for group life insurance, the employer who provides the insurance is frequently put in charge of designations.
Does group life insurance have cash value?
No. Group life insurance does not have a cash value.
What is the group life insurance coverage amount?
This depends on your policy and the type of group life insurance. We recommend checking with your individual insurance company. For more information on group life insurance, Salt Lake City Insurance is also available to answer any questions you may have. Contact us today for more details on our group life insurance policies.
How much does group life insurance cost?
The cost depends on your exact group life insurance policy. It varies. However, you frequently get a lower cost than you would on an individual life insurance policy.

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SALT LAKE CITY INSURANCE GROUP is your best option for comprehensive and budget-friendly coverage in the area. Our fast and friendly service saves you valuable time and money in finding the coverage you require for your family, your business, and your property. Contact us now to get started.

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