Assurity launches new Group Term Life Insurance
Assurity Life Insurance launched its new Group Term Life Insurance product, designed to fit more budgets and last beyond the job, with options for portability and conversion to permanent life insurance.
Benefit amounts range from $25,000–$250,000 (with up to $150,000 guaranteed issue, and maximum determined by underwriting basis and group size and issue age). Plans are available in 10-year, 20-year, and To-Age-70 planned payment periods.
Plans can also be customized, offering four optional riders to enhance benefits and extend coverage to family members:
- Accidental Death Benefit Rider (Employee only)
- Children’s Term Rider
- Spouse Term Rider
- Disability Waiver of Premium Rider (Employee only)
Group Term Life Insurance from Assurity is available now in the following states: AL, AZ, AR, CO, CT, DE, FL, GA, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, NE, NV, NH, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VM, WA, WV, WI, WY.
“We are pleased to have our group term life product in 40 states beginning August 12. Our distribution asked us for this product, and it really enhances our voluntary benefit lineup, which brokers can use to help employers offer protection for employees and their families. – Jack Douglas, Vice President of Worksite Sales.
