As part of our Integrated Benefits Program, Standard Security Life offers two different group term life programs: the Liberty Series and the Executive Series. We also offer coverage for firefighters as well as a school term life insurance product.
The Liberty Series is designed as a turnkey - guaranteed issue group term life program to be marketed by HMOs to their existing membership. Groups of 5 or more employees are allowed guaranteed issue amounts of $10,000, while groups of 25 or more employees can choose guaranteed issue amounts up to $50,000. Rates are developed in a unisex format allowing for either age banded or composite rate presentation for proposals.
The Executive Series has been designed for the more sophisticated group term life buyer or the larger employer requiring greater flexibility or looking for higher issuing limits. The Executive Series offers competitive pricing, group friendly underwriting and high limits at the senior management levels. The Executive Series is available for groups of 10 or more employees. Classing and carving out of employees is acceptable.
Both the Liberty Series and Executive Series programs offer optional accidental death and dismemberment coverage (AD&D) as well as dependent life coverage. Each employee certificate has the option to convert to an individual policy.
The School Term Life insurance product is designed to address the concerns of teachers and employees. It offers extended rate guarantees of competitive prices. The product can be customized to provide optional Accelerated Benefits in the event of terminal illness, supplemental life coverage, dependent coverage, waiver of premium and conversion.
The Firefighters Term Life insurance product is designed to offer life insurance protection to eligible firefighter groups. This product offers coverage around the clock whether on duty or off duty and the option to convert to an individual policy. This policy also offers optional AD&D Coverage. For more information, click here.