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Group Term Life Insurance
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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.
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Liberty Series
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.
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Executive Series
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
& Dismemberment Coverage (AD&D) as well as Dependent Life
Coverage. Each employee certificate has the option to convert to an
individual policy.
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School Term Life
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.
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Firefighter's Term
Life
The Firefighter's
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.
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