September is Life Insurance Awareness Month, and our team at Martinelli wanted to share a few tips about group life coverage. Yes, you want your team to have a robust benefits package that serves them now and in the future, but there can be more—you can do more.
What if you offered group life coverage at no cost (or very little cost) to your employees?
Why Choose Group Life Insurance?
Group life insurance is cheaper and offers more coverage than your team might get on the open market. You can contribute to these policies, and your team members will pay a small portion of their premium each month. Some companies pay the entire premium as a part of the employee benefits package.
Remember, group life insurance says “I care” just as much as the salary you pay or the free snacks in the break room.
Insurance for Key Personnel
Yes, you can purchase insurance that reimburses your business when you lose a key executive or manager. However, have you considered buying more robust life insurance policies that benefit the employee’s family? This could be part of an executive benefits package, or this massive policy might be something smaller companies offer because they can afford it and team members don’t often leave.
Think outside the box so that your corporate culture matches the benefits you provide.
Contact Martinelli Benefits Advisors for More Information on Life Insurance Coverage
Our team at Martinelli is happy to help you choose the best life insurance protection for your team. Yes, employee benefits are a no-brainer, but you can offer group life insurance that protects the families who depend on your team. You can do more, and we’ll help you throughout the entire process.