Group Life Insurance
Group life insurance provides for lump sum payments in the event that an employee dies while still in the service of the organization. This coverage will provide a benefit to the beneficiaries (next of kin) if the covered individual dies during the defined covered period.
- Death from any cause (illness or accident)
- Permanent Total Disability (in the event an employee is permanently disabled)
- Last expense/Funeral Expenses
- Critical illness cover (in the event an employee is critically ill and cannot work)