Purchasing life insurance through the workplace is easy and convenient
The most common reasons people cite for not purchasing life insurance is that they believe it’s too complicated and expensive. However, many also believe they would feel the financial impact in less than one month if there was a loss of the main wage earner.1
Offering life insurance through a worksite plan is a great way to help employees avoid the hassle and prepare for the unexpected. Group Term Life insurance gives employers the flexibility to offer plans at no cost to the company; plans at no cost to the employee; or supplementary or voluntary plans that allow the employees to purchase as much coverage as they would like at affordable group rates.
In fact, about 2 in 10 households prefer to buy life insurance through the workplace because it’s easy and convenient, the rates are affordable and the premiums can be deducted from their paychecks.2