Group Life Insurance

Many employers offer Group Life Insurance to their employees as a non-contributory benefit. Typically, benefits are offered as either a percentage of salary or a fixed amount. In addition, many offer the ability to add employee paid coverage on top of the base amount.

An important note about life insurance -- employers with plans that offer more than a $50,000 death benefit to an employee may be required to withhold taxes on the value of the amount above $50,000.

Benefit Sources & Solutions can help guide employers in selecting the Group Life Insurance Plan that best meets their employees’ needs.