12% portfolio weight
Life & Financial Protection
Group life, voluntary life, AD&D, accident, critical illness, and hospital indemnity form the financial protection layer of your benefits program. These are often underutilized and under-communicated.
Benefit Lines (6)
Group Life Insurance
Employer-paid group term life insurance
Voluntary Life Insurance
Employee-paid voluntary life insurance
AD&D Insurance
Accidental death and dismemberment insurance
Accident Insurance
Voluntary accident insurance
Critical Illness Insurance
Voluntary critical illness insurance
Hospital Indemnity Insurance
Voluntary hospital indemnity insurance
Key Employer Questions
- 1Is your group life benefit at least 1x salary?
- 2Do you offer guaranteed issue voluntary life at open enrollment?
- 3Is your hospital indemnity benefit coordinated with your HDHP?
- 4Are accident and critical illness benefits communicated effectively?
- 5Do you have an executive carve-out for supplemental life?