Drug and Dental Benefits

Group Term Life Insurance

Accidental Death and Dismemberment

There are two coverage options:

Flat Amount: The amount chosen usually varies between $10,000 to $1,000,000 with increments from as little as $5,000.

Salary Based: The amount of coverage is usually in the range of 1 to 3 times earnings with a maximum of $1,000,000. This option provides increased flexibility enabling the coverage to be increased in line with inflation or when the employee’s circumstances change.

Coverage is also available for an employee’s spouse and children.

Premiums paid by you are taxed as a benefit to your employee but the benefits are not taxable.

Should one of your employees die as a result of an accident twice the sum they are insured for under the Group Term Life Insurance coverage would pay out or, dependent upon the limb that has been dismembered, a lump sum would be payable.

Premiums paid by you are not taxed as a benefit to your employee but still provide cheap insurance and the proceeds are not taxable to the beneficiary.

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