In this economy, employee benefits can be a more important tool than ever for a business owner. Workers are concerned about making ends meet and at the same time protecting their financial future. Offering group life insurance to your employees and their dependents can help attract and retain good people. Here at the William M. Sparks Insurance Agency in Lutherville / Timonium, Maryland (Baltimore County), we can help you establish a program that fits your company’s needs whether you are located in Maryland (MD), Virginia (VA) or Pennsylvania (PA).
Group life insurance is an employer-sponsored program for you, your employees and (optionally) their dependents.
Typically, if the program is wholly sponsored, the type of coverage will be term life insurance for which your company may pay 100% of the premium.
Group life insurance can be structured in many ways, perhaps taking the form of a voluntary insurance program for your employees who pay their premiums using a payroll deduction system that you administer. In this type of program, it would likely be possible to offer whole life insurance as opposed to term life insurance.
Why not speak to our representatives at the William M. Sparks Insurance Agency in Timonium, MD, today and explore all the group life insurance benefit plan options available for your business?
Just contact us for the details to get started.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.