Being prepared is the basis of group life and accidental death and dismemberment insurance. Insurance plans provide financial support for plan members and their families in the event of a death or accident.

One year Term insurance often offered as a function of annual salary, (eg.1times , 2 times or 3 times) or a flat amount (eg. $25,000 or $50,000). This benefit usually decreases by 50% at age 65 and terminates at age 70. Conversion to a personal plan is available before age 65 if an employee leaves employment. Optional life insurance is often available and is sold in set units (eg. $10,000). Medical underwriting is required.

Accidental Death and Dismemberment is often the same amount as the life insurance but there are also options to increase the amount paid out if the accidental death occurs at work periods.

Employee term life

If you choose to offer life insurance to your plan members:
Coverage is provided for plan members only. Benefits are paid to the beneficiary upon a plan member's death.

Dependant term life

When you choose to offer coverage for your plan members and their eligible dependants:
Plan members’ spouses and dependent children are covered.

Optional term life

This gives your plan members the opportunity to add more coverage.
Plan members may increase their existing insurance coverage, to reflect their individual needs.