LINCOLN,
Neb., Aug. 13, 2024 /PRNewswire/
-- Assurity Life Insurance launched its new Group Term Life
Insurance product, offering employees and their families affordable
protection.
"We are pleased to have our group term life product in 40 states
beginning August 12," said
Jack Douglas, Vice President of
Worksite Sales. "Our distribution asked us for this product, and it
really enhances our voluntary benefit lineup, which brokers can use
to help employers offer protection for employees and their
families."
The new Group Term Life Insurance product is designed to fit
more budgets, protect employees and their families, and last beyond
the job, with options for portability and conversion to permanent
life insurance.
Benefit amounts range from $25,000–$250,000 (with up to $150,000 guaranteed issue, and maximum determined
by underwriting basis and group size and issue age). Plans are
available in 10-year, 20-year, and To-Age-70 planned payment
periods.
Plans can also be customized, offering four optional riders to
enhance benefits and extend coverage to family members:
- Accidental Death Benefit Rider (Employee only)
- Children's Term Rider
- Spouse Term Rider
- Disability Waiver of Premium Rider (Employee only)
Group Term Life Insurance from Assurity is available
now in the following states: AL, AZ, AR, CO, CT, DE, FL, GA,
IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, MO, NE, NV, NH, NM, NC,
ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VM, WA, WV, WI,
WY.
The new plan bolsters Assurity's full suite of worksite
products.
https://www.assurity.com/benefits-at-work
About Assurity: As a mutual organization, Assurity was
founded on the simple concept of people coming together to support
each other in moments of need. We help people through difficult
times by providing affordable insurance protection that's easy to
understand and buy. We all share in the future we create, and we
believe in using our business as a force for good.
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SOURCE Assurity