Group Life Insurance

Includes life insurance, dependent life insurance, accidental death & dismemberment insurance, and critical illness insurance.

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5.0 Stars
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5.0 Stars

Essential Life Insurance coverage for your employees

The majority of group benefits packages include some form of group life insurance coverage. This benefit is usually provided at little or no additional cost to employees and often allows them to cover their spouses and children as well.

Group life policy usually provides basic but necessary life insurance coverage, and the coverage is lost if a member leaves the company. If that is the case, the departing employees are given the option to convert their coverage to an individual life insurance policy.

The maximum amount of the benefit is determined by the size of the group. There are two types of maximums:

  • Non-evidence maximum
  • Overall maximum

The non-evidence maximum is the amount of insurance the provider will cover without proof of good health. The larger the size of the group, the larger the non-evidence limit will be. If a group requires a higher limit, each eligible employee will be required to provide proof of good health. The overall maximum is the maximum amount of insurance the insurance company will cover.

What is a Group Life Insurance policy?

Well from the word itself,

Group Life Insurance is no different from individual life policy but only designed for a group of people. Normally, the policy owner is an employer or an entity such as a labor group or organization, and the policy covers the workers or members of the group.

It is often offered as part of a complete employee benefits package for the purpose to attract highly skilled and good employees and make them stay for good to the company.

Why should I purchase Life Insurance for my employees?

There are several reasons why you should purchase life insurance for your workforce. First, offering these benefits is an effective way of showing to your people that you value their hard work, loyalty and contributions to the company. Second, it is a way to show your staff that you care about their well-being and that of their families. Finally, a group life policy is also a great way to provide your employees with access to tax-free benefits*.

*Note: Group health and dental plans are subject to taxes in Quebec only.

What are the typical Group Life Insurance benefits?

A typical Group Life policy will include the following benefits:

Accidental Death and Dismemberment Insurance

A predetermined amount that is paid out to a deceased employee’s designated beneficiary (or beneficiaries) when an accidental death occurs. This can be a defined maximum or a multiple of an employee’s annual earnings. There are also benefits paid out if an employee suffers a loss or loss of use of certain body parts. You can find a full list of what is covered inside your policy booklet.

Critical Illness Insurance

This coverage includes a defined amount that is paid to an employee who suffers any of the covered illnesses. The covered illnesses vary based on the insurance provider. The illnesses most commonly covered under this benefit include:

  • Cancer
  • Heart attacks
  • Heart bypass surgery
  • Strokes

Dependent Life Insurance

A set amount that is paid out to a deceased employee’s designated beneficiary (or beneficiaries). This can be a defined maximum or a portion of an employee’s annual earnings.

Employee Basic Life Insurance

A set amount that is paid out to a deceased employee’s designated beneficiary (or beneficiaries). This can be a defined maximum or a portion of an employee’s annual earnings.

Where can I get Group Life Insurance plans?

Like other kinds of employee benefits, This insurance plan can be obtained from most licensed insurance brokers like us. Before you make the call, however, you can also get a free quote by clicking the button above to help you learn more about the options available to you.

Our Reviews

Excellent5.0 ★★★★★ Exceptional service. Excellent attention to the details, Definitely, insurance made easy. Excellent explanatory brochures and emails. Really made it easy. Not the lowest price but the best value for our company and employees.Ed RomanowskiEd Romanowski ★★★★★ Very pleased with the service received. In particular, the professionalism of staff and seamless process it took to have staff benefits sorted. Thank you!Kikoo NdhlovuKikoo Ndhlovu ★★★★★ An absolute pleasure to work with, very helpful and patient.answered all questions without hesitation,Highly recommended !!joann rabyjoann raby ★★★★★ Smooth easy sign up, courteous professional service. The process was quick, the representative was knowledgeable. Overall, I would recommend this service as I have no complaints.Paul BeattiePaul Beattie ★★★★★ Made the whole process of signing up a new company a breeze! Very knowledgeable and professional!Rodney CharltonRodney Charlton ★★★★★ They are very easy to deal with and they communicate very professionally.Lou BrattyLou Bratty ★★★★★ Knowledgeable and helpful.Ian SmithIan Smith ★★★★★ Easy to set up. George who helped me set up the insurance for our group and punctual and knowledgeable. Great prices too! Highly recommend this place for your insurance!YoonseYoonse ★★★★★ Customer service is awesome. The entire process was made very simple.Jennifer RJennifer R ★★★★★ George was quick, straightforward with all options layed out easy to understandDavid BrowneDavid Browne ★★★★★ Very happy with the service and the professional experience!Arash AminArash Amin ★★★★★ We had great customer service from our representative. George walked us through the entire process and answered all our questions.John McGrathJohn McGrath ★★★★★ I just contracted contracted the health insurance services with GroupEnroll for my company and they were amazing! Clear, fast, excellent guidance about services and prices. Very satisfied.Gisele BrazGisele Braz ★★★★★ Had a great experience and was well serve by George Solomonov.Jason LowryJason Lowry ★★★★★ I recently just got group insurance through Alliance Income and it was a vey smooth , simple , straight forward process. I would 10/10 recommend to anyone looking for insurance plans. They went above and beyond sending multiple different plans that suited our needs. Very impressed.S.K.R maintenance LTDS.K.R maintenance LTD ★★★★★ I’m very happy with how quickly I was given options for my company and how easy it was to set up our company benefit plan.Reasonable pricing for product/service provided.Robin AllenRobin Allen ★★★★★ This company is very helpful and reasonable with there quotes.The agent I had help me pick the best packages for my company and was very knowledgeable on the offers.Highly recommend this companyDaniel Joseph RichieDaniel Joseph Richie ★★★★★ GroupEnroll helped me and my family get fantastic group benefits for my small business.Ken WatsonKen Watson ★★★★★ Very impressed with the knowledge and guidance our company received regarding new health benefit packages for our employees. So glad we chose them, I can confidently say we are in good hands.BELL ELECTRICBELL ELECTRIC ★★★★★ nicely explained and keep up the good workAliments KitchenAliments Kitchen ★★★★★ Had the best and easiest experience possible. Our Company was looking for Group Benefits and Googled this service and was impressed by GroupEnroll brief description as a viable company to quote for group insurance. They reached out to me within a day and their professionalism impressed me. They clearly understood what I was looking for, asked relavant appropriate questions and then followed up with 3 quotes. Rates were very reasonable. My experience from start to finish with this company was excellent. Highly recommend contacting them for a quote.Tim IvanyshynTim Ivanyshyn ★★★★★ this company made it easy to choose the best plan for our company, no pushing and shovingHobo Camper Country ltdHobo Camper Country ltd ★★★★★ excellent service from George Solomonov, got me all enrolled and set up very efficiently and was very helpful when it came to me fully understanding the group benefits plans !Chantal SharronChantal Sharronjs_loader