What are Group Benefits?Group benefits are insurance that covers a group of people who are usually the members of societies, employees of a common employer, or professionals in a common group.
Group coverage helps reduce premium costs because it reduces the insurance carrier's risk by creating a pool of people to insure who are together for reasons other than obtaining insurance. Group benefits can also be a powerful incentive to keep and attract great employees. Major Types of Group BenefitsGroup Health Insurance
Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees' family members) as a benefit of working for that company. A group health insurance plan is a major part of many employee benefits packages that employers provide for their employees. Group Life Insurance Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the group. Contact us to learn more about the right benefits for your group. |
(714) 776-2256
Mailing Address 1261 N. Lakeview Ave. Ste J-2008 Anaheim, CA 92807 Click Here to Email Us |