Products: Life Insurance

Group life insurance provides protection and financial security to your employees. Whether you choose to provide life insurance coverage for your employees, offer it as a voluntary benefit, or a combination of the two, your employees will value this benefit.

Hanratty & Associates can assist you in finding the best group life insurance to provide to employees. Our consultants will share their knowledge of how life insurance works and help you include it in your plan design.

Life insurance coverage is usually provided either as a flat amount of coverage or a benefit based on annual salary. Coverage paid by you is income tax free to employees and provides for the long-term needs of an employee's survivors.

By offering life insurance as a voluntary benefit, your employees choose the amount of insurance to meet their personal and financial circumstances. This benefit is paid by the employee.

Variables to consider with life insurance include the duration of coverage, frequency and stability of payment, payout method, and amount of coverage. At Hanratty & Associates we will inform and guide you in determining the best life insurance coverage for your employees.

Though life insurance is not always a pleasant topic, your employees will appreciate your desire to ensure that their family can maintain the same lifestyle they enjoyed when he or she had been alive.

Contact us to learn more about life insurance options!