Group Life and Disability
Group life and disability coverage is an affordable way to help employees feel covered. We offer the following products:
- Term Life — Term life insurance with various coverage options, such as:
- The same flat amount of coverage for all employees,
- Coverage based on a multiple of employees’ salaries, or
- Different levels of coverage depending on employees’ classification
- Accidental Death and Dismemberment (AD&D) — Provides lump sum cash benefit for a death or dismemberment due to accident only, on or off the job.
- Dependent Life — Term life insurance at low group rates for spouses and dependent children of employees.
- Short-Term Disability — Pays benefits for employees when their income is temporarily interrupted by an accident or sickness.
- Long-Term Disability — Provides income protection for employees, as well as support and assistance to help impacted employees return to work.
These products can also be purchased on a voluntary basis, which means the employee pays the full cost of the premiums.
Questions on this specific product can be directed to your Wellmark Health Representative.