Employee Group Life and AD&D Coverage

Group life benefits offer crucial life insurance protection with executive carve-outs for high earners within an organization

Did you know six out of 10 organizations offer Group Life Insurance and Accidental Death & Disability (AD&D) coverage as part of company benefits?

Of the companies who offer group term life insurance and AD&D benefits, the take-up rate is 98%. Life insurance coverage is an easy upsell for your clients, since most employees opt in. Premiums can be paid by the worker, the employer, or on a cost-shared basis.

If you aren’t helping your clients close risk gaps with a comprehensive ancillary benefits package, you’re missing opportunities.

With flexible, affordable group life / AD&D plans, The DBL Center helps brokers:

  • Build trust
  • Grow your book-of-business
  • Enhance your commissions year-round

Help Bridge Generational Gaps in Life Insurance Coverage

While national figures from the Bureau of Labor Statistics show that roughly 60% of employers offer a group life plan, private studies paint a different picture, with dramatic disparities between generations.

Roughly half (51%) of Americans polled by Western & Southern Financial Group own life insurance. But that number drops to 36% for Generation Z adults. It jumps to 57% for Baby Boomers. Half of millennials and 55% of Gen X carry life insurance.

Premiums increase as workers age, so locking in low rates early in their careers benefits Gen Z workers. Life insurance may not be on the minds of single workers without families, but it’s worth thinking about. Even if 20-somethings aren’t ready to invest in an individual life insurance plan, group coverage can help cover funeral and burial costs if a worst-case scenario occurs.

The DBL Center leverages our relationships with best-in-class carriers to provide affordable policies that benefit workers at all stages of life.

All we need to provide your fast, free quote is an employee census for your client.

Group Life Insurance: Affordable Financial Protection for Your Clients, Money In Your Pocket

Group life insurance is an inexpensive way for employees to purchase coverage for themselves and their dependents. It makes an employee benefit package more attractive to employees from every generation.

Additionally, employee benefits are a key driver to boost company morale, improve retention rates, and help recruit top-tier talent in highly competitive fields. Your clients need – and want – this coverage.

As an insurance agent, Group Life / AD&D coverage is one of the most affordable insurance plans you’ll ever sell.

Executive Carve-Outs Enhance Life Insurance Offerings for High Performance Leadership

Group life policies are typically not portable – they expire if the employee leaves or retires. But executive employee (EE) carve-outs add another level of protection for your high performance leders.

EE carve-out policies can be fully funded by the employer as a perk for in-demand executives. They may also generate tax incentives for the employer. Universal or whole-life carve-outs are typically portable and accumulate cash value, making them an important part of retirement planning.

EE carve-outs are an easy sell since they protect the interests of the business owner and c-suite executives who keep a company running.

Let The DBL Center Help

Take advantage of our multi-line discounts and let us underwrite your state-mandated disability insurance coverage, paid family and medical leave, along with Group Life / AD&D and other ancillary benefits.

Tiered Plan

Class Position BAE Max Benefit Flat Benefit
Class I Executives 2 x BAE Max of $300,000 $300,000
Class II Management 2 x BAE $50,000 $50,000
Class III All Employees N/A N/A $20,000

The above is just an example. The amount of coverage provided is up to you and your customers, based on the plans you choose. As an alternative, your customers may choose voluntary employee benefits where the employee pays 100 percent of the premium for life insurance.

Best-in-Class Carriers

Choose from our choice selection of A++ to A-rated insurance carriers to get the lowest rates, best-in-class service, and top employee benefit plans. Best of all, you enjoy the white-glove service of The DBL Center Ltd.

We help you compare options, select the best insurance products for your customers, write the plan, and manage and maintain the accounts. You cash your commission checks directly from the insurance carrier, and have the time and freedom to expand your book-of-business with new clients and new products. And your clients will save even more when you take advantage of our multi-line discounts.

Earn More Commission

Are you ready to earn more commission with Group Life / AD&D coverage?

Contact us and we will put together a competitive comparison letter for you, including Group Life Insurance plans tailored exclusively to your clients’ needs.

Group Life and AD&D FAQs

Group life insurance pays a death benefit to an employee’s beneficiary if the employee passes away. AD&D coverage, often written as a rider to a group life policy, pays an additional benefit if death or serious injury, such as loss of a limb, sight, or hearing, results from the covered accident. 

Group Life covers most causes of death, while AD&D is limited to accidents only. It may also provide partial benefits for specific injuries, such as loss of a hand or vision, that occured due to an accident.

 

AD&D is often layered on top of life insurance as a cost-effective way to enhance overall protection.

Unlike statutory disability benefits in select states or paid family and medical leave now mandated in more than a dozen states, group life and AD&D coverage is a voluntary benefit. Insurance brokers who work with The DBL Center can help clients privatize required benefits and roll the cost savings into group life / AD&D and other ancillary benefits.  

Group Life and AD&D are often easy to implement, relatively low-cost, and highly valued by employees. The Department of Labor Bureau of Statistics reports a 98% opt-in rate for voluntary group life coverage, which shows employees want to take advantage of this affordable benefit. 

When you help your clients write group life and AD&D coverage through The DBL Center, we shop the policy to our best-in-class carriers to secure the lowest premium rates and best coverage available. We take care of the paperwork and manage the policy, leaving you free to build client relationships and sell more insurance. Plus, brokers who work with The DBL Center gain access to our exclusive Broker Dashboard: Net Revenue Tracker. 

Why Work With The DBL Center?

Let us be your Disability, Benefits, and Leave experts

The D.B.L. Center LTD.
Niche Insurance Specialist
Industry experience since 1976
155 Pinelawn Road
Suite 120S
Melville, NY 11747

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