IOA Group Life Insurance
IOA believes that life insurance is an inexpensive ancillary benefit that can easily be added to your company’s benefits package. In today’s competitive marketplace where organizations are pitted against each other for that perfect candidate, it’s important to show how much such an employee will be valued.
Most group benefit plans include life insurance for the employees, as well as dependent life insurance.
Group life insurance is generally term insurance covering a group of people, usually employees of a company or members of an association and their dependents. Coverage occurs under a master policy issued to the employer or association. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size and turnover of the group, and the financial strength of the group. Group life insurance often has a provision that a member exiting the group has the right to buy individual insurance coverage.
For more information about IOA Group Life Insurance Benefits, call (800) 243-6899 or email GroupBenefits@ioausa.com.