Group Voluntary Whole Life
Group Voluntary Whole Life
Imagine producing 10, 20, 50 or 100 life applications in a week. Sound impossible?
Your mission: Offer the owner or Human Resources director of a company or organization the opportunity to offer an AMAZING benefit to their employees… at no cost to the company! Sell one company, and enroll 10, 20, 50, 100 or more employees!
Group Voluntary Whole Life Insurance is offered to employees of a company or organization. Employees can purchase up to $100,000 of permanent coverage – guaranteed issue! They cannot be rated or declined.
The policy is paid for by the employee through payroll deductions, but it is portable, so the employee can take it with them if they retire or change jobs. It provides living benefits in the event of a chronic or terminal illness, and also provides a cash value component that can be used for retirement planning or other financial needs.
Benefits of Group Voluntary Whole Life Insurance
Group Voluntary Whole Life Insurance is a type of life insurance policy that provides coverage for an individual’s entire life. It is a type of permanent life insurance, meaning that it does not expire and the policyholder is covered for life. Group Voluntary Whole Life Insurance is typically offered through an employer and is paid for by the employee. This type of insurance provides a number of benefits to both the employer and the employee.
For employers, Group Voluntary Whole Life Insurance provides a way to attract and retain quality employees. By offering this type of insurance, employers can demonstrate their commitment to their employees’ well-being and financial security. This type of insurance also helps employers to reduce their costs associated with providing health insurance and other benefits.
For employees, Group Voluntary Whole Life Insurance provides a number of benefits. It provides financial security for the employee’s family in the event of their death. It also provides a death benefit that can be used to pay for funeral expenses and other costs associated with the death of the policyholder. Additionally, the policyholder can use the cash value of the policy to supplement their retirement income.
Group Voluntary Whole Life Insurance also provides tax advantages for both the employer and the employee. The premiums paid by the employee are typically tax-deductible, and the death benefit is generally tax-free. This can help to reduce the overall cost of the policy.
Overall, Group Voluntary Whole Life Insurance provides a number of benefits to both employers and employees. It provides financial security for the employee’s family in the event of their death, and it can be used to supplement retirement income. Additionally, it provides tax advantages for both the employer and the employee. For these reasons, Group Voluntary Whole Life Insurance is an attractive option for employers and employees alike.
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