ABC's Group Life Plans let you design a plan that is best for your situation. Choose the level of coverage you want to offer your employees from among three programs.
- Flat Schedule - Coverage from $10,000 to $50,000.
- Earnings Schedule - Benefits based on annual income.
- Class Schedule - Benefits determined by employee class.
Group Life Insurance | Flat Schedule | Earnings Schedule | Class Schedule |
| Plan Design | Flat Amount is the same for all employees. Benefits selected in increments of $5,000 | Amount based on employee earnings (rounded to the next higher $1,000) | Flat amount as determined by employee class. Benefit levels available in increments of $5,000 |
| Life/AD&D Benefit | All Employees $10,000 to $50,000 | All Employees 1 times base annual earnings to $50,000
or
1 times base annual earnings to $100,000
or
2 times base annual earnings to $100,000 | General Employees $10,000 to $25,000
Supervisors
$10,000 to $50,000 Executives or Owners $10,000 to $100,000 |
ABC's Extra Life Plans help employees supplement their life insurance needs. You can make one, two or all three plans available to your employees:
- Supplemental Life - Gives employees an opportunity to purchase additional life insurance protection at reduced group rates.
- Dependent Life - An employer paid benefit for all employees with dependents.
- Special AD&D - An employer paid plan that provides up to $250,000 of 24 hour accidental death and dismemberment coverage.
| Supplemental Life | Dependent Life | Special AD&D |
| Plan Design | Fixed amount as determined by employee class. Benefit levels available in increments of $5,000 | Fixed amount as determined by relationship to employee. (Children over 6 months old are covered | Fixed amount as determined by employee class. |
| Benefit Amount | General Employees $10,000 to $25,000
Supervisors
$10,000 to $50,000 Executives or Owners $10,000 to $100,000 | Spouse / Child $5,000 / $2,500
or
$10,000 / $5,000 | Hourly Employees $25,000
Salaried Employees
$50,000 Officer or Owner $100,000 or $250,000 |