• PO Box 29006, Richmond, Virginia 23242
  • [email protected]
  • (804) 837-2327
Start the Conversation
logotype
  • Our Team
  • Individuals & Families
    • Financial Planning
    • Life & Disability
    • Long-Term Care
    • Health Insurance
    • Auto & Home Insurance
    • Special Needs Strategies
    • Individual & Corporate Tax & Bookkeeping
  • Businesses
    • Strategic Planning
    • Group Health Benefits
    • Business Insurance
    • Voluntary Benefits
      • Vision
      • Dental
      • Short Term Disability
      • Long Term Disability
      • Group Life
  • Community
  • Careers
  • Contact
logotype
  • Our Team
  • Individuals & Families
    • Financial Planning
    • Life & Disability
    • Long-Term Care
    • Health Insurance
    • Auto & Home Insurance
    • Special Needs Strategies
    • Individual & Corporate Tax & Bookkeeping
  • Businesses
    • Strategic Planning
    • Group Health Benefits
    • Business Insurance
    • Voluntary Benefits
      • Vision
      • Dental
      • Short Term Disability
      • Long Term Disability
      • Group Life
  • Community
  • Careers
  • Contact
  • Our Team
  • Individuals & Families
    • Financial Planning
    • Life & Disability
    • Long-Term Care
    • Health Insurance
    • Auto & Home Insurance
    • Special Needs Strategies
    • Individual & Corporate Tax & Bookkeeping
  • Businesses
    • Strategic Planning
    • Group Health Benefits
    • Business Insurance
    • Voluntary Benefits
      • Vision
      • Dental
      • Short Term Disability
      • Long Term Disability
      • Group Life
  • Community
  • Careers
  • Contact
logotype
logotype
  • Our Team
  • Individuals & Families
    • Financial Planning
    • Life & Disability
    • Long-Term Care
    • Health Insurance
    • Auto & Home Insurance
    • Special Needs Strategies
    • Individual & Corporate Tax & Bookkeeping
  • Businesses
    • Strategic Planning
    • Group Health Benefits
    • Business Insurance
    • Voluntary Benefits
      • Vision
      • Dental
      • Short Term Disability
      • Long Term Disability
      • Group Life
  • Community
  • Careers
  • Contact

Group Life

Provide Family Protection For Your Employees

Group life insurance provides your employees’ families or beneficiaries with financial coverage in the event of their death while insured by the policy. Many plans have a relatively low coverage amount and are usually offered in tandem with other benefits like short-term and long-term disability. Those included in a group life policy typically won’t need to submit proof of their health or undergo a medical examination.

Benefits of Group Life Plans

Cost

By purchasing a plan on a wholesale basis, you'll gain access to much lower premiums than if your employees were to purchase a plan individually.

Financial Protection

Plans can be a good source of financial protection for your employees and alleviate potential financial burdens for their beneficiaries.

Compliance

Some states may require you to provide your employees with some form of group life insurance, depending on your industry and where your business resides.

Term Life vs. Whole Life Insurance

There are typically two types of group life insurance—term life and whole life. Term life insurance is renewable each year, typically during an open-enrollment period. While whole life insurance policies provide coverage no matter when you pass. These plans are typically more expensive but offer more financial protection for the plan’s beneficiaries. 

“Carrie has handled our company’s health insurance for the last several years. She proactively searches for new plans and companies each year, reviews our options with us and makes sure we are where we need to be. Our employees appreciate her willingness to meet and go over plans and options as well. We couldn’t be happier with how our coverage is handled.”
Anne S.

Contact Us

"*" indicates required fields

Your Name*
This field is for validation purposes and should be left unchanged.

Voluntary Benefits

Vision

Dental

Short Term Disability

Long Term Disability

Group Life

logotype
General Business
Benefits
View All
logotype

Commonwealth Financial Partners is an insurance brokerage that specializes in coverage for individuals, families, and businesses. Whether you’re looking for financial or strategic planning, voluntary benefits for your employees, or health, home and auto insurance options, Commonwealth Financial Partners is here to help!

Individuals & Families

Financial Planning

Life & Disability

Long-Term Care

Health Insurance

Auto & Home Insurance

Businesses

Strategic Planning

Group Health Benefits

Business Insurance

Voluntary Benefits

Contact Us

Address: PO Box 29006, Richmond, Virginia 23242

Contact:

(804) 837-2327 [email protected]

Copyright © 2024 Commonwealth Financial Partners LLC | Privacy Policy | Site Built By FreshMove Media