Group Life Insurance in Metairie and Boutte, LA

Group life insurance can be a valuable employee benefit that may enhance workplace morale and provide financial protection for staff and their families. Whether you’re a large corporation or a small business, offering life insurance as part of your benefits package can be a strategic way to attract and retain talent.

What Is Group Life Insurance and How Does It Work?

 

Group life insurance is a type of policy that can cover a number of people, typically employees of a company. The employer is the policyholder, and employees can receive coverage as part of their employment. Most group life policies are term life insurance, meaning they provide coverage for a specific period, usually while the employee remains with the company.

Premiums are often lower than those of individual life insurance policies because the risk is spread across the group. Basic coverage is usually provided at no cost to the employee, with the option to purchase additional coverage. If an insured employee passes away, their designated beneficiary receives a death benefit, helping to ease financial burdens during a difficult time.

Can Small Businesses Offer Group Life Insurance?

 

Group life insurance isn’t just for large corporations. Many insurers offer plans tailored to small businesses, sometimes requiring as few as two employees to qualify. Offering life insurance can help small businesses compete in the labor market with larger firms by providing meaningful benefits that show employees they’re valued.

How Do I Select Coverage in Metairie, LA?

Choosing the right plan starts with understanding your workforce’s needs and your budget. Consider factors like:

• Coverage amount—What level of financial protection will be meaningful for your employees?

• Voluntary vs. employer-paid—Will you cover the premiums or offer optional buy-up plans?

• Provider reputation—Look for insurers with strong financial ratings and responsive customer service.

We’re Here to Help

At Dave Millet Insurance Agency, we can help your business understand and offer appropriate group life insurance. Contact us today to get started.