Worksite Life Insurance Overview
Why offer voluntary Worksite Life?
In today’s competitive workplace, good benefits increase employee satisfaction and retention. Employees want choices, employers want to control costs. Voluntary Worksite Life is a way to increase employee choice without increasing employer cost.
Additional benefits for your groups include:
- Expansion of existing benefits at no direct cost
- Employee contribution of 100%
- Ability to manage increasing costs of benefits
- Easy installation and administration
- Greater employee satisfaction
- Ability to attract and retain quality employees
- Supplement to existing insurance coverage
Program Features
Worksite Life enrollment process is simple and the plan is easy to administer:
- Only a minimum of five employees need to participate to put the program in place
- Groups with 5 eligible employees or more can qualify for guaranteed issue, which means your employees can't be turned down for insurance for any reason
- Eligible employees are actively at work and must work at least 25 hours per week
- No required employee participation
- Low-key employee meetings and no pressure enrollments at your groups facility
- Our monthly bills accomodate various payroll schedules
Competitive Products
| Whole Life |
20-year Level Term |
| Universal Life |
20-year Level Term ROP |
| Disability Income |
|
The Guarantee Amounts listed below are exclusive to PIPAC LIFE agents.
|
GROUP SIZE 5 TO 49:
|
|
|
|
20 Year Level Term:
|
$50,000
|
Ages 18 – 40
|
|
|
$25,000
|
Ages 40 - 60
|
|
20 Year Level Term ROP:
|
$50,000
|
Ages 18 – 40 (non-smoker & Cigarette smoker)
|
|
|
$25,000
|
Ages 41 - 48 (non-smoker)
|
|
Whole Life Insurance Plan:
|
$50,000
|
Ages 18 – 40
|
|
|
$35,000
|
Ages 40 - 50
|
|
|
$25,000
|
Ages 51 - 60
|
|
|
$20,000
|
Ages 61 - 65
|
|
|
$10,000
|
Ages 66 - 70
|
|
GROUP SIZE 50 TO 99:
|
|
|
|
20 Year Level Term:
|
$75,000
|
Ages 18 – 60
|
|
20 Year Level Term ROP:
|
$75,000
|
Ages 18 – 48 (non-smoker)
|
|
$75,000
|
Ages 18 – 41 (Cigarette smoker)
|
|
Whole Life Insurance Plan:
|
$50,000
|
Ages 18 – 40
|
|
|
$35,000
|
Ages 41 - 50
|
|
|
$25,000
|
Ages 51 - 60
|
|
|
$20,000
|
Ages 61 - 65
|
|
|
$10,000
|
Ages 66 - 70
|
|
GROUP SIZE OF 100+:
|
|
|
|
20 Year Level Term:
|
$100,000
|
Ages 18 – 60
|
|
20 Year Level Term ROP:
|
$100,000
|
Ages 18 – 48 (non-smoker)
|
|
|
$100,000
|
Ages 18 – 41 (Cigarette smoker)
|
|
Whole Life Insurance Plan:
|
$50,000
|
Ages 18 – 40
|
|
|
$35,000
|
Ages 41 - 50
|
|
|
$25,000
|
Ages 51 - 60
|
|
|
$20,000
|
Ages 61 - 65
|
|
|
$10,000
|
Ages 66 - 70
|
Call for more information on Worksite Life at 866.452.3670 or email sales@pipac.com.
