Voluntary Life Insurance

What is Life Insurance?

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Life Insurance helps protect the financial futures of those who depend on an employee’s paycheck. Group Life insurance helps pay a beneficiary (a person an employee chooses) a lump sum amount upon an employee’s death.
 
Life insurance amounts can range from a flat dollar amount to multiples of an employee’s salary (e.g., 3x the salary). The Hartford's Life insurance also provides other services to an employee and their family, like will preparation, funeral planning, travel assistance and more.
 

Why Employees Need Life Insurance

  • 80 percent of consumers believe most people need life insurance1
  • 50% of US Households feel that they need more life insurance and that they would feel the financial impact of losing their primary wage earner in a year or less.2
  • Life insurance policies can help heirs take care of burial and other funeral expenses, replace lost income, and pay off the mortgage.2
  • Nearly 7 in 10 U.S. workers – across all generations – believe having a life insurance benefit available to them at work is important and the importance workers place on life benefits has increased by more than 20% over the past five years.2

What Life Insurance Covers

Our term life insurance offers more than just death benefits. The following are also available:
 
  • Living Benefit Option (Accelerated Death Benefit)
  • Accidental Death & Dismemberment (AD&D) Rider
  • Disability Waiver of Premium
  • Portability
  • Conversion
     

Flexible Life Insurance for Businesses

We can help employers choose the life insurance plan that best suits their employees’ needs:
 
  • Employee coverage (face) amounts of $25K to $250K in increments of $25K, with no salary multiplier*
  • Spouse coverage amount up to 100% of the employee amount
  • Child coverage amount up to $15K – Standard is $10K
  • Annual buy-up option without Evidence of Insurability (EOI)
  • Guaranteed issue amounts based on group size
     

What Employees Get

The Hartford goes beyond the benefit with built-in value-added services to support an employee's recovery – at no extra cost to the company or the employee.
 
  • Funeral Planning and Concierge Services3 a suite of online tools to guide employees through key decisions before a loss, including help comparing funeral-related costs. After a loss, this service includes family advocacy and professional negotiation of funeral prices.
  • Beneficiary Counseling Services4 offer compassionate expertise to help employees or beneficiaries cope with emotional, financial and legal issues that arise after a loss.
  • EstateGuidance4 Will Services help protect a family’s future by creating a will online – backed by online support from licensed attorneys.5
  • Travel Assistance & ID Theft Protection and Assistance Services6 include pre-trip information that helps employees feel safe and secure while traveling. Also available is access to medical professionals across the globe for medical assistance when traveling 100+ miles away from home for 90 days or less when unexpected detours arise. Another important service is ID theft protection, available 24/7 whether home or away. Protection is provided two ways: educational materials to help prevent identity theft, and access to caseworkers who can help resolve problems that result from identity theft.
     

How to Get Life Insurance

The Hartford makes it easy for brokers and employers to find the right coverage. Connect with a representative from The Hartford today.
 
 
The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries including issuing companies Hartford Life Insurance Company and Hartford Life and Accident Insurance Company. Home office is Hartford, CT.
 
* More plan design options available.
 
LIMRA, Life Insurance Consumer Studies Fact Sheet, 2014.
 
LIMRA, Facts of Life: Life Insurance Available through the Workplace, September 2015 http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/_Media/PDFs/2015-LIAM-fact-sheet_Group.pdf View Date: January 21, 2016
 
Funeral Planning and Concierge Services are offered through Everest Funeral Package, LLC (Everest). Everest is not affiliated with The Hartford and is not a provider of insurance services. Everest and its affiliates have no affiliation with Everest ReGroup, Ltd., Everest Reinsurance Company or any of their affiliates. The Hartford is not responsible and assumes no liability for the services provided by Everest Funeral Package, LLC as described in these materials.
 
Beneficiary Assist® and EstateGuidance are offered through The Hartford by ComPsych®. ComPsych is not affiliated with The Hartford and is not a provider of insurance services. The Hartford is not responsible and assumes no liability for the goods and services provided by ComPsych and reserves the right to discontinue any of these services at any time. EstateGuidance and ComPsych are registered trademarks of ComPsych Corporation.
 
A simple will does not cover credit shelter trust, printing or certain other features. These features are available at an additional cost to you.
 
Travel Assistance and Identity Theft services are provided by Europ Assistance USA. Europ Assistance USA is not affiliated with The Hartford and is not a provider of insurance services.  Europ Assistance USA may modify or terminate all or any part of the service at any time without prior notice. None of the benefits provided to you by Europ Assistance USA as a part of the Travel Assistance and Identity Theft service are insurance. This brochure, the Travel Assistance and Identity Theft service Terms and Conditions of Use, and the Identity Theft Resolution Kit constitute your benefit materials and contain the terms, conditions, and limitations relating to your benefits. These services may not be used for business or commercial purposes or by any person other than the individual insured under The Hartford's group insurance policy.  The Hartford is not responsible and assumes no liability for the goods and services described in these materials.
 
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Why Voluntary Life Insurance?

Learn more about how our Voluntary Life Insurance can benefit you and your employees.