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All About Basic Term Life |
For employers who want to provide the best for their employees, it is always a good idea to provide their employees the necessary insurance coverage. Accidents that lead to deaths and disabilities are always around the corner that you simply can’t afford to get caught off guard. We must always bear in mind that death is a fact of life and whether we like it or not, sooner or later, we will all be in that state.
Providing your employees with life insurance coverage will help them have more peace of mind. Note that when your employees feel secured, they will spend less time worrying and be more productive. What type of life insurance should you get and where? There are many insurance companies offering different types of life insurance coverage in the United States. Depending on your need, you can always find something to suit you. The basic term life insurance being offered by Blue Cross of California is one of the best policies you can find in the country today. This basic term life insurance provides many benefits that could that could give you and your employees some peace of mind.
The Basic Term Life Coverage
It is very easy to avail of the basic term life insurance being offered by Blue Cross of California. In you and your employees already have a medical coverage from this company; you can just simply add the life insurance coverage into your existing medical coverage.
Depending your needs and that of your employees, you can choose coverage from $15,000 to $250,000. This coverage would include Accidental Death and Dismemberment (AD&D) benefits. The AD&D is very important since this will give the policy holder additional protection in cases of accidents and will allow for a 50% use of the death benefit in the event where the holder is diagnosed with an illness that would only allow them to live up to 12 months. In the event where the policy holder dies is a place which more than 75 miles away from his or her home, this insurance policy provides for $5,000.00 maximum repatriate befits which could be used to transport the remains of the policy holder back to his or her home. Aside from the benefits that AD&D will give directly to the policyholder, it also provides added benefits for the beneficiaries of the policy. For the qualified dependents of the policyholder, an annual college education benefit of $3,000 is provided.
Cost Of The Policy
You don’t have to worry about cost because the price of this insurance coverage is very affordable. There are three payment options that you can choose from when getting a basic term life insurance from Blue Cross of California. Schedule A provides for a flat dollar amount for all employees. Schedule B on the other hand provides for a graduated amount of payment based on the job title of the employee. As for Schedule C, the premiums that should be paid are based on the salary of the employee. You have the option to select either 1 or 2 times the employee’s annual salary for the insurance coverage.
Learn more at: www.baahealth.com
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