Dependent Group Life Insurance
Dependent life insurance is available to the spouse and dependent children of an employee, Dependent Life plans provide coverage in flat amounts only. Coverage for the spouse is generally higher than that available for children. Coverage for children generally becomes effective either from birth or 14 days after birth and continues until the child is 21 years of age (25 years if in full-time attendance at school or university).
Employers may share in paying the premium, or opt to have employees pay the entire premium. The benefit is payable to the covered plan member upon the death of the dependent.
The most common amounts of Dependent Life coverage are $5,000 for a spouse and $2,500 per dependent child or $10,000 for a spouse and $5,000 per dependent child. However, coverage for higher amounts is often available.
- Low cost competitive term life insurance protects your family before you have accumulated an estate.
- Low cost term-to-100 life insurance preserves your estate.
- You work hard to build your estate - why give it to the TAXMAN?
Pick up the phone today and call 1-877-TEN-STAR to get started!
1-877-836-7827