Life Insurance Benefits

Life insurance is one of the most common employer-provided benefits. It is especially popular with employees who have dependents and with older employees who may have difficulty getting reasonably priced life insurance elsewhere.

Did You Know?

According to a government survey of small businesses (those with fewer than 100 employees), 62 percent of employees participated in life insurance plans provided by their employers. (The Bureau of Labor Statistics (BLS) does a periodic survey of small businesses (those with fewer than 100 employees) and reports the results in a bulletin entitled Employee Benefits in Small Private Establishments).

The issues that you would face if you were thinking of offering life insurance are much like those facing employers contemplating health insurance :

Our discussion here focuses on life insurance as an employee benefit; for life insurance on yourself or other owners or key managers, see our discussion of life insurance in the context of personal financial planning.