Basic: employee

Basic group term life insurance, also known as employer-sponsored, is a perfect plan to provide your employees with peace of mind. You have the flexibility to provide basic coverage to employees while giving them the opportunity to purchase voluntary term life insurance.

Employee basic term life

Available coverage	Minimum	Maximum
$1,000 increments Multiples of salary rounded to the next $1,000 Class schedules: no more than 2.5 times between the classes, and 10 times between the highest and lowest class	$15,000 for groups with fewer than 100 employees $10,000 for groups with more than 100 employees	Lesser of six times annual salary or $1 million, combined with voluntary life