Group Universal Life Insurance
This coverage is purchased by an employer on a Guaranteed Issue basis.
This program allows the employee to obtain low-cost coverage as well as
the ability to port the policy (take the coverage with them when they
leave the company or retire). Group Universal Life also allows the employee
the opportunity to deposit additional monies into the program, which grows
on a tax-deferred basis.
Individual Universal Life Insurance
This program features an individual life insurance policy written on a
Guaranteed Issue basis. Typically, the employer pays the cost of the
insurance (term cost) and the employee has the opportunity to deposit
additional monies into the program, which grows on a tax-deferred basis.
Level Term-Life Insurance
This program is the most flexible of the corporate multi-life programs.
Level term life insurance features an individual policy written on a
Guaranteed to Issue basis, which means limited underwriting will be
required; however, no one can be turned down for coverage. This product
tends to be inexpensive, fully portable and convertible. (Policies may be
converted to a permanent policy, in the future, without medical underwriting).
TWG can place multi-life individual level term-life
insurance on a guarantees-to-issue basis.
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