Group life insurance
Can your loved ones afford to lose your income?
You work hard to protect the people you care about, but some hardships can’t be predicted.
With group life insurance, you can help ensure your loved ones have the financial protection they need if you pass away. And by enrolling in this valuable insurance at work, you can take advantage of typically lower costs and a simplified process.
How does it work?
You can purchase group life insurance when you join your company or during your annual open enrollment. You’ll select the amount of coverage you want and name the beneficiaries of your policy.
If you die while your policy is in effect, your beneficiaries will receive a lump-sum payment of your coverage amount.
Why do I need it?
If you suddenly pass away, the loss of your income can make a difficult situation for those you leave behind even worse.
Life insurance can help ensure they can continue to make student loan, car or mortgage payments, save for college or invest in their financial futures.
Why buy life insurance at work?
Group life insurance is a convenient and cost-effective way to protect your loved ones. Whether it’s your main source of life insurance or a supplement to your individual life insurance, group life insurance offers several advantages.
Simple enrollment
Our streamlined application process makes it easy to start coverage.
No medical questionnaires
No medical questionnaires are required (up to the maximum guaranteed issue amount) if you enroll during your initial eligibility period.
Lower costs
Group life insurance generally costs less than individually purchased insurance. And premiums can be paid through convenient payroll deduction.
Flexible coverage amounts
You can select the right amount of coverage to meet your family’s needs.
Next steps
To learn more about group life insurance offered by Symetra, contact your benefits representative.
Group life insurance policies are insured by Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004, and are not available in any U.S. territory. Our New York subsidiary insures products for New York policyholders.