Torian Insurance is here to help. We provide group life insurance for businesses of all sizes. We’ll work with you to find the right plan for your company and your employees, and we’ll make the process easy and hassle-free.
We understand that your employees are the backbone of your organization. Our Group Life Insurance plans provide financial security and peace of mind, ensuring that your team and their families are supported in times of need.
Group life insurance offers comprehensive coverage for various life events, leveraging collective bargaining to deliver cost-effective solutions that are often more affordable than individual policies. With a simplified underwriting and enrollment process, your employees can gain coverage quickly and efficiently.
We provide flexible plan options tailored to your organization’s unique needs. These plans might include added resources like grief counseling, legal services, and financial planning.
By choosing Group Life Insurance from Torian Insurance, you are investing in the future of your organization and protecting your most valuable asset—your team.
Insurance can be complex, but our expertise is here to guide you. With a century of industry experience, we're ready to address all your insurance needs.
Based on your specific needs and business risks, Torian will help customize your life insurance policy.
Promote overall employee wellbeing with group life insurance while creating an attractive workplace.
You can rest easy with Torian. As independent Insurance agents, we work for YOU, not the insurance companies! Our expert staff has your best interest at heart which means providing the best coverage.
Group life insurance is a type of life insurance policy that covers a group of people, typically employees of a company or members of an organization. It provides financial protection for the group’s dependents in the event of the policyholder’s death.
The primary benefit is that it provides financial security to your beneficiaries in the event of your death. This can include coverage amounts sufficient to cover funeral expenses, outstanding debts, and provide ongoing support to dependents.
Eligibility usually includes full-time employees, and sometimes part-time employees, of the organization providing the insurance. Some plans also offer coverage options for spouses and dependents, though this may depend on the specific policy.
The basic coverage amount varies by employer and policy but is often a multiple of your annual salary (e.g., one or two times your salary). Many plans offer the option to purchase supplemental coverage at additional cost.
Accidental Death and Dismemberment (AD&D) Insurance provides additional benefits if you die or suffer certain types of injuries (like loss of limbs or eyesight) due to an accident. It is sometimes included as part of the group life insurance plan or offered as an add-on.
Generally, premiums for group life insurance are a deductible business expense for the employer. For employees, premiums are not taxable for coverage amounts up to $50,000. Coverage above $50,000 may be considered taxable income.
Employees who leave may have the option to convert their group life insurance policy to an individual one. This benefit reassures employees, knowing they can maintain coverage if they transition to another job or retire.
Glen Stover is my go to person when it comes to business insurance. He is so knowledgeable and makes sure that his clients are taken care of. I have sent many people his way.
Torian has provided us a strong team of individuals with solid industry knowledge to handle our insurance needs efficiently and effectively.
3000 E Division St. Evansville, IN 47711 | Phone: (812) 424-5503 | Contact Us
3000 E Division St.
Evansville, IN 47711
Phone: (812) 424-5503
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