Bryant Asset Protection
For over 60 years, Bryant Asset Protection has served the Capital District representing A-rated insurance companies for Home, Car, Life, Commercial and other insurances. Bryant Asset Protection also offers access to financial services and products through the professionals of Bryant Asset Management.
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  •   1280 New Scotland Road,
         Slingerlands NY 12159
  •   (518) 439-1141
  •   1-800-439-6051
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Group Life Insurance

One the most common benefits provided by employers to their employees is the availability of group life insurance. Traditional group life plans provide term insurance- generally as a percentage of an employee's annual income.


Common plans are 100%, 150% and 200% of employees’ annual income as the benefit, although plans can also be provided so that an employee can select a set level amount of coverage in $50,000 increments.

One significant benefit of group life insurance is the limited if not nonexistent underwriting for health of an employee.  Most plans provide for a guaranteed minimum level of coverage in which there is no underwriting of an individual's health.  

In this way an employee who may have some significant health conditions can purchase group life insurance in which they would have no availability in the general marketplace to purchase an individual plan.  When underwriting is involved for purchases of larger amounts of coverage generally speaking that medical underwriting is relatively liberal and limited compared to an employee's application in the marketplace for individual coverage.
 
Bryant Asset Protection represents 10 carriers who provide group life coverages.  Due to the variation among these carriers as to cost and coverage, we recommend consultation with our life coverage specialists to assist you in assessing your options.

Contact us for a consultation today.