Solutions for the Workplace

Today, offering products that help both employers and employees deal with the rising cost of traditional benefits isn’t just good business, it’s the right thing to do. At Boston Mutual Life Insurance, we understand that we’re all in this together, and together, we can help provide a measure of financial security for the people that matter most to you.

What is Life Insurance?

Life Insurance provides protection against the economic loss caused by the death of the person insured. Simply put, life insurance provides a lump sum payment (sometimes known as a death benefit) to beneficiaries in the event of the insured’s death. The amount of premium paid for this coverage varies based on the type of life insurance, the amount of coverage, and other factors. Group Life Insurance traditionally is paid for by an employer as part of their employee’s benefit package. Voluntary Life Insurance is typically purchased based on the needs and goals of the individual wanting to insure his/her life. Life Insurance can help replace lost income due to death. This money can also help to pay funeral costs, medical expenses not covered by health insurance, and other outstanding debts.

Our Life Insurance Offerings at the Workplace

Boston Mutual Life Insurance offers flexible products for employers to offer their employees. If you would like to learn more about the products below or find out about the Boston Mutual Life Insurance benefits available to you through your workplace, contact your benefits coordinator or your company’s HR department.

For more information on Boston Mutual Life Insurance benefits available outside of our workplace offerings, or if benefits at work currently aren’t an option, click here to speak with a representative in our individual sales division.

Are you an agent looking to add Boston Mutual Life Insurance to your product portfolio? Click here to learn more about how to be appointed with us.

Employee Life Option Plus – Whole Life Insurance

Whole Life insurance, sometimes referred to as permanent or interest sensitive life insurance, is more than just life insurance at an affordable price. It combines the guaranteed premiums, coverage, and values that have always been so attractive in whole life insurance with the advantages of cash accumulation at current interest rates. Our whole life workplace insurance, Employee Life Option Plus, is an endowment at age 95 life insurance policy, which means the face value would be paid to the insured, if living, at age 95. With whole life coverage, the employee chooses the amount of insurance or the amount of premium that best suits their needs and budget. Coverage Highlights:

  • Coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck.
  • The employee does not have to apply in order to cover their spouse, children, and grandchildren
  • True Guaranteed Issue, up to certain limits, regardless of past or present health problems for actively at work employees, children and grandchildren. No minimum participation requirements.
  • If the employee has a family, whole life insurance enables them to build a cash reserve for themselves, their spouse, their children, and grandchildren for less than 1 hour’s pay per week. It’s a sound way to protect their family without exceeding their present budget.
  • If the employee is single with no dependents, the flexibility of the whole life plan allows them to expand their coverage to meet future responsibilities
  • If they are nearing retirement, obligations and responsibilities have probably come and gone in the past few years. Now they can think about their future. The whole life plan can be continued after retirement at the same premium.
  • The cash value when an insured reached age 65, which is illustrated at the time of purchase, is guaranteed as long as coverage stays in force. The actual cash value may be decreased by loans or withdrawals.
  • Coverage is effective as of the application date
  • As long as premiums are paid, the cost of their whole life policy can never go up
  • If they buy a minimum amount of coverage, they guarantee themselves the right to purchase any remaining portion of the guarantee issue limit at future approved enrollments (subject to product and payroll deduction availability)
  • Even if their employment changes, the employee can keep this coverage and pay us directly for the premiums
  • Can be offered as payroll deduction or EFT

Employee Life Option Plus is underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC20 END-95(ESO)(9/20), END-95(ESO)(9/20) and END-95(ESO)(2/21), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time. *For the Compact it is “ICC20 END-95(ESO)(9/20)”. For the Non-Compact states (California, Delaware, North Dakota), it is “END-95(ESO)(9/20)”, or if it is Florida, New York or South Dakota it is "END-95(ESO)(2/21)".
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Term Life Insurance

Term life insurance coverage is where the benefit is payable only if the insured dies during a specified period. This coverage is less costly than other types of life insurance as there is no cash value build-up.

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Group Term Life and Accidental Death & Dismemberment Insurance

Our Group Term Life and Accidental Death & Dismemberment Insurance program offers many combinations of coverage options to meet both employer and employees’ insurance needs. You can elect to purchase basic coverage for your employees, such as a multiple of salary benefit or a flat amount. You can also offer a voluntary plan where your employees choose the benefit amount they wish to purchase, often without needing to provide evidence of good health. These products may be offered together or on a stand-alone basis.

Employer Paid Coverage:

  • Employer Choice – The employer selects the plan and determines the amount of coverage for their employees
  • Accommodating Benefit Schedules – Salary Based; Length of Service; Occupation; Flat Amount
  • Competitive plan maximums and composite rates
  • Group coverage with portability and conversion options

Employee Paid Coverage:

  • Employee Choice – The employee elects the amount of coverage they need for themselves and their family
  • Guarantee Issue – Generous amounts based on group size
  • Issue Age or Attained Age pricing options
  • Competitive plan maximums

Available Features for all Coverages:

  • Dependent Coverage – Available for Spouse and Children
  • Waiver of Premium – Life insurance is continued without premium payments for employees who become totally disabled
  • Accelerated Death Benefit – Available to insured employees with a life expectancy of 12 months or less allowing them to collect a percentage of their life insurance benefit early. The remaining benefit is then payable to the beneficiary.
  • Portability – Offers insured employees and their dependents the opportunity to continue their life insurance upon leaving employment. Boston Mutual Life Insurance bills for premium directly to the former employees.
  • Conversion – Allows insured employees and their dependents to convert their term life insurance to a whole life policy without evidence of insurability within 31 days of termination from employment
  • Bereavement Counseling – Our counseling partner, Health Management Systems of America, a nationally recognized leader in the field of Mental and Behavioral Health Care services, provides 24/7 toll-free counseling services to all beneficiaries

Standard Accidental Death & Dismemberment Provisions:

  • Optional Employer elected benefit
  • 24 hour coverage
  • Education Benefit – This benefit payable in the event of an insured employees’ accidental death. This benefit provides each qualified dependent a percentage of the employee’s life insurance for up to four years.
  • Seat Belt Benefit – An additional 50% of the AD&D benefit is payable if the insured’s death is the result of an automobile accident while the insured was wearing a properly secured seat belt
  • Repatriation of Remains Benefit – payable up to $5,000 to cover expenses occurred to return the body if the insured’s accidental death occurs 100 miles outside of his/her primary residence
Group life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series BML GRTP 4/99, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time.
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Accident Insurance

Group Accident Coverage or Employee Accident Option Plus

If the unexpected occurs, protection means a lot of things, but having financial resources can be meaningful during those times. Accident insurance can pay cash benefits when the unforeseen happens. This coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck. Coverage Highlights:

  • Accident Benefits - benefits paid directly to the employee when they have a covered accident that causes a trip to the urgent care or emergency room, stitches, broken bones, hospitalization, physical therapy and much more
  • Life Insurance Benefits - the Boston Mutual Life Insurance accident plan also contains an accidental life insurance benefit for everyone covered under the plan
  • Cash benefits are paid directly to the employee
  • Guarantee Issue for eligible employees, spouse and children (under age 26)
  • Employees not have to be covered on a health plan to participate in Boston Mutual Life Insurance’s accident plan
  • No pre-existing conditions on the base plan
  • Portable - if the employee changes jobs, they can take your plan with you at the same rate
  • It does not matter if the accident claim was covered by a medical plan. The claim will always be considered by Boston Mutual Life Insurance for benefit payment.
  • The benefit cash payment will never be reduced by other insurance coverage
  • The employee could be paid on multiple benefits, per accident
  • Boston Mutual Life Insurance provides quick turn-around claims processing
  • The employee can use their accident cash benefits for anything, such as co-pays and deductibles on your health plan
  • Coverage begins at 11:59 pm on the date the enrollment form is signed
  • Can be offered as payroll deduction or EFT
 

Click here to see a few examples of sample benefit payments.

Group Accident Coverage is underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series WPS-ACC 07/15, subject to state availability. Employee Accident Option Plus policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series WS -ACC 8/08, subject to state availability. Group Accident Coverage and Employee Accident Option Plus are limited benefit policies. They do NOT provide basic hospital, basic medical, or major medical insurance. This information is not intended to be a complete description of the insurance coverage available. Product offerings may vary depending on state laws and regulations. Policies have exclusions and limitations which may affect any benefits payable. Benefits payable are subject to all terms and conditions of the Policy. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative.
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Critical Illness Insurance

Employee Critical Illness Plus – Critical Illness/Specified Disease Insurance

Protecting family can mean a lot of things, and to have financial resources can be meaningful during those times. Boston Mutual Life Insurance’s Critical Illness coverage pays a lump sum cash benefit directly to the employee upon the diagnosis of a covered condition on the plan. This coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck. Coverage Highlights:

  • Cash benefits are paid directly to the employee, whether the condition is covered by a medical plan or not
  • The insured does not have to be covered on a health plan to participate in Boston Mutual Life Insurance’s Critical Illness plan*
  • Easy claims process. We work hard to make the claims process as easy as possible
  • Flexible benefits. The employee selects the amount of insurance they need and can afford.
  • Family coverage. They can cover their spouse and children (under age 26).
  • Unlimited benefits for additional occurrence and re-occurrence provide continued coverage for future diagnoses
  • Pays 100% of the benefit amount for the diagnosis of many covered conditions such as cancer, heart attack, stroke, end stage renal disease, major organ transplant, and Amyotrophic Lateral Sclerosis (ALS), and more
  • Pays 30% of the benefit amount for coronary artery bypass and carcinoma in situ
  * In California or Massachusetts, you must have a health benefit plan in order to purchase this insurance.
Critical Illness/Specified Disease insurance policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series WS-CI 4/12, subject to state availability. Product offerings may vary depending on state laws and regulations. ECIP is a limited benefit policy. It does NOT provide basic hospital, basic medical, or major medical insurance. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. Benefits payable are subject to all terms and conditions of the Policy. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative.
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Disability Insurance

Disability Insurance, often called DI, Disability Income Insurance, or income protection, is a type of health insurance designed to compensate insured people for the income that is lost because of a disabling injury or illness. Many employers provide their employees with group disability insurance coverage. Disability Insurance may be purchased and paid for by an employer, employee or a combination of both.

Short Term Disability

Employee Disability Option Plus

This coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck. This Voluntary Disability product is priced with Issue Age rated benefits and provides flexible plan design options for income protection that will help employees cover expenses while they are disabled. Coverage Highlights:

  • Non-Occupational and 24 Hour coverage options
  • Benefit Durations of 13, 26, 52 or 104 weeks
  • Benefit Amounts in $25 increments from $100 to $1,400 per week
  • Guaranteed Issue available for qualifying groups
  • Replacement Coverage is available up to policy limits if replacing existing coverage
  • Residual Disability Benefits included
  • Waiver of Premium begins on the first of the month following the satisfaction of the Elimination Period
  • Telephonic claims with a seamless transition to Long-Term (if in place) and all eligible short-term claims are paid on a weekly basis
  • Pregnancy is covered the same as any other illness

Employee Disability Option Plus is underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series BML WS-DI 06/11, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative.
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Group Voluntary Short Term Disability

This coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck. This Voluntary Disability product is priced with Attained Age rated benefits and provides flexible plan design options for income protection that will help employees cover expenses while they are disabled. Coverage Highlights:

  • Salary Based or Incremental Benefits
  • Comprehensive Plan Maximums and Guaranteed Issue Amounts
  • Flexible Benefit Durations and Elimination Periods
  • Employer/Employee Buy-Up Options
  • W-2 Reporting Services
  • Employee Assistance Program (EAP)
Group Voluntary Short Term Disability is underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series GDP 100 and GDP 5/10, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time.
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Employee Paid Federal/Postal

Disability Income Protection Insurance with Accidental Death and Dismemberment Benefits. This coverage is made available to benefit Federal, Postal, Municipal and State employees and the premiums are typically paid through Allotments (payroll deductions). This Individual Disability product is designed to provide short-term monthly disability income protection that will help cover employee’s expenses while they are disabled due to sickness or injury. It also offers a Hospital Confinement Indemnity benefit that will pay a benefit if hospitalized due to injury or sickness, and an Accidental Death and Dismemberment benefit that will pay a benefit if death occurs as a result of an accident. Coverage Highlights:

  • 24 Hour Coverage options
  • Benefit Durations of 7 or 20 day, 10 or 30 day, and 14 or 30 day.
  • Benefit Amounts from $100 to $1,500 per month
  • Waiver of Premium for total disability for a period of 90 days after satisfying the elimination period
  • Accidental Death and Dismemberment Benefit available upon receipt of proof of death resulting from accidental injuries
  • Hospital Confinement Indemnity will pay a benefit per diem for up to 30 days if hospitalized due to a covered injury or sickness

State variations may apply to benefits and features available for this insurance product. Product may not be available in some states. Employee Paid Federal/Postal policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series DI-TP 7/05, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative.  
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Group Short Term Disability

This coverage is made available to benefit eligible employees and the premium is typically paid all or in part by the employer. This Disability product is priced with Attained Age rated benefits and provides flexible plan design options for income protection that will help employees cover expenses while they are disabled. Coverage Highlights:

  • Comprehensive Plan Maximums and Guaranteed Issue Amounts
  • Flexible Benefit Durations and Elimination Periods
  • Employer/Employee Buy-Up Options
  • W-2 Reporting Services
  • Employee Assistance Program (EAP)

Group Short Term Disability is underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series GDP 100 and GDP 5/10, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time.
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Long Term Disability

Employee Disability Option Plus

This coverage is made available to eligible employees and union members on a voluntary basis. The premium is typically deducted from the employee's paycheck. This Voluntary Disability product is priced with Issue Age rated benefits and provides flexible plan design options for income protection that will help employees cover expenses while they are disabled. Coverage Highlights:

  • Non-Occupational and 24 Hour Coverage options
  • Benefit Durations of 24, 36, or 60 months
  • Benefit Amounts in $100 increments from $300 to $6,000 per month
  • Guaranteed Issue available for qualifying groups
  • Replacement Coverage is available up to policy limits if replacing existing coverage
  • Residual Disability Benefits included
  • Waiver of Premium begins on the first of the month following the satisfaction of the Elimination Period but if both short-term and long-term plans are in place, long-term is waived earlier
  • Claims are seamlessly aligned with Short Term Disability claims and all eligible claims are paid monthly
  • Return to work incentives
  • Pregnancy is covered the same as any other illness

Employee Disability Option Plus is underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series BML WS-DI 06/11, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative.
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Get Started Today!

If you’d like to learn more about the products above or find out about the Boston Mutual Life Insurance benefits available to you through your workplace, contact your benefits coordinator or your company’s HR department.

For more information on Boston Mutual Life Insurance benefits available outside of our workplace offerings, or if benefits at work currently aren’t an option, click here to speak with a representative in our individual sales division.

Are you an agent looking to add Boston Mutual Life Insurance to your product portfolio? Click here to learn more about how to be appointed with us.

Find a Representative – Workplace