Boston Mutual Life Insurance offers flexible workplace life insurance 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.
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.
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.
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.
If you would like to learn more about these products 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 life insurance sales division:
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