Welcome to Dimensions Incorporated

FAQ -- Group Life Insurance

What types of Life Insurance Plans are available to employers with less than 10 employees?

Life insurance plans offered to the small employer vary by carrier. For more information, contact us.

How many employees must participate in the group life insurance plan?

If the employer offers a contributory plan, based upon the employer sharing in the cost of the premium, the minimum employee participation is 75%. If the employer offers a non-contributory plan, based upon the employer covering the full cost of the premium, the carriers require 100% participation.

What types of life insurance plans do the carriers offer and how do they differ?

Carriers may offer life insurance based on the following options:

• Flat Amount (e.g., $10,000 for all employees)
• Salaried Schedule (e.g. one or two times annual salary)
• Class Schedule (e.g. Corporate Officers, Managers, All Other Employees)

For more information, contact us.

What is guarantee issue amount?

The guarantee issue is the amount of life insurance the carrier will underwrite for an employee without a Health Benefits Questionnaire (Evidence of Insurability). For more information, contact us.

What factors do the carriers use to calculate insurance premiums?

The carriers may use demographic information (location of the group), age of employees, gender and claims experience. For more information, contact us.

What are the minimum number of hours an employee must work to be eligible for life insurance benefits?

An employer may use the 30 hour standard for determining eligibility for life benefits plan; however, other hourly standards may be applied with carrier approval. For more information, contact us.

Are employers required to offer life insurance benefits to all of their employees?

No. However, the factors determining which employees will be offered coverage must be based on classes of employees (i.e., management, hourly, salary, length of service, etc).