Build a financial protection plan with group term life insurance
Protecting our families and providing support for the people who depend on us may be one of the most important accomplishments of our lives. But funeral expenses, medical bills, taxes and debts can quickly create a financial burden when a family provider is permanently disabled or passes away unexpectedly.
Group term life insurance
Nationwide Employee Benefits® group term life insurance plans can provide peace of mind for family members after the loss of a loved one. Dependents will have the financial support they need to help cover final expenses, support daily financial obligations or assist with a child's education.
Our plans even have additional benefits for beneficiaries. And they may include an option to purchase protection for family members, including domestic partners. Other plan feature options include:
Accidental death & dismemberment (AD&D) coverage
Dependent life coverage
Domestic partner coverage (subject to state mandates)
Accelerated death benefit
Waived premiums for employees facing total disability
The accelerated death benefit may allow your insured employee to receive a portion of their life insurance benefit if they're faced with a life-threatening illness. And in the event of a sudden loss, the AD&D coverage provides additional benefits to beneficiaries if your insured employee suffers an accidental death. Or additional payment if they suffer a qualified loss as a result of accidental injury.
Term life plan provisions
Term life plans come with terms, conditions and options.
Group term life with AD&D
Basic and Voluntary plans available1
Minimum/Maximum life benefit options
Basic Life - (2 - 9 employees) $10,000-150,000, up to $500,000 (10+ employees)
Voluntary Life - $10,000 - $750,000
Waiver of premium
Employee Assistance Program
Confidential work and personal support services available online and over the phone. Face-to-face counseling may be available if a qualifying event occurs.
When you’re traveling 100+ miles from home, emergency medical assistance and travel services are available 24 hours a day.
Equal to the benefit amount of the life policy
Additional AD&D benefits
Seatbelt, airbag, repatriation and child education
Coma and common carrier for 10+ eligible groups
Accelerated death benefit
Up to 50% of benefit amount, to a maximum of $75,000, for 2 - 9 eligible groups
Up to 75% of benefit amount, to a maximum of $250,000, for 10+ eligible groups
Voluntary: (10+ employees) Minimum: Spouse: $5,000 / Children: $1,000
Maximum: Spouse: $250,000 / Children: $15,000
For all case sizes, spouse amount may not exceed 50% of employee amount.
As an employer, you'll also enjoy the flexibility our term life insurance plans offer. For instance, you could fund 100% of the plan. Or you could share the cost of the plan with your employees as a way of offering a valuable benefit while watching your budget. Choose what's right for your organization and employees from a variety of plan designs, including:
A fully employer-funded plan (must include all eligible employees2)
A partially employer-funded plan (must include 75% of eligible employees2)
A voluntary plan that is fully paid by the employee (must include the greater of 10 eligible employees or 25% of those eligible to enroll)
Employee Assistance Program (EAP)
A strong Employee Assistance Program promotes better employee productivity and well-being. Included with our group term life with AD&D coverage, EAP services help employees and their household members obtain free and confidential access to extensive work/life resources, including:
Advice on handling difficult life events, like losing a loved one