|Term Life||Whole Life||Universal Life|
|Variable Universal Life||Accidental Death||Final Expense Life|
Group universal life insurance is universal life insurance that is offered by a company to their employers as part of an overall employee benefits package. Because of this, the premium is generally lower when compared to an individual universal life insurance policy.
Universal life insurance is a type of permanent life insurance, meaning that it provides coverage for life. Like other types of permanent insurance, such as whole life, universal life insurance provides a guaranteed death benefit that will be left to your heirs.
Universal life insurance is also more flexible than term or whole life insurance. You can adjust your insurance premiums, if necessary, as long as you have sufficient cash value to cover insurance costs.
Learn more about Transamerica's employee benefits >
In today's tough economy, you want your company to stand out as an employer of choice. One way to do so is to provide an attractive benefits package that includes life insurance, making your company even more enticing for top talent.
In addition to attracting new employees, unexpected events can occur. When they do, you want your current staff to be prepared. Group universal life insurance can provide this protection.
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