Group Life and AD&D

Tailored Group Plans to Protect Your Team’s Health and Well-being!

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Group Life

Matrix Insurance Agency offers a variety of life and AD&D coverage options to protect your employees and their families. From Employer Sponsored Life and AD&D plans that provide essential financial security, to Voluntary Life and AD&D plans that give employees the flexibility to choose additional coverage, we tailor solutions to meet your company’s needs. Our offerings ensure your workforce has access to vital protection, providing peace of mind while helping you manage costs effectively.

Fully Insured Vision Plans

Employer Sponsored Life

Administrative Services

Employer Sponsored AD&D

Vision Discount Programs

Voluntary Life and AD&D

  • Coverage Type: Provides a lump sum payment to beneficiaries in the event of an employee’s death – financial protection for the beneficiaries
  • Benefit Amount: Coverage typically based on a multiple of the employee’s salary (e.g., 1x or 2x annual salary) or a flat amount.
  • Eligibility: Employees must meet specific criteria, such as full-time status and a minimum length of employment, to qualify.
  • Premiums: Can be employer-paid, employee-paid, or a shared cost between both parties.
  • Tax Implications: Employer-paid premiums for coverage up to $50,000 are generally tax-free for employees.
  • Portability: Some policies offer the option for employees to continue coverage if they leave the company.
  • Additional Coverage: Options for employees to purchase additional coverage for themselves, their spouses, and their dependents.
  • Coverage Type: Provides an additional lump sum payment to beneficiaries if the employee dies due to an accident.
  • Dismemberment Benefits: Pays a percentage of the benefit amount for specific injuries, such as loss of limbs, sight, hearing, or speech.
  • Coverage Conditions: Benefits are only paid for accidents, not illnesses or natural causes.
  • Supplemental Coverage: Often available as an add-on to the basic life insurance policy.
  • Exclusions: Typically excludes coverage for deaths or injuries resulting from activities such as war, suicide, or risky sports.
  • Benefit Amount: Generally equals or doubles the basic life insurance benefit amount in case of accidental death.
  • Eligibility: Same as group life insurance, requiring employees to meet specific criteria.

How to get started

Getting started with Matrix Insurance Agency is easy! Contact us to schedule a consultation where we will assess your needs and tailor our services to fit your organization. From there, we’ll guide you through the setup process, ensuring a smooth transition and effective management of your benefits programs.

Initial Consultation

Let’s have a conversation to understand what your group looks like and what your goals and needs are for your benefits package.

Solution Analysis

We take the information we gathered from you and compare it against multiple insurance options to source the best plan for your group.

Plan Selection

Armed with information and options, we’ll help guide you on the best plan selection to create the program you have envisioned for your employees.