What is Term Life insurance?

Term Life insurance pays a lump sum of cash, in the event of the insured's death. It provides protection and stability for employees at a difficult time.

Employers have several options for plans and premiums, so they can find the best balance of employee coverage and financial security.

Who should consider it?

Having life insurance is all about taking care of loved ones. Offering life insurance is all about employers providing an attractive benefit and financial security for their employees. In fact, nearly 70%1 of Americans agree that life insurance is the best way to protect against the financial implications associated with loss of life. But 43%2 of adults have no coverage at all.

  • Key benefits

    Key benefits

    • Coverage for employees and dependents is offered on a Guaranteed Issue basis, based on underwriting guidelines
    • Benefits, which may be provided on a tax-free basis, are paid in a lump sum benefit to the appointed beneficiary
    • Can supplement any existing life insurance plan
    • Convertible and portable
  • Additional features

    Additional features

    Group Term Life can be supplemented with Accidental Death & Dismemberment insurance, offering an extra level of protection for employees and their families. These affordable policies pay 100% of the benefit for covered death caused by an accident, and from 25% to 100% of the benefit for covered injuries that result in dismemberment.

  • Application process

    Application process

    For information or to request a proposal for a Term Life policy underwritten through USAble Life, Principle Life or The Hartford, please contact your Mosaic Group representative.

  1. (accessed June 1, 2016)
  2. (accessed June 1, 2016)