One Policy. A Lifetime of Security for Everyone.
Protecting employees, families, and financial security
Group life insurance plans provide financial protection for employees or members by offering life insurance coverage through an employer or organization. These plans help support families in the event of a death while also serving as an important benefit that can help attract and retain employees. Whether offered as part of a benefits package or through an association, group life coverage provides affordable protection with simplified enrollment.
Properly structured group life plans help organizations provide meaningful benefits while maintaining cost control and compliance.
Key Risks Without Group Life Coverage
Organizations without group life plans may face challenges related to:
Lack of competitive employee benefits
Difficulty attracting and retaining staff
Financial hardship for employee families
Inadequate coverage for key personnel
Gaps in employer-sponsored benefit programs
Compliance issues with benefit regulations
Providing benefits can be critical for long-term workforce stability.
Core Coverages in Group Life Plans
Group life insurance programs typically include:
Basic Group Life Insurance — Provides a set amount of life insurance coverage for employees or members.
Voluntary Life Insurance — Allows employees to purchase additional coverage beyond the employer-provided amount.
Dependent Life Coverage (when offered) — Provides life insurance for spouses or children.
Accidental Death & Dismemberment (AD&D) — Pays additional benefits for certain accidental injuries or death.
Employer-Paid or Employee-Paid Options — Plans can be funded by the employer, the employee, or shared.
Supplemental Coverage (when applicable) — Provides additional protection for executives or key employees.
What’s Commonly Overlooked
Group life plans are often weakened by:
Coverage amounts that are too low
Failure to update benefits as staff grows
Missing dependent coverage options
Lack of executive or key person protection
Poor plan communication to employees
Non-compliance with benefit regulations
These issues often appear when benefits are needed most.
Real-World Claim Examples
An employee passes away unexpectedly
A family relies on life benefits for expenses
A company loses a key executive
Employees request better benefit options
A business competes for talent with stronger benefits packages
Group life insurance helps provide stability during difficult times.
Why Proper Placement Matters
Group life plans vary based on:
Number of employees
Employer contribution structure
Industry benefit standards
State and federal regulations
Executive compensation needs
Budget and cost control goals
Improperly designed plans may not provide the protection employees expect.
Our Approach
At Cory Washington & Co., we design group life insurance plans based on your workforce, budget, and long-term goals. We help structure benefits that support employees while keeping the program simple, compliant, and cost-effective.
Strong organizations take care of their people.
Frequently Asked Questions
How do I get group life insurance plans through Cory Washington & Co.?
Request a quote or contact our team. We start with a short conversation about your operations, analyze your exposures, then negotiate group life insurance plans across multiple carriers that compete for your account and present options with the trade-offs explained. Cory Washington & Co. LLC is licensed in all 50 states.
What drives the cost of group life insurance plans?
Premiums vary from business to business. The main drivers of group life insurance plans pricing are the nature of your operations, your revenue and payroll, your loss history, and the limits you carry. Rather than quote a flat figure, we negotiate across several markets and walk you through the options, so you only pay for the protection you actually need.
Do I need group life insurance plans?
It depends on your situation. Some coverage is required by law; more often, group life insurance plans is required by a contract, lease, lender, or client before they will do business with you — and even when it is not mandated, it guards against exposures that can be severe. We review your operations and obligations and tell you plainly what you need and why.
What if another agency has already declined or non-renewed my coverage?
Difficult, specialty, and previously-declined placements are a core part of our work. We access excess & surplus (E&S) and specialty markets that many generalist agencies cannot, and we explain the trade-offs clearly so you can decide with confidence.
Available in all 50 states. See how requirements differ in California, Texas, Florida, New York, or choose your state.