Term Life
Term Life
Life insurance is important during every stage of life, whether you’re single with nothing to tie you down, married with or without kids or a mature couple making plans. Everyone has something or someone to protect.
EPIC Specialty Benefits Term Life coverage is designed to be flexible, including the ability to select your coverage amount.
What is Term Life Insurance?
Term Life Insurance protects you for a specific time period or “term.” In the event of your death, a benefit is payable to your beneficiaries in the amount of coverage provided by your plan.
View our complete Term Life Insurance brochure
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How much insurance do you need?
Make sure your coverage keeps up with the changes in your life – such as marriage, home purchases, children, etc. View the Life Insurance Calculator
What’s included?
Complimentary features included with all EPIC Specialty Benefits Life Insurance products:
- Waiver of Premium — We’ll waive an employee’s life premium and continue coverage if they become totally disabled before age 60, for as long as they are totally disabled or until they reach age 70.
- Living Benefit — Employees who are diagnosed with a terminal illness (a life expectancy of less than 12 months) may choose to receive a percentage of their benefit while they are living.
- Conversion — If an employee’s position is terminated for any reason, they are eligible to convert to an individual life insurance policy without health underwriting.
Why Term Life?
It’s responsible – Whether you are single or leaving a family behind, your death will have a financial impact on those you care about.
It’s affordable – Term Life is generally less expensive than other types of life insurance, and your cost is based on a group rate.
It’s convenient – It’s easy to enroll and premiums are paid through payroll deductions.