DISCLAIMER
The Thomas M. Frick Insurance Agency (TFIA) Website provides you with the
ability to link to other sites on the worldwide web. TFIA does not endorse,
promote or otherwise recommend in any way the products, services or information
found through these links. Additionally, no warranty or representation with
respect to the products or services made available through these links is
provided by TFIA.
IMPORTANT
NOTICE We welcome your communication via e-mail; however, we ask that you
do not request changes or apply for coverages via e-mail. Please call our
office so that we can properly assist you. We ask that you do not use e-mail
to submit claims. In order to be sure that we have all of the necessary
information for processing, please call our office to report a claim. We
cannot assure that requests or changes will be properly addressed if they
are relayed to us via e-mail. Finally, our agency cannot insure the confidentiality
of any information transmitted via e-mail.
Ultra
Group Term Life Insurance
No matter what
kind of business you're in, it's people, not machines or buildings, that are
ultimately responsible for the success the business achieves. Employees are
the most important asset in any organization. Business owners in today's highly
competitive environment recognize the importance of attracting and keeping
good employees. Providing group life insurance as a benefit can be a key factor
in achieving that goal. Employees value life insurance as a benefit. Regardless
of the number of workers you employ, Erie Family Life Insurance Company has
a product designed to cover all of your employees and provide you with just
one simplified bill. Two of our Group Term Life Insurance programs are described
below.
Ultra
Group 2
Ultra Group 2 is
group term life insurance from Erie Family Life for businesses with two to
nine employees. The amount of insurance protection can range from $10,000
to $100,000 per life, depending on the benefit schedule you select. For groups
with five or fewer employees, the maximum per life is $50,000.
- Waiver of Premium
Benefit (optional): Under certain circumstances, insurance protection will
continue with no premium payment necessary for a covered employee who becomes
totally disabled before age 65.
- Accidental Death
Benefit (optional): If this benefit is included in your group contract and
the insured employee dies as a result of an accident as defined in the policy,
Erie Family Life will pay the beneficiary an additional amount equal to
the life insurance benefit.
- Continuation
of Coverage: Upon termination of employment, ownership of the life insurance
policy can be transferred from the employer to the employee.
- Conversion Coverage:
under this program ceases at age 70, at which time the employee may convert
his/her coverage to any permanent plan of insurance offered by Erie Family
Life for group conversions.
- Settlement Options:
Beneficiaries can select from a broad range of settlement options including
lump sum, interest only, installment payments, or a lifetime income
Ultra
Group 10
Ultra Group 10
is group term life insurance from Erie Family Life for businesses with 10
or more employees. The amount of insurance protection can range from $10,000
to $150,000 per life, depending on the benefit schedule you select.
- Waiver of Premium
Benefit (optional): Should a covered employee become totally disabled for
more than nine months, insurance protection will continue with no premium
payment necessary for that individual. As long as the disability continues,
the insurance remains in effect up to age 65 as if the premium were being
paid.
- Accidental Death
and Dismemberment (optional): If this benefit is included in your group
contract and the insured employee dies as a result of an accident, Erie
Family Life will pay the beneficiary an additional amount equal to the life
insurance benefit. In addition, if the insured loses a hand, foot, or the
sight of an eye as the result of an accident, Erie Family Life will pay
one-half the life insurance benefit for a single loss or the full benefit
for any combination of multiple losses.
- Dependent Coverage
(optional): If dependent coverage is included in the group life contract,
each covered employee can elect coverage for their dependents.
- Conversion:
Upon termination of employment, a covered employee may convert all or part
of their life insurance coverage to an individual policy, without evidence
of insurability.
- Settlement Options:
Beneficiaries can select from a broad range of settlement options including
lump sum, interest only, installment payments, or a lifetime income.
Back
to Commercial
