- Group Term Life Insurance

- Group Accidental Death and Dismemberment

- Group Universal and Variable Life

- Individual Term and Permanent Life Insurance

Life insurance is one of the most important benefits that can be offered through an employee benefits program. Plans are designed to satisfy the immediate and long-term needs of employees by combining competitive group rates, ease of administration, communication support and enrollment support. Life insurance plans vary in design and coverage.

The Two basic types of life insurance are permanent and term. Permanent life insurance provides continues lifetime protection as long as premiums are paid when due and no loans or withdrawals are taken. Most permanent policies also provide the opportunity to build cash value. When the policy has sufficient cash value, the owner of the policy can take a loan out on the cash value to help pay for a child's education, retirement or a major purchase. There are several types of permanent insurance, some of which offer a guaranteed death benefit and cash value as long as premiums are paid. Others offer death benefits and cash values that fluctuate based on the performance of an underlying portfolio of investments.

The latter is known as variable life insurance. Variable life allows you to allocate your net premiums among a variety of professionally managed investment options with varying degrees of risk and reward including accounts that provide a fixed rate of interest. The cash value of a variable life policy is not guaranteed, and the policy owner bears the risk through the selection of investment options.

Term Life Insurance provides protection for a limited period of time, and pays a death benefit only if the insured dies during the term. Most group life programs are term insurance though, many new permanent life plans, such as group universal and variable life, are gaining popularity.

Disability Plans

Without warning, an accident or illness can cause someone's life to take a sharp turn into unknown territory. Suddenly everything changes, even the smallest routines. Knowing where to turn for information can make a big difference. Independent Planning Benefits Corporation offers clients a depth of knowledge and understanding of disability plans.

We understand the potential staggering risks that disease and disability present. Equally staggering are the costs imposed on those who become disabled. Faced with lost wages from being out of work and the reduced ability to accumulate retirement funds, disability threatens both short term and long term stability. Furthermore, employees suffering from disabilities can be exposed to enormous medical expenses at the worst possible time.

Available are comprehensive group and individual disability insurance plans that cost effectively meets both the employer and employee's needs.