Group Life Insurance for Employers from Argus Insurance

Group Life Insurance for Employers from Argus Insurance - Argus Bermuda

CHOOSE AN ACCOUNT:

A Group Life Insurance Policy helps employers respond in a meaningful way to the untimely death of an employee, regardless of how the death occurs. By ensuring the financial security of your employees’ dependents, our selection of Group Life Insurance Policies can help you attract and retain the best talent.

Multiple Benefit Approaches

Whether you prefer a multiple of salary or a flat benefit, we can help you find a Group Life Insurance Policy that is right for you and your business.

A Multiple of Employees' Salary		A Flat Benefit
	OR
Typically, 1 - 4 times employees salary		$25k $50k $100k

Learn More

Interested in learning more?

Our experienced representatives look forward to talking to you.

LIFE INSURANCE RESOURCES

Learning Resources

08 Apr 2022

Understanding inflation: the danger of keeping your eggs in one basket

08 Oct 2020

What you should know about the Argus Interest Accumulator

Common Forms

Dental Claim Form

Individual Health Form for New Applicants

Group Insurance Enrolment Form for Employers

Frequently Asked Questions

What is the Non-Medical Limit?

The Non-Medical Limit (NML) is the guaranteed amount of life insurance that an employee will receive without requiring medical underwriting. All amounts in excess of this amount are subject to satisfactory medical evidence of insurability. In other words, medical underwriting will be required for all excess amounts of insurance above the NML. NML’s vary by employer and are reviewed every year during renewal.

What is Medical Underwriting?

Medical underwriting is the use of medical or health information to assist in the evaluation of an applicant for coverage and determining the appropriate benefit and premium. Read more detail here.

Who should be advised of a Death Claim?

The medical underwriting department should be advised of a death claim by the employer or the named beneficiary. If you need assistance please contact our Customer Service Team on 298-0888 or at insurance@argus.bm

When does a Group Life Policy renew?

Renewals occur for Group Life plans throughout the year. It depends on the anniversary date of the policy (i.e. the original policy effective date). For example, ABC Company insured for Group Life on November 1, 2012. ABC’s policy will renew on November 1st every year thereafter, unless otherwise stated.

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Group Life Insurance for Employers from Argus Insurance - Argus Bermuda