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In a tight labor market, financial protection is a cost-effective benefit that can help your clients attract and retain their valued employees.
You may know Symetra Life Insurance Company as a leader in the stop loss market, but we also have a robust and competitive line of group life and disability income insurance products. Our flexible and cost-effective policies can help your clients provide financial protection benefits for their employees without breaking their budgets.
Life Products
Most workers look to their employers for life insurance. Symetra offers cost-effective basic and supplemental life insurance, as well as accidental death and dismemberment (AD&D) insurance that employees will value.
Basic Group Life
Available for groups of 10 or more, allows employers to provide group life insurance protection to employees and their dependents at attractive group rates. Plans can be offered as a flat amount for all workers, a multiple of salary, or customized to fit a business need.
Supplemental Group Life
May be sold as a stand-alone plan or as a supplement to any group life insurance offered by the employer. Requires participation by 15 percent of eligible employees or 10 lives. Standard options include employee selected increments, flat amounts for all employees, or salary multiples.1 Customized plans are also available.
Our basic and supplemental group life products feature:
- Conversion: Employees can convert group coverage to an individual policy, in most cases, if group coverage ends. Evidence of insurability is not required.
- Accelerated Death Benefit: Allows a one-time acceleration of up to 80 percent of the life insurance benefit if the insured is expected to live 12 months or less.2
- Waiver of Premium: Waives premiums and continues coverage when the insured is deemed totally disabled.
- Portability: Employees can continue coverage after employment ends.3
Accidental Death and Dismemberment Insurance
Our standard accidental death and dismemberment policy pays an additional benefit in the event of the loss of life, speech, hearing, a hand, foot or eye; a loss of thumb and index finger on either hand; or paralysis as the result of an accident. Additional standard benefits include:
- Seat Belt and Air Bag Benefit: Pays an additional benefit if the insured dies as the result of an injury incurred while wearing a seat belt in a privately owned automobile. Additional benefit paid if the insured was wearing a seat belt and the air bag deploys.
- Repatriation Benefit: Pays an additional benefit if the insured dies outside the territorial limits of the state or country of the deceased person’s place of permanent residence.
Optional AD&D benefits:
- Enhanced AD&D Package: Includes additional coverage for child education, day care, rehabilitation, spouse education, adaptive home, and vehicle benefits.
- Enhanced Plus AD&D Package: Offers additional benefits for comas, critical burns, therapeutic counseling and felonious assault.
Disability Income Insurance Products
When an employee is disabled, the injury can be felt company-wide in expense and lost productivity. You can help clients mitigate this expense with group disability income insurance. Symetra offers employer-sponsored long- and short-term disability income, core buy-up long-term disability income and voluntary short-term disability income insurance.
Short-Term Disability: Available to groups of 10 or more employees, with a 75 percent participation minimum if employees are required to contribute. Pays up to 70 percent of pre-injury income ($2,500 weekly maximum) for up to 52 weeks.
Voluntary Short-Term Disability Income: Requires participation of the greater of 15 percent of employees or 10 lives.4 Pays up to 60 percent of pre-disability earnings for nine to 52 weeks.
Long-Term Disability Income: Available for as few as 10 lives. Provides partial income replacement of 50 to 70 percent,5 reduced by other income benefits, to age 65 for those under age 60 when disability begins. Reduced payments are available for those over age 65 at disability.
Core Buy-Up Long-Term Disability Income: Employer defines “core” benefits and options, and employees have the option to “buy-up” additional coverage. Available for groups of 50 or more eligible employees, with participation required for the greater of 33 percent of eligible employees or 10 lives.3 Provides partial income replacement of 40 to 60 percent. Maximum monthly benefit ranges from $1,000 up to $15,000, reduced by other income benefits, to age 65 for those less than age 60 when disability begins. Reduced payments are available for those over age 65 at disability.
Other disability income product features include:
- Social Security Assistance: Helps claimants obtain Social Security disability income and Medicare benefits.
- Worksite Modification: Provides up to $1,000 of employer reimbursements for costs associated with adjusting a claimant’s workspace.
- Vocational Rehabilitation Assistance: Assists claimants with return to full- or part-time employment through testing, training, job modification and placement.
- Conversion: The ability to convert group coverage to an individual policy, in most cases, if group coverage ends.
Contact Us
These are just some of the highlights of our Group life and disability income insurance products. For more information, please visit our web site or contact your Regional Group Sales Manager. 
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