Group Term Life Insurance Uk - Term Life Insurance

Lincoln Financial Group Reports First Quarter 2010 Results MarketWatch (press release)

28.04.10

Today reported net income for the first quarter of 2010 of $283 million, or $0.85 per diluted share available to common stockholders, compared to a net loss in the first quarter of 2009 of $579 million, or $2.27 per diluted share. Net income in the first quarter of 2010 included net realized losses of $27 million, after tax, or $0.09 per share, versus the prior year quarter, which included net realized losses of $136 million, or $0.54 per share. The current quarter included income from discontinued operations of $28 million, or $0.09 per share, including a gain on the disposition of Lincoln UK and Delaware Investments. The 2009 quarter included a non-cash charge of $600 million, after tax, or $2.35 per share, for the impairment of goodwill in the annuity business.

For the Quarter Ended --------------------- ($ in millions except per share data) 2010 2009 -------------------------------------

Source:

Benefits of Group Term Life Insurance

Major companies with many employees working for them, have an aptitude to retain their skilled employees and recruit new people who make a considerable contribution to the profitability of the company. The company is bound to safeguard the interests and safety of the employees and hence opt for various life insurance benefits which are a key element of any employee benefit plan.

Group term life insurance ensures the financial stability of the dependents of the employees, in case of the death of the employee. It is an affordable way to provide financial security to the dependents of the employees in the event of any unfortunate happening.

Basically, group term life insurance includes disability coverage and or death accelerated death benefit and the choice is left with the employee. Different companies have various working situations, employment policy and financial obligations and the life insurance policies differ accordingly. There are many customer friendly features and options to meet the requirements of the company and the plans differ according to them.

The insurance companies offer a multitude of plans for various companies of all strata with variable features like living care benefit, liberal benefit amounts, dependent coverage and portability. The main advantage of a group term life insurance is the low cost benefits for the employees, without causing a burden on them by increasing the expenses.

Apart from companies, there are trade associations and unions and associations for college alumni that offer group term life insurance. Group term life insurance has some advantages over an individual policy. There is no need to meet certain health criteria in order to be eligible for group term life insurance. When the policy is taken for quite a large number of people, there is an averaging and subsidizing, giving a lower death benefit rate.

Since group term life insurance premium is taken from the monthly salary...

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group term life insurance uk - News


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