Group Yearly Renewable Term

An annually renewable term life insurance issued to a policyholder who is usually an organization for the purpose of protecting the lives of their employees/members. GYRT is the basic policy that provides death benefits. Riders may be chosen to add coverage to their basic policy).

• Accidental Death and Dismemberment
• Terminal Illness Benefit
• Total and Permanent Disability
• Burial Benefit
• Accidental Medical Reimbursement
• Hospital Daily Income Benefit

Group Credit Life

Group credit life insurance provides protection to the Creditor who is insured of payment of a deceased Debtor’s outstanding obligations. The Debtor’s family will not have to shoulder the balance of the loan in the event of the Debtor’s untimely demise.

• Level term insurance
  Amount of insurance throughout the period of coverage is equivalent to the original amount of the loan
• Decreasing Term Insurance
  Amount of Insurance decreases based on the assumption that all amortizations are paid on their due dates

For companies, group solutions may be given as employee retirement plan or incentive for employee retention.