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Securian Financial

Group life insurance and AD&D

Cornerstones of your benefits program

Group life and AD&D insurance products bring valuable protection to your benefits program, providing your employees with financial support for their loved ones if the unexpected occurs.

Your plans tailored to your group

Based on our nearly 100 years of experience in the group life market, we will recommend solutions to enhance your plans and simplify your processes.

Our group life insurance and accidental death and dismemberment products are customizable for your organization, allowing you to select features like guaranteed coverage, dependent coverage, waiver of premium for disabled employees and continuation options including portability and conversion.

We offer an array of funding arrangements and your organization may choose to offer any of our products on an employer-paid or employee-paid basis.

Helping to reduce your workload

Our administration and record-keeping solutions – like management of your employees’ beneficiary records and coverage amounts – are designed to reduce the burden on your benefits staff.

We also coordinate with many third-party administrators (TPAs) and all major disability carriers to offer seamless integration during enrollment and at claims time.

Life insurance products

Group term life

Our most popular and affordable product, group term life insurance is available as an employer-provided benefit as well as an employee-paid voluntary benefit.

Under the federal tax code, employer-paid coverage amounts up to $50,000 are generally income tax-free to employees.

Group universal life

Group universal life (GUL) provides employees with permanent1 life insurance protection and the potential for tax-deferred cash accumulation with a fixed rate of return.

Employees may choose to pay only the cost of insurance or to make additional contributions to a cash value account that can be accessed through loans or withdrawals.2

Employees can continue their GUL coverage when they change jobs or retire.

Group accidental death products

Group accidental death and dismemberment (AD&D)

If an employee dies or loses the ability to use a body part as the result of a covered accident, AD&D provides additional benefits for their loved ones. An affordable protection benefit, AD&D can be combined with a life insurance product, offered as a stand-alone product, or both.

Our product is customizable with features such as felonious assault coverage or survivor education benefits.

Business travel accident (BTA)

Available as a rider to a term life policy or as an additional AD&D benefit, business travel accident provides a lump-sum payment if an insured employee dies or is injured from a covered accident while traveling for business.

Learn more about our products

Get more information about how Securian can customize group life insurance or AD&D products to meet your organization’s needs. Contact our group sales team today.

  1. Subject to a maximum age, which varies by policy.
  2. Loans and withdrawals will reduce both the policy cash value and death benefit.

This information is a general discussion of the relevant federal tax laws. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisors regarding any tax and legal issues applicable to their specific circumstances.

Insurance products are underwritten by Minnesota Life Insurance Company or Securian Life Insurance Company, a New York authorized insurer. Both companies are affiliates of Securian Financial Group, Inc. and are headquartered in Saint Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.