Life and AD&D plans
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Basic Term Life and Accidental Death & Dismemberment (AD&D) Insurance
Life and accidental death and dismemberment (AD&D) insurance are time-honored ways for employers to help employees provide financial protection to their families to cover living expenses, college education costs, mortgage payments, and more. Basic life insurance, underwritten by Blue Shield of California Life & Health Insurance Company (Blue Shield Life), is available to groups with or without medical coverage.
Ease of administration
Life insurance combined with a Blue Shield health plan is easy – one bill, one point of contact, and one renewal packet.
Three-year rate guarantee
All groups receive a three-year rate guarantee on their life insurance coverage, giving them added financial predictability for budgeting and planning.
Financial strength
A.M. Best gave Blue Shield Life an “A,” which is an “excellent” rating.‡ We have the stability and financial strength to meet your clients’ insurance needs now and in the future. For more than 50 years, Blue Shield Life has fulfilled the life insurance needs of businesses across California.
Bundle and save with Benefit Solutions
With Benefit Solutions, the more you add, the more you save. Our improved bundling program now applies to groups of 101 up to 1,000! Your clients can save up to 3% on their medical rate by bundling dental, vision, and life insurance‡ with their medical benefits.
- Choose dental and save 2%.
- Add a minimum of $25,000 in life insurance and save an additional .5%.
- Add vision†, and save another .5%.
Learn more about Benefit Solutions.
Travel Assistance Program
Your clients have access to the Travel Assistance Program provided by AXA Assistance USA, Inc. as part of their Life Insurance program with Blue Shield of California. This program offers your clients a broad range of worldwide travel, emergency, medical transportation, and concierge services 24 hours a day, 365 days a year. Learn more about the Travel Assistance Program.
Quick Match Program for Basic Term Life
Our life insurance Basic Life Quick Match ProgramSM provides streamlined underwriting by matching rates from any other plan for new and existing groups of 101-499 eligible employees. Blue Shield Life will match the current carrier rates in force on amounts up to $500,000. Contact your Blue Shield sales representative to learn more about the Quick Match Program.
Supplemental Term Life Insurance & AD&D Coverage (Optional)
Supplemental term life insurance is a 100% employee-paid benefit that helps employees and their dependents gain extra protection to fit their personal insurance needs. While basic group term life insurance may meet some employees’ financial protection needs, others may need higher levels of life insurance. Learn about our new Quick Match program for Supplemental Life.
LifeReferrals 24/7
Some of the services provided by Life Referrals 24/7SM include:
- Employee assistance – Unlimited telephonic access to trained counselors and up to three face-to-face sessions with a licensed therapist in each six-month period. Learn more.
- Beneficiary assistance – Grief, legal and financial counseling for beneficiaries of a life insurance benefit.
- Will preparation – Online tool to create a will or trust.
- Referrals to community resources – For child care and parenting, adult care and aging, and education and career development.
A wide range of choices
Our group term life insurance program combines life insurance with AD&D benefits and optional dependent life insurance to meet the needs of most employer groups.
Basic term life insurance benefits include:
- Waiver of premium provision.
- Accelerated death benefit.
- Minimum coverage amount of $15,000. The maximum coverage amount is determined by underwriting.
- Flexible plan options:
- Flat amounts
- Multiple of salary
- Graded schedule
AD&D Benefits
Along with life insurance benefits, we also provide AD&D benefits which add another layer of coverage.
Dependent Life Insurance
Groups can offer dependent life insurance for an insured employee's spouse or domestic partner and children. One rate covers all dependents.
Accelerated Death Benefit
To help terminally ill employees while they are still alive, we offer an accelerated death benefit of up to $250,000.
Understand the value
Help your clients understand the value that life insurance can provide to their loved ones in this infographic: Why you need life insurance coverage
† Underwritten by Blue Shield of California Life & Health Insurance Company (Blue Shield Life).
‡ 2015 A.M. Best gave Blue Shield Life an “A” rating.