Group Life Insurance and AD&D

2-100 employees

 

Broker resources

2023 Benefit Summaries  |  Rates  |  Quick Match Flier  |  Q3 Specialty Sales Guide  |  Life Insurance Brochure  |  Product Cycle Updates  |  Renewal Center  |  Sales Resources and Collateral  |  Forms and Applications  

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Quick Match is just what you need to sell Blue Shield Life

Our life insurance Quick Match Program^SM provides streamlined underwriting by matching renewal rates from the group's current life insurance company. Our improved program is available to new and renewing groups adding life insurance with 10-100 eligible employees. Take advantage of this special limited-time opportunity. Learn more.

Two-year initial rate guarantee

A two-year initial rate guarantee applies to both new and existing medical groups adding a dental or vision plan, and/or life insurance. 

About Blue Shield Life Insurance

Blue Shield Life combines life insurance coverage with comprehensive AD&D benefits and can be sold to employer groups alongside or independent of our medical plans. And with an "A (Excellent)" rating from A.M. Best, Blue Shield Life has the financial stability to meet your clients' needs now and in the future.

In addition, all of our small group plans offer streamlined administration with one bill, one renewal, and one point of administration for all of your Blue Shield business. Employers can access all of their coverage through Employer Connection for information and management of all their plans.

More reasons to sell Blue Shield Life Insurance

Beneficiary assistance services

Beneficiary assistance offers care and support for family members who have suffered a recent loss of a loved one. During this challenging time, a simple phone call connects members with a team of experienced professionals ready to assist with grief support, financial advice, and legal needs. Learn more.

Travel assistance services

These services are for employees and their families traveling more than 100 miles from home (including international travel). Learn more.

Life Insurance Benefits

• Flat amount 
• Multiples of salary 
• Graded schedule 

Eligible employees	Benefit amount  (No evidence of insurability is required)
2 to 9	$15,000 - $50,000 Multiples of salary maximum benefit of $30,000 and $50,000
10 to 242	Minimum benefit $15,000 Maximum benefit $100,000 Multiples of salary maximum benefit up to $500,000
25 to 502	Minimum benefit $15,000 Maximum benefit $150,000 Multiples of salary maximum benefit up to $500,000
51 to 1002	Minimum benefit $15,000 Maximum benefit $150,000 and $175,00 or $200,000 Multiples of salary maximum benefit up to $600,000

The guaranteed issue amount is equal to the maximum benefit.

Composite rates for groups of 10 to 100

For groups with 10 to 100 eligible employees, our life insurance composite rating model delivers more competitive rates and streamlined administration with a single composite rate for all employees. Contact your Blue Shield sales representative for details and new business quote information.

Dependent Life Benefits (Optional)

Groups with 2-9 eligible employees: $0.45 per $1,000 coverage. Available coverage amounts are $1,000-$5,000 in $1,000 increments.

• One rate covers all dependents of the employee. For example, an employee working at a group with 2-9 employees can purchase $3,000 coverage for any number of dependents for a $1.35 monthly premium ($0.45 x 3). The premium amount will be the same regardless of the number of dependents covered.

Groups with 10-100 eligible employees: $0.25 per $1,000 coverage for groups. Available coverage amounts are $1,000-$5,000 in $1,000 increments, $7,500, $10,000 or $20,000 per dependent.

• One rate covers all dependents of the employee. For example, an employee working at a group with 10+ employees can purchase $5,000 coverage for any number of dependents for a $1.25 monthly premium ($0.25 x 5). The premium amount will be the same regardless of the number of dependents covered.

Accidental death and dismemberment (AD&D) coverage

Life insurance includes AD&D insurance. Our AD&D insurance coverage provides additional financial support in the event of an accidental loss. That’s
why it’s included with every life insurance policy. Additional benefits are also standard:

• Seat belt benefit
• Airbag benefit
• Special education benefit
• Repatriation benefit
• Disappearance benefit
• Felonious assault benefit
• Exposure benefit
• Common carrier benefit
• Surgical reattachment benefit

1. Coverage amounts are available in plan options of $5,000 increments, except where notes, within the specified guarantee issue range based on the number of eligible employees.
2. Composite rating for groups of 10 or more eligible employees

Wellness discounts

All Blue Shield of California members have access to wellness program discounts to help them save on managing their physical, psychological, and lifestyle well-being (important terms and conditions apply).

Visit blueshieldca.com/wellnessdiscounts to learn more.