Washington Insurance Group

Life Insurance, Insurance, Workers Compensation & Disability Insurance

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Map & DirectionsDirections1155 Connecticut Ave NW Ste 500Washington, DC 20036 Write a ReviewWrite Review

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Washington Insurance Group

Health and Life

Life Insurance
Supplemental Life Insurance is additional life insurance coverage that is made available to the employees of a company in addition to any base amount of life insurance provided by the employer. Employees often receive a base amount of life insurance coverage from their employer as a fringe benefit. The coverage face amount (the death benefit amount) can be either a fixed dollar amount (i.e. – $50,000) or a ‘multiple of employee salary’ amount. (i.e. – An employee earning $75,000 whose employer provides all employees with 2X salary life insurance, receives life insurance coverage of $150,000.) Most employer provided life insurance is issued on a ‘guarantee issue’ basis. This means that medical conditions are not a determining factor for issuance of said life insurance coverage. Often times, an employee desires to obtain additional life insurance for self and also for spouse and dependents. Such coverage is called Supplemental Life Insurance. Employees may seek to obtain such supplemental life insurance coverage through their own efforts. Often an employer facilitates and aids in the process whereby employees may obtain supplemental life insurance. This may include offering employees access to...

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Categories: Life Insurance, Insurance, Workers Compensation & Disability Insurance

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Phone: (202) 728-1092

Address: 1155 Connecticut Ave NW Ste 500, Washington, DC 20036

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Washington Insurance Group

Health and Life

Life Insurance
Supplemental Life Insurance is additional life insurance coverage that is made available to the employees of a company in addition to any base amount of life insurance provided by the employer. Employees often receive a base amount of life insurance coverage from their employer as a fringe benefit. The coverage face amount (the death benefit amount) can be either a fixed dollar amount (i.e. – $50,000) or a ‘multiple of employee salary’ amount. (i.e. – An employee earning $75,000 whose employer provides all employees with 2X salary life insurance, receives life insurance coverage of $150,000.) Most employer provided life insurance is issued on a ‘guarantee issue’ basis. This means that medical conditions are not a determining factor for issuance of said life insurance coverage. Often times, an employee desires to obtain additional life insurance for self and also for spouse and dependents. Such coverage is called Supplemental Life Insurance. Employees may seek to obtain such supplemental life insurance coverage through their own efforts. Often an employer facilitates and aids in the process whereby employees may obtain supplemental life insurance. This may include offering employees access to...
Disability Insurance
Benefit payment maximums that exist in the primary disability policy coverage. For example, with employer provided group disability insurance coverage, even though the amount of a monthly disability income payment is calculated as a ‘fixed percentage of salary’ of each employee’s gross salary, there is always a master ‘policy maximum monthly payment’ amount. This employer group policy maximum can limit the ‘fixed percentage of salary’ payment amount. A supplemental disability income policy can address such a limitation; and/or

Workers Compensation Insurance
Benefit payment exclusions that exist in the primary disability policy coverage. An employee should review the ‘exclusions’ section of an employer provided group disability insurance contract. Payment exclusions for events such as: Injuries caused while traveling on non-commercially scheduled transportation, or, Injuries due to war or act of war can become quite relevant to employees who travel on extended mission to some parts of the world. And although workers compensation should cover on the job injuries, a workers’ compensation policy can also contain coverage exclusions. A supplemental disability income policy can address such exclusions. It is important to carefully review the coverage limitations and coverage exclusions of any disability income replacement policy

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