At McCarthy Stevenot Agency, Inc., we have access to a variety of group term life insurance products.
Group term life insurance is usually purchased with a fixed face amount (death benefit amount) for all employees (i.e. $20,000 per employee), or as a multiple of earnings to a specified maximum (i.e. 1.5X earnings to a maximum of $50,000 per employee). Plans can be customized to reflect a wide array of face amounts and plan maximums depending on the group and the industry.
Group term life insurance plans that specify a multiple of income will require you to list employee incomes for quotes. In order to maintain confidentiality during quoting, you can provide employee ages and corresponding incomes, but not include the names of employees. However, should you decide to formally apply, actual employee data will be required.