There are two different life insurance amounts you can provide to your employees. A flat amount ( i.e. $25,000.00 ) or a scheduled amount ( i.e. one, two , or three times annual earnings.) It may be based on different classes of employees receiving different amounts (i.e. owners/officers as one class, managers/supervisors as another class).

Rates are usually determined by the average age of the group, gender, amount of coverage, who is paying for the coverage, and the size of the group. Life insurance benefits can also be provided to spouses and children.