The Handbook of Employee Benefits: Health and Group Benefits 7/E, 7th Edition

PART THREELife Insurance Benefits

Traditionally, most employers have provided some form of group life insurance benefits for their employees. Of course, as is the case with all employee benefits, life insurance plans must be designed to meet both the objectives of an employer and the needs of its employees. As will become clear, even this very popular and relatively inexpensive benefit has fallen prey to the need employers have increasingly faced since the mid-1990s to cut costs in order to remain competitive.

Part Three begins with a discussion in Chapter 14 of some of the most important considerations involved in the design of a life insurance benefit plan and an overview of the most popular method of providing life insurance benefits—group ...