Group Life Insurance New York

Group life insurance is a life insurance policy that applies to a large number of people. These policies are often found through employers, banks, and any other groups that an individual belongs to. Upon the death of the policyholder, the money goes to a designated individual or group.


1 . Local Companies

Mr. Dennis J. Hebert (RFC®), CFP, CHFC, CLU, MSFS
315 234 7526
209 Second Street
Liverpool, NY
Mr. Brian E. Glickman (RFC®), CPA
631 361 9108
22 Lawrence Ave Ste 103
Smithtown, NY
Allstate Auto Insurance
(888) 355-7971
12 Courtney Dr
Fairport, NY
Allstate Auto Insurance
(888) 355-7971
725 E Main St
Riverhead, NY
Allstate Auto Insurance
(888) 355-7971
314 E Seneca St
Manlius, NY
Mr. John M. Lunghino (RFC®), CPA, CSA, MBA
716 362 9229
4925 Main Street, Suite 205
Amherst, NY
Mr. Vincent M. DAddona (RFC®), CHFC, CLU, MSFS
212 701 7903
140 Broadway
New York, NY
Allstate Auto Insurance
(888) 355-7971
346 Westbury Ave
Carle Place, NY
Allstate Auto Insurance
(888) 355-7971
696 Dutchess Tpke
Poughkeepsie, NY
Allstate Auto Insurance
(888) 355-7971
655 Rossille Ave
Staten Island, NY
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2 . Servicemembers' Group Life Insurance - Alternative

Servicemembers' group life insurance is an alternative to life insurance available for typical groups. This particular type of life insurance is only available to those members who are members of the United States Armed Forces. This means that no one, including spouses or dependents, can be covered under a policy. Spouses and dependents of someone who is in the Armed Forces can only recoup the benefit in the case of the policyholder's death, and only if they are named as the beneficiary. This policy, which is sometimes called SGLI, begins with $50,000 worth of coverage payable upon the death of the policyholder. This type of group life insurance policy is limited to a maximum amount of $400,000. Once a recruited member leaves, or retires from the Armed Forces, they can change their policy to a different service. The Veterans' Group Life Insurance is available for anyone who served time in the Armed Forces. The same limits as described above still apply. An individual who retires from the Armed Forces can apply for a policy of $50,000 up to $400,000. The cost of the policies is typically $.07 for every $1,000 of coverage the user seeks. For $7 a month, an individual can receive $100,000 of coverage. This applies only to individuals who currently serve in the Armed Forces, have served, or have retired from the military. It does not cover spouses or dependents.

3 . Designating A Beneficiary

Once an individual has applied for group life insurance, and is granted coverage, they may need to file a Designation of Beneficiary document. This document essentially states how the money in the policy will be spread out upon the death of the policyholder. Certain life insurance companies require that an individual decide who their beneficiary, or beneficiaries, are when they first apply for coverage. Other companies allow policyholders to make this decision later on in the process, after they have been approved. There are also a large number of life insurance providers that never require an individual to make this decision. If the policyholder has a legally binding will, and this will has been filed, then the company will waive the beneficiary requirement. Users are advised to ask their own particular insurance provider about their beneficiary requirements.

4 . Breaks In Service

A break in service is known as a period of time in which the policyholder leaves the organization where they previously had coverage. When the holder returns to that particular employer or organization, this is known as a break in service. Depending on the reason why a person leaves, the coverage may be extended for a set period of time. Breaks in service usually apply only to employer-based life insurance, and not insurance provided by another organization such as a school or financial institution. An individual who leaves their job for military service will be granted an extension of their benefits up to twelve months following the day they leave the military. For example, if an employee is put on active duty, up from reserve status, their benefits will still be in place when they return. Those benefits will be held in place for a year following their last day in the military. This gives the individual time to return to work and begin making their payments again. An individual who voluntarily leaves their employer, or is fired, will be given twelve months to collect on their benefits, following their last date of employment.
Regional Articles
- Group Life Insurance Albany NY
- Group Life Insurance Amityville NY
- Group Life Insurance Amsterdam NY
- Group Life Insurance Arverne NY
- Group Life Insurance Astoria NY
- Group Life Insurance Auburn NY
- Group Life Insurance Babylon NY
- Group Life Insurance Baldwin NY
- Group Life Insurance Baldwinsville NY
- Group Life Insurance Ballston Spa NY
- Group Life Insurance Bay Shore NY
- Group Life Insurance Bayside NY
- Group Life Insurance Beacon NY
- Group Life Insurance Bellerose NY
- Group Life Insurance Bellmore NY
- Group Life Insurance Bethpage NY
- Group Life Insurance Binghamton NY
- Group Life Insurance Brentwood NY
- Group Life Insurance Brewster NY
- Group Life Insurance Brockport NY
- Group Life Insurance Bronx NY
- Group Life Insurance Bronxville NY
- Group Life Insurance Brooklyn NY
- Group Life Insurance Buffalo NY
- Group Life Insurance Cambria Heights NY
- Group Life Insurance Camillus NY
- Group Life Insurance Canandaigua NY
- Group Life Insurance Centereach NY
- Group Life Insurance Central Islip NY
- Group Life Insurance Clifton Park NY
- Group Life Insurance Cohoes NY
- Group Life Insurance College Point NY
- Group Life Insurance Commack NY
- Group Life Insurance Copiague NY
- Group Life Insurance Coram NY
- Group Life Insurance Corning NY
- Group Life Insurance Corona NY
- Group Life Insurance Cortland NY
- Group Life Insurance Cortlandt Manor NY
- Group Life Insurance Deer Park NY
- Group Life Insurance Delmar NY
- Group Life Insurance Depew NY
- Group Life Insurance Dunkirk NY
- Group Life Insurance East Amherst NY
- Group Life Insurance East Aurora NY
- Group Life Insurance East Elmhurst NY
- Group Life Insurance East Islip NY
- Group Life Insurance East Meadow NY
- Group Life Insurance East Northport NY
- Group Life Insurance East Setauket NY
- Group Life Insurance East Syracuse NY
- Group Life Insurance Elmhurst NY
- Group Life Insurance Elmira NY
- Group Life Insurance Elmont NY
- Group Life Insurance Endicott NY
- Group Life Insurance Fairport NY
- Group Life Insurance Far Rockaway NY
- Group Life Insurance Farmingdale NY
- Group Life Insurance Farmingville NY
- Group Life Insurance Floral Park NY
- Group Life Insurance Flushing NY
- Group Life Insurance Forest Hills NY
- Group Life Insurance Franklin Square NY
- Group Life Insurance Fredonia NY
- Group Life Insurance Freeport NY
- Group Life Insurance Fresh Meadows NY
- Group Life Insurance Fulton NY
- Group Life Insurance Garden City NY
- Group Life Insurance Glen Cove NY
- Group Life Insurance Glen Oaks NY
- Group Life Insurance Glens Falls NY
- Group Life Insurance Gloversville NY
- Group Life Insurance Great Neck NY
- Group Life Insurance Hamburg NY
- Group Life Insurance Hauppauge NY
- Group Life Insurance Hempstead NY
- Group Life Insurance Hicksville NY
- Group Life Insurance Hilton NY
- Group Life Insurance Holbrook NY
- Group Life Insurance Hollis NY
- Group Life Insurance Hopewell Junction NY
- Group Life Insurance Horseheads NY
- Group Life Insurance Howard Beach NY
- Group Life Insurance Huntington NY
- Group Life Insurance Huntington Station NY
- Group Life Insurance Islip NY
- Group Life Insurance Ithaca NY
- Group Life Insurance Jackson Heights NY
- Group Life Insurance Jamaica NY
- Group Life Insurance Jamestown NY
- Group Life Insurance Kew Gardens NY
- Group Life Insurance Kings Park NY
- Group Life Insurance Kingston NY
- Group Life Insurance Lancaster NY
- Group Life Insurance Larchmont NY
- Group Life Insurance Latham NY
- Group Life Insurance Levittown NY
- Group Life Insurance Lindenhurst NY
- Group Life Insurance Little Neck NY
- Group Life Insurance Liverpool NY
- Group Life Insurance Lockport NY
- Group Life Insurance Long Beach NY
- Group Life Insurance Long Island City NY
- Group Life Insurance Lynbrook NY
- Group Life Insurance Mahopac NY
- Group Life Insurance Malone NY
- Group Life Insurance Mamaroneck NY
- Group Life Insurance Manhasset NY
- Group Life Insurance Manlius NY
- Group Life Insurance Maspeth NY
- Group Life Insurance Massapequa NY
- Group Life Insurance Massapequa Park NY
- Group Life Insurance Massena NY
- Group Life Insurance Mastic NY
- Group Life Insurance Melville NY
- Group Life Insurance Merrick NY
- Group Life Insurance Middle Village NY
- Group Life Insurance Middletown NY
- Group Life Insurance Mineola NY
- Group Life Insurance Monroe NY
- Group Life Insurance Monsey NY
- Group Life Insurance Mount Kisco NY
- Group Life Insurance Mount Vernon NY
- Group Life Insurance Nanuet NY
- Group Life Insurance New City NY
- Group Life Insurance New Hartford NY
- Group Life Insurance New Hyde Park NY
- Group Life Insurance New Paltz NY
- Group Life Insurance New Rochelle NY
- Group Life Insurance New Windsor NY
- Group Life Insurance New York NY
- Group Life Insurance Newburgh NY
- Group Life Insurance Niagara Falls NY
- Group Life Insurance North Babylon NY
- Group Life Insurance North Tonawanda NY
- Group Life Insurance Nyack NY
- Group Life Insurance Oakland Gardens NY
- Group Life Insurance Oceanside NY
- Group Life Insurance Ogdensburg NY
- Group Life Insurance Olean NY
- Group Life Insurance Oneonta NY
- Group Life Insurance Orchard Park NY
- Group Life Insurance Ossining NY
- Group Life Insurance Oswego NY
- Group Life Insurance Ozone Park NY
- Group Life Insurance Patchogue NY
- Group Life Insurance Pearl River NY
- Group Life Insurance Peekskill NY
- Group Life Insurance Penfield NY
- Group Life Insurance Pittsford NY
- Group Life Insurance Plainview NY
- Group Life Insurance Plattsburgh NY
- Group Life Insurance Port Chester NY
- Group Life Insurance Port Jefferson Station NY
- Group Life Insurance Port Washington NY
- Group Life Insurance Potsdam NY
- Group Life Insurance Poughkeepsie NY
- Group Life Insurance Queens Village NY
- Group Life Insurance Queensbury NY
- Group Life Insurance Rego Park NY
- Group Life Insurance Rensselaer NY
- Group Life Insurance Richmond Hill NY
- Group Life Insurance Ridgewood NY
- Group Life Insurance Riverhead NY
- Group Life Insurance Rochester NY
- Group Life Insurance Rockaway Park NY
- Group Life Insurance Rockville Centre NY
- Group Life Insurance Rome NY
- Group Life Insurance Ronkonkoma NY
- Group Life Insurance Roosevelt NY
- Group Life Insurance Rosedale NY
- Group Life Insurance Rye NY
- Group Life Insurance Saint Albans NY
- Group Life Insurance Saint James NY
- Group Life Insurance Saratoga Springs NY
- Group Life Insurance Saugerties NY
- Group Life Insurance Sayville NY
- Group Life Insurance Scarsdale NY
- Group Life Insurance Schenectady NY
- Group Life Insurance Selden NY
- Group Life Insurance Shirley NY
- Group Life Insurance Smithtown NY
- Group Life Insurance South Ozone Park NY
- Group Life Insurance South Richmond Hill NY
- Group Life Insurance Spencerport NY
- Group Life Insurance Spring Valley NY
- Group Life Insurance Springfield Gardens NY
- Group Life Insurance Staten Island NY
- Group Life Insurance Stony Brook NY
- Group Life Insurance Suffern NY
- Group Life Insurance Sunnyside NY
- Group Life Insurance Syosset NY
- Group Life Insurance Syracuse NY
- Group Life Insurance Tarrytown NY
- Group Life Insurance Tonawanda NY
- Group Life Insurance Troy NY
- Group Life Insurance Uniondale NY
- Group Life Insurance Utica NY
- Group Life Insurance Valley Stream NY
- Group Life Insurance Vestal NY
- Group Life Insurance Wantagh NY
- Group Life Insurance Wappingers Falls NY
- Group Life Insurance Watertown NY
- Group Life Insurance Watervliet NY
- Group Life Insurance Webster NY
- Group Life Insurance West Babylon NY
- Group Life Insurance West Hempstead NY
- Group Life Insurance West Islip NY
- Group Life Insurance Westbury NY
- Group Life Insurance White Plains NY
- Group Life Insurance Whitestone NY
- Group Life Insurance Woodhaven NY
- Group Life Insurance Woodside NY
- Group Life Insurance Wyandanch NY
- Group Life Insurance Yonkers NY
- Group Life Insurance Yorktown Heights NY
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