Multiple group life policies can be written to 'simplify' employer experience
Employee benefits specialist Unum has launched Excepted Group Life Policy (EGLP) Master Trust, a life insurance solution designed to allow employers to offer multiple group life policies to their staff. The offering, which allows Unum to write multiple group life policies under a single ‘Master Trust', has been created to save employers time and reduce administrative burden associated with managing group life policies. According to research by Group Risk Development (GRiD), 46% of employers do not offer group life protection to their staff, and 24% do not offer it because it is too e...
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