Strengthening, Educating,
& Engaging Nonprofits

 
        
 
  Login  New Acct Set Up 
 
 
 
Home
 
 
 
Strengthen
 
 
 
Educate
 
 
 
Engage
 
 
 
Membership
 
 
 
Give
 
 
 
About Us
 
 
 
Press
 
 
 
 MembershipBenefitsInsurance & Employee BenefitsTerm Life     May 17, 2012  
Term Life Minimize

A national survey of benefits offered in nonprofit organizations clearly demonstrates that larger organizations are more likely to provide reasonably priced group life insurance to their employees. Only 29% of organizations with budgets under $250,000 offer life insurance, while life insurance is offered in 98% of organizations with budgets over $10,000,000.

If you've been looking for Group Term Life to offer to your employees, but have been told that your business doesn't qualify or the premium is more that you want to pay, Maryland Nonprofits has a solution. If you are an employer group of two or more, and a Maryland Nonprofits member, you are eligible for affordable Group Life. Maryland Nonprofits sponsors a comprehensive life insurance program on a guaranteed issue basis  (no medical underwriting needed) exclusively through Gorges & Co.

Group Term Life and AD&D plans can be written for 100%, 200% or 300% of an employee's salary (or in increments of $10,000) up to a maximum $130,000. Coverage is guaranteed issue at $15,000, $30,000 or $50,000 depending on the size of your group at time of enrollment.

To inquire, please email the following information to Allison Albert:

  1. Company contact information (address, phone, general email)
  2. Number of employees that will be covered by insurance
  3. Hours worked by each employee (must be at least 20+/week)
  4. Dates of birth for each enrolling employee
  
 
Member Pricing Minimize
Monthly premiums per $10,000 worth of coverage 
 

 Age

Cost 

 24 or less

 $1.40

 25-34

 $1.60

 35-39

 $1.90

 40-44

 $2.60

 45-49

 $3.80

 50-54

 $5.70

 55-59

 $8.60

 60-64

 $13.20

 65-69

 $20.00

 70-74

 $38.60

 75+

 $69.90

  
 

 
For More Information Minimize
Contact Allison Albert, Maryland Nonprofits' Manager for Marketing and Member Benefits, at 443.438.2346.
  
 
Maryland Nonprofits' Resources Minimize
  
 
410.727.6367 -- 1500 Union Ave, Suite 2500, Baltimore, MD 21211 -- 8720 Georgia Ave, Suite 303, Silver Spring MD, 20910
 
 Copyright 2011 Maryland Nonprofits - 410.727.6367   Terms Of Use  Privacy Statement