Life Insurance

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 2 or more and a member of the Maryland Association of Nonprofit Organizations, you are eligible for affordable Group Life. Maryland Nonprofits sponsors a comprehensive life insurance program on a guaranteed issue basis exclusively through Gorges & Co. (Guaranteed issue means that there is no medical underwriting needed.)

Group Term Life and AD/D:

100%, 200% or 300% of salary (or 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.

Monthly premiums per $10,000 of coverage:

For more information, contact Nancy Hall at Maryland Nonprofits' Baltimore office.