Standard Life Short Term Medical Insurance

Offering group life and accidental death and dismemberment insurance

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DEDUCTIBLE

A deductible is the amount an enrollee must pay for covered medical services before an insurance plan will start covering costs. Generally, the lower the deductible, the higher the premium the member must pay.

Qualifying Health Insurance (or Coverage):

Coverage that is compliant with the Affordable Care Act so that policyholders are not liable to the shared responsibility tax.

Globe Life’s Accidental Death Insurance Rider

Globe Life lets you buy an accidental death rider for its term life or whole life insurance policies. This rider will provide an extra life insurance payout if the insured person dies accidentally. Deaths from illness, such as cancer or heart disease, would not be covered by this accidental death rider.

Will Reliance Standard group life insurance be enough coverage?

Are you concerned that your group life insurance from Reliance Standard won’t be enough life insurance coverage? This is a common concern many people with group life insurance policies have.

Reliance Standard wants to give you peace of mind as well as quality group life insurance. That is why the company allows eligible members to purchase voluntary group life insurance as a way to supplement the life insurance coverage they get with their group benefit plans.

Reliance Standard allows eligible employees to purchase additional group term life coverage for themselves, their spouses, and their children as well, on top of their employee benefits insurance plans.

You can also choose just to buy extra life insurance coverage for your spouse and children if you feel like the benefits you receive as part of your group life insurance plan are sufficient coverage for yourself.

Voluntary group term life insurance policies offer employees the flexibility to add the coverages they feel like they need at the great prices afforded by group insurance. The best part is that these costs can be added as a payroll deduction to your paycheck so you don’t have to worry about paying premiums.

Whats the bottom line?

This company offers group life insurance and voluntary group life insurance amongst a host of other employee benefits. Reliance Standard has high financial ratings and a good line of insurance products for businesses and organizations.

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Rates

Standard Life and Accident does not offer online quoting. So we are unable to provide accurate health and life insurance rates. However, quotes can be obtained by calling a toll-free number, or by contacting a local agent.

This is a big enough company that, although they are agent-driven, we would like to see online quoting at the very least for the life insurance products they offer.

The Bottom Line

Standard is a good-sized company that has a long history and appears to be stable. The minimal information on products and the lack of rates and reviews make it very difficult to form any solid opinion as to the value and service they offer.

Globe Life Quick Facts

  • Headquarters: McKinney, Texas
  • How to buy Globe Life insurance: Globe Life policies are available online, over the phone, through an agent or by mail.

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