Business owners have the option of purchasing group life insurance plans for their employees and their families.  Pan-American Life’s group life insurance policies provide coverage for individuals through their place of employment, with premiums paid by the employer through payroll deduction. 

• Final expenses incurred for funeral and burial
• Paying off a mortgage or any other outstanding personal or business debts
• Replacement of income for family to maintain their standard of living
• Paying  for children’s education

• Accelerated Death Benefit
• Member can collect up to 50% of the death benefit (to a maximum of $100,000) if diagnosed with a terminal illness.

• If a member should leave the company for any reason, coverage can continue by the member simply paying the premium.  Coverage continues while the group policy is in effect and the premiums are paid.

• Conversion policies are available for member life coverage.

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