New York City Business Group - A Savvy Way to Buy Insurance

Group Life Insurance

A low-cost benefit that's consistently one of the most valued by employees.

Why Employers Offer Group Life Insurance

If you run a business with employees, you've likely discovered that attracting and retaining top-notch talent means offering a variety of benefits — and group life insurance is one of the most valued. When employees are offered life insurance at work, they almost always take it, which makes it one of the more efficient benefits to add relative to the cost.

How Group Life Insurance Works

Most group life plans are term life policies sponsored by the employer, often provided at a base coverage amount — commonly a multiple of an employee's salary — at little or no direct cost to the employee. Many plans also allow employees to purchase additional voluntary coverage on top of the base amount, and some let them add coverage for a spouse or dependents.

Why It Matters for Recruiting and Retention

Life insurance is one of those benefits people rarely think about until they need it — but its presence (or absence) is something candidates notice when comparing offers. Because group rates are typically far more affordable than what an individual could get on their own, it's a benefit that delivers real value to employees relative to what it costs the business to provide.

FAQ

Group Life Insurance — Frequently Asked Questions

How much life insurance coverage do employees typically get?
Base coverage amounts vary by plan — a common structure is a flat amount or a multiple of the employee's salary, provided at little or no cost. Many plans also let employees purchase additional voluntary coverage if they want more.
Can employees add coverage for a spouse or dependents?
Many group life plans offer this as an optional add-on, usually at the employee's expense. Availability depends on the specific plan you choose.
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Why NYC Business Group

What you actually get, working with us

01

We shop the market for you

Instead of one carrier's quote, we compare rates across our network — so you see the best available price without doing the legwork yourself.

02

Coverage built for your team

Every business is different. We match your plan design to your team's size, budget, and priorities — not a one-size-fits-all package.

03

Two decades of local expertise

20+ years serving Staten Island, Brooklyn, Manhattan, Queens, the Bronx, and Nassau — we know this market because we work in it every day.

From Our Clients

Trusted by New York business owners

★★★★★

"Carmelo DeFranco and the team at NYC Business Group have been my trusted advisors for Medicare for years. Their genuine care and guidance remind me of the support you'd get from a close family member."

Teresa P.
★★★★★

"NYC Business Group has consistently provided my company with competitive insurance options. Their team is attentive and responsive whenever we have inquiries or need assistance."

James C.

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