According to a company news release, the new product only requires a single premium payment and enrollment process. Depending on company size, employers will be able to choose from three coverage packages – Gold, Silver and Bronze. The package is available for employers with as few as three employees. For companies with 25 to 500 employees, coverage is guaranteed without requiring individual underwriting.
Further, Guardian said, combined premiums with only three age bands allow for simplified billing and enrollment while automatic payroll deduction can ease program administration burdens.
For more information, go to www.glic.com .