Life Products

Whether your company has two employees or 10,000, we have life insurance plans that help protect loved ones and provide stability when it’s most needed.

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Life insurance is something that no one likes to think about. All the same, 86 percent of Americans believe that life insurance is something most people need, and most of us have some. That's the good news.

The bad news is that most Americans don't have enough. More than a third don't have any life insurance at all, and those who are insured have coverage equal to less than four times their annual income. Most experts believe that coverage equal to 10 times one's annual income is a more reasonable rule of thumb.1

Blue Cross and Blue Shield of Louisiana offers a range of life insurance plans for your employees to choose from.

  • Through Southern National Life Insurance Company (SNL), Blue Cross and Blue Shield of Louisiana offers Basic Group Term Life/Accidental Death and Dismemberment and Voluntary Term Life/AD&D for groups with 50 members or less.
  • Through our partner, Equitable, Blue Cross and Blue Shield of Louisiana offers Basic Group Term Life/AD&D and Voluntary Term Life/AD&D for groups with 51 or more members.

Basic Group Term Life/AD&D (GTL)

Employee and dependent life coverage paid for by the employer.

Did you know…

  • Strong life insurance coverage is essential to creating a robust and competitive benefit package for your employees.
  • Life insurance offers your employees and their families a safeguard from many unexpected expenses if something should happen to them.
  • As an employer, you can offer this high-value benefit at a great price; and, employer-funded plans generally count as a business deduction for employers.

Voluntary Term Life/AD&D (VGTL)

Optional employee and dependent life coverage paid for by the employee through the convenience of payroll deduction.

Did you know…

  • Voluntary plans offer extra value to employees at no added cost to the employer's company. Premiums are payroll-deducted, which means benefits are convenient for employees and economical for employers.
  • Voluntary term life insurance is a way to provide the same protection as our Basic Group Term Life in a way that is cost-effective to both employers and their employees.
  • Employers can offer voluntary term life coverage with any Basic Life plan or as a stand-alone plan.
  • This option allows employees to purchase additional coverage above what an employer may offer with our Basic Life insurance. This helps provide financial stability and would protect employees' families from some unexpected expenses, if something were to happen to them.
For groups with 50 or less members: For groups with 51 or more members:

Source 1: LIMRA's Facts About Life (2016)

The policy has limitations and exclusions. Optional riders and/or features may incur additional costs. Plan documents are the final arbiter of coverage. Policy form/contract ICC18 MOEBPLI; ICC18 AXEBPLI; MOEBP0618 LI; AXEBP0618 LI and state variations.

Life for groups less than 51 enrolled administered by Southern National Life Insurance Company, Inc., a subsidiary of Blue Cross and Blue Shield of Louisiana. Life for groups 51+ administered by Equitable, an independent company. Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY); Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with main administrative headquarters in Jersey City, NJ; and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN). Group life insurance products are issued either by Equitable Financial or Equitable America, which have sole responsibility for their respective insurance and are backed solely by their claims-paying obligations. Some products are not available in all states.