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Home > Business Banking > Employee Benefits > Group Insurance Plans
  • Group Insurance Plans

    Group insurance is a health care coverage plan in which employees or members are included under one master policy owned by the employer.

    Benefits of Group Insurance:

    • Group insurance is more affordable than a similar number of individual policies
    • Employees see group insurance coverage as a major perk for company service
    • Extended coverage for spouses and dependents can also provide peace of mind and a feeling of security

    In some cases, this service may consist of deposit and non-deposit products that may or may not be FDIC insured. Non-insured FDIC products are not considered a deposit of, obligation of, nor guaranteed by the bank, and are subject to investment risk including the possible loss of principal invested.