Life Insurance Options from DAKOTACARE

DAKOTACARE works with several different carriers to provide group term and supplemental term life insurance. It gives your employees peace of mind that their loved ones are protected. DAKOTACARE handles the administration, giving you ease of use and a valuable corporate tax deduction.

Group Term Life Insurance

Basic coverage can be tailored to fit the needs of most employee groups. The benefit schedule may be based on a fixed dollar amount, job classification or a salary multiplier. Most group term insurance policies include an amount of Accidental Death and Dismemberment (AD&D) Insurance that is equal to the amount of life insurance provided.

Waiver of Premium Benefits are available if an employee becomes totally disabled before age 60 and remains disabled for 6 months.

Another available benefit is the Accelerated Death Benefit. If an insured employee becomes terminally ill with a life expectancy of 12 months or less, the accelerated death benefit pays a portion of the life insurance benefit while the employee is still living.* Extension coverage once an employee is no longer actively working due to disability, and conversion coverage are also available.

*Receipt of this benefit may be taxable or may adversely affect the employee’s eligibility for Medicaid or other government benefits or entitlements. It is recommended that anyone thinking about filing for an accelerated death benefit obtain professional tax counsel first.

Supplemental Term Life Insurance

Supplemental Term Life Insurance allows employees to purchase additional life insurance in addition to what may be provided through Basic Group Term Life Insurance. This benefit may be offered to employees on a voluntary basis, and may be offered to employees, spouses and dependent children. Different carriers have different eligibility requirements and also different group size and participation requirements.


For more information on any DAKOTACARE product or service, contact the DAKOTACARE Sales and Marketing Department at (605) 334-4000 or (800) 325-5598, or your local DAKOTACARE agent.