Group Insurance Programs

Our Group Insurance programs are designed for employer groups, union groups, and various associations of all sizes. Hawaii Insurance Consultants is committed to providing the best coverage at competitive rates and we will issue policies only through companies with an A.M. Best Rating of "A" (Excellent) or better.

Why Life Insurance?

Life insurance is a means of providing supplemental income in case of death. In addition, certain types of policies can provide "living benefits" such as cash accumulation, emergency loans and retirement income.

What is Term Life Insurance?

Term insurance provides death protection for a "term" of one or more years. Death benefits are paid if the death occurs within the covered period. Some term policies are "Convertible." This means that before the policy expires, you may convert the term policy to a permanent policy without any medical examination.

What is Whole Life Insurance?

Whole Life insurance provides a level death benefit at a level premium. Although one may pay higher premiums than term insurance, premiums remain constant over the life of the policy for as long as one lives. Whole Life policies develop "cash value," which is a separate account that accumulates cash value and can be used to pay future premiums or be borrowed against.

What is Universal Life Insurance?

Universal Life insurance is similar to Whole Life insurance in that it too, provides "cash value." Universal Life insurance, though, gives you more flexibility to vary the premium payments or the policy benefit amount, as one’s needs change. The tradeoff for this flexibility is in the growth of the cash value.