Group Coverages

Security Mutual began offering group products in 1944. Since then, we have been a leader in providing insurance protection for the foundation of America's economy, its workers. Through innovative product design and marketing strategies, Secure Benefit SolutionsSM helps meet the needs of its policyholders.

Secure Benefit SolutionsSM offers a full line of high-quality products at competitive rates. The following is a brief review of these products. . . maybe the one you've been looking for!

For additional information, contact your nearest Workplace Benefits Division Field Office.

Group Term Life and Accidental Death and Dismemberment

Valuable group life insurance coverage for groups of ten or more employees. Competitive guaranteed issue limits; up to $500,000 based on group size. Dependent life for spouse and children is available.

Group Voluntary Term Life

Voluntary coverage for employees, spouses, and dependent children. A level of guaranteed issue coverage is available for employees. Employee AD&D coverage is available. Life coverage is portable in most states.

Group Voluntary Short & Long Term Disability

Employer sponsored and employee paid plans provide 50 percent or 60 percent replacement of income due to illness or injury up to liberal weekly and monthly maximums.

Employers Group Benefits Trust for Small Firms

Weekly Disability Income

Protects a selected percentage of the employee's basic wages for an established period of time in the event the employee is unable to work due to illness or injury. Benefits available according to group size.

Group Long-Term Disability

Provides employees with financial assistance when income loss results from a serious and prolonged disability. Choice of benefit percentage up to a maximum of $10,000 monthly. Choice of several elimination periods available. Benefits include partial disability and survivor benefit. Many available options to meet the needs of most employees.

2/24 Select For Small Firms

Employers Group Benefits Trust, underwritten by Security Mutual Life Insurance Company of New York and administered by Managing Agency Group, will provide your small-employer clients with high-quality insured benefits designed for firms of two to twenty-four employees. Life, AD&D, Dependent Life, Short and Long-Term Disability coverages are available to most firms.

Statutory Disability Benefits

  • Benefits conform to the then-current state-mandated benefits.
  • Benefits are payable for a maximum of 26 weeks (within a consecutive 52 week period).
  • Benefits commence on the eighth consecutive day of disability.
  • Benefits are paid retroactive to the first day if disabled for three weeks or more.

New York State Disability Benefits Law (DBL)

Provides cash payments to employees for replacement of lost wages due to illness or injury occurring off the job. Security Mutual's DBL plan provides risk-bearing protection to the employers and financial responsibility to the employees in the event an off-the-job disability results in lost wages.

New Jersey State Temporary Disability Benefits (TDB)

TDB Provides cash payments to employees for replacement of lost wages due to illness or injury occurring off the job. Security Mutual's DBL plan provides risk-bearing protection to the employers and financial responsibility to the employees in the event an off-the-job disability results in lost wages.

Group Life and AD&D for Voluntary Emergency Service Organizations Life Benefits (VESO Trust)

Underwritten by Security Mutual and administered by Granite Capital Holdings, Inc., VESO is group life coverage for active members of volunteer fire and volunteer emergency squads and their dependents. Click here for additional information regarding the VESO program.

Some of the above products are not available in all states. Each policy contract form has certain exclusions, limitations and terms for keeping the coverage in force. This material is intended to provide only an overview of the plan; it is not a contract. If there is a conflict between the summary information and the contract, the language of the contract will control.