Some of our staff is working remotely from their homes. We are committed to continuing to provide the service you have come to expect, and will still be answering phone calls and responding to emails in a timely manner.
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JMG

Personal, Business & Specialty Insurance Brokerage

Our Locations 1-844-304-7332
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Employer Benefits

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› Life And Health Insurance › Employer Benefits

Group of employees on group benefitsThe JMG Insurance Agency understands the importance of retaining an outstanding workforce, which is why we recommend a strong group benefits plan to our business clients. Employer-sponsored benefits contribute to local economic growth because they can attract the best and brightest workers in the area. Employees have an incentive for staying with a company for a prolonged period of time, reducing the turnover rate, while companies earn a reputation in the community for being a desirable place to work.

A number of factors go into putting together a group insurance package, and the cost is usually the number-one concern for business owners. JMG’s Benefit team has access to carriers nationwide, which allows for the most competitive options to tailor a package that suits your business and makes your employees happy without breaking your business budget.

Employer Benefit Programs:

  • Medical insurance (Traditional, High Deductible, HSA, HRA, Level-Funded, ASO)
  • Dental insurance
  • Vision plans
  • Disability insurance
  • Life insurance
  • Voluntary products
  • Travel Medical
  • Specialty programs
  • Hawaii Temporary Disability Insurance

Executive Benefit Programs:


Every successful business has one or multiple employees who are responsible for the success of the business. When a business loses one of these key people, it may suffer a tangible financial loss resulting in a reduction of earnings, disruption of management, replacement costs, credit problems and more.

The solution is Key Employee Life Insurance.   
Key Employee insurance is a life insurance policy that a company purchases on the life of an owner, a top executive, or another individual considered critical to the business. It can help protect your company in the case of an untimely death or disability of a top salesperson, executive or business owner.  

Proceeds from Key Employee Life Insurance can be used to
Fund the purchase of a deceased shareholders ownership interest in the business.
Provide a financial reserve during the adjustment period to replace lost profits, locate, hire and train a replacement.

The bottom line is that Key Employee Insurance can provide the financial lifeline your business needs following the loss of a key employee.


A buy/sell agreement, also known as a buyout agreement, is a contract funded by a life insurance policy that can help minimize the turmoil caused by the sudden departure, disability or death of a business owner or partner.

Many business owners choose one of two buy/sell agreements life insurance plans:

A Cross Purchase Plan – a cross purchase agreement depends on each business owner buying a life insurance policy on each of the other owners. Then, when and owner dies, the remaining owner use the payout from the life insurance policy to buy the deceased owner’s share of the business.

An entity purchase, or stock redemption plan – each employee-owner enters into an agreement with the business to sell their interest in the business. As part of the agreement, the business buys life insurance policies on the lives of each owner. The business pays the premiums and therefore exists as the owner and the beneficiary of the policy. When an employee-owner dies, the shares of the company passes to the heir of his or her estate. Then the business can use the policy’s death benefit to buy the interest from the estate.

Contact The JMG Insurance Agency

The JMG Insurance Agency is experienced in working with all businesses. No matter the nature of your business, we can help determine the best course of action for insuring your employees and Key Employees. If you’re ready to transform your business with group benefits, and work with a team of talented insurance brokers, click here to fill in a contact form.  

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JMG Insurance Corp has been serving the insurance needs of our clients in Connecticut, New York, New Jersey, Massachusetts, Rhode Island and Hawaii since 1916.

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JMG Insurance Corp 29 Haviland Street Norwalk, Connecticut 06854 1-844-304-7332 1-203-857-7848

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