Voluntary Group Life Insurance
Nobody wants to talk about it, but according to a LIMRA study, 50 percent of U.S. households say they need more life insurance.1
With so many Americans living paycheck to paycheck, life insurance is a valuable tool to provide for our loved ones in the event of a premature death. Life insurance provides accessible funds for a family that just lost its breadwinner.
In addition, with more employers looking to stop offering employer-sponsored insurance,2 employees may be faced with taking additional responsibility for their life insurance benefits. Employees and their spouses may apply for our Voluntary Group Life insurance and/or Dependent Life insurance.
- No reduction of benefits in our standard plan. Our Voluntary Group Life insurance benefits do not reduce with age, thereby creating a consistent level of protection.
- Coverage. This valuable protection is available for employees, spouses and children.
- Portability. Employees often don’t work for the same employer forever, so our voluntary life benefits are portable.
- Accidental Death and Dismemberment Coverage. Coverage options may include the following additional features:
- Seat Belt Benefit
- Repatriation Benefit
- Common Disaster Benefit
- Day Care Benefit
- Air Bag Benefit
- Education Benefit
- Coma Benefit
- Spouse Training Benefit
1 Facts About Life 2013. Accessed 7/18/13.
2 McKinsey Quarterly, June 2011. “How U.S. Health Care Reform will affect employee benefits.