Voluntary life insurance gives you the chance to buy a greater amount of coverage through your company - it’s usually offered in addition to a basic plan that may be company-paid.
It is very important that you choose a beneficiary when you sign up for voluntary life insurance. If you can purchase voluntary coverage for your spouse or children, you will automatically be the beneficiary - but if you are purchasing coverage for yourself, you must name a beneficiary to be sure your benefit goes where you want it to.
Some plans require you to name your spouse as your beneficiary if you are married.
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Benefit
Optional. Offers your beneficiaries additional financial protection if you should die.
Elect in increments of $10,000, up to a maximum of $500,000.
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
$150,000 (age 64 and under)
$50,000 (age 65-69)
$10,000 (age 70+)
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Is EOI required?
Evidence of Insurability (EOI) is a statement of health, sometimes required by an insurance company before they will insure you.
Yes, for amounts over $150,000, unless you enroll when you first become eligible.
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Who pays for coverage?
You, if you choose to enroll
| Supplemental EE Life Insurance Plan | Supplemental Spouse Life Insurance Plan | Supplemental Child Life Insurance Plan |
|---|---|---|
BenefitElect in increments of $10,000, up to a maximum of $500,000. |
BenefitElect in increments of $10,000, up to a maximum of 50% of employee’s coverage or $250,000 (whichever is less). |
BenefitElect in increments of $2,000 up to $10,000. |
Guaranteed issue amount$150,000 (age 64 and under) $50,000 (age 65-69) $10,000 (age 70+) |
Guaranteed issue amount$50,000. |
Guaranteed issue amount$10,000 |
Is EOI required?Yes, for amounts over $150,000, unless you enroll when you first become eligible. |
Is EOI required?Yes, for amounts over $50,000, unless you enroll when you first become eligible. |
Is EOI required?N/A |
Who pays for coverage?You, if you choose to enroll |
Who pays for coverage?You, if you choose to enroll |
Who pays for coverage?You, if you choose to enroll |
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Benefit
Pays you a benefit if your spouse should die.
Elect in increments of $10,000, up to a maximum of 50% of employee’s coverage or $250,000 (whichever is less).
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
$50,000.
-
Is EOI required?
Evidence of Insurability (EOI) is a statement of health, sometimes required by an insurance company before they will insure you.
Yes, for amounts over $50,000, unless you enroll when you first become eligible.
-
Who pays for coverage?
You, if you choose to enroll
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Click To Download Plan Documents:
| Supplemental Spouse Life Insurance Plan | Supplemental EE Life Insurance Plan | Supplemental Child Life Insurance Plan |
|---|---|---|
BenefitElect in increments of $10,000, up to a maximum of 50% of employee’s coverage or $250,000 (whichever is less). |
BenefitElect in increments of $10,000, up to a maximum of $500,000. |
BenefitElect in increments of $2,000 up to $10,000. |
Guaranteed issue amount$50,000. |
Guaranteed issue amount$150,000 (age 64 and under) $50,000 (age 65-69) $10,000 (age 70+) |
Guaranteed issue amount$10,000 |
Is EOI required?Yes, for amounts over $50,000, unless you enroll when you first become eligible. |
Is EOI required?Yes, for amounts over $150,000, unless you enroll when you first become eligible. |
Is EOI required?N/A |
Who pays for coverage?You, if you choose to enroll |
Who pays for coverage?You, if you choose to enroll |
Who pays for coverage?You, if you choose to enroll |
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Benefit
Offers you and your spouse financial protection if your child should die. Available to dependents 14 days to 26 years if full-time students.
Elect in increments of $2,000 up to $10,000.
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
$10,000
-
Who pays for coverage?
You, if you choose to enroll
-
Click To Download Plan Documents:
| Supplemental Child Life Insurance Plan | Supplemental EE Life Insurance Plan | Supplemental Spouse Life Insurance Plan |
|---|---|---|
BenefitElect in increments of $2,000 up to $10,000. |
BenefitElect in increments of $10,000, up to a maximum of $500,000. |
BenefitElect in increments of $10,000, up to a maximum of 50% of employee’s coverage or $250,000 (whichever is less). |
Guaranteed issue amount$10,000 |
Guaranteed issue amount$150,000 (age 64 and under) $50,000 (age 65-69) $10,000 (age 70+) |
Guaranteed issue amount$50,000. |
Is EOI required?N/A |
Is EOI required?Yes, for amounts over $150,000, unless you enroll when you first become eligible. |
Is EOI required?Yes, for amounts over $50,000, unless you enroll when you first become eligible. |
Who pays for coverage?You, if you choose to enroll |
Who pays for coverage?You, if you choose to enroll |
Who pays for coverage?You, if you choose to enroll |
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