Voluntary Term Life Insurance

Underwritten by United of Omaha Life Insurance Company or Companion Life Insurance Company

Our voluntary term life insurance policy gives you the flexibility to design a custom life insurance plan for your clients. Useful services include payroll deduction, online resources, and, depending on group size and coverages offered, access to a specialized voluntary enrollment team.

Available features

  • Waiver of premium – flexible designs for elimination period, termination and disability definitions
  • Liberal benefit maximums and guaranteed issue amounts – options from $10,000 to $500,000
  • Living care benefit – options from 25 to 80 percent and $25,000 to $500,000
  • Dependent coverage – additional coverage for spouse and dependent children
  • Portability – options for both employee and spouse to easily maintain the features and benefits of their current coverage; ported coverage does not terminate when master policy terminates
  • Conversion – option to convert to individual whole
    life policy
  • Grief and healing support – information to help beneficiaries cope with the loss of a loved one

Additional choices for a custom package

Eligibility requirements

  • Minimum enrollment of 10 employees or 25 percent of eligible employees,
    whichever is greater
  • All active, full-time employees working 20 or more hours per week
  • Lawful spouse, and dependent children from 14 days to 21 years; 25 years
    if a full-time student

Guaranteed issue amounts

Review the guaranteed issue amounts table.