Voluntary Term Life Insurance

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

With coverage through an voluntary term life insurance policy, your employees have the freedom to select adequate levels of life insurance coverage to protect the well-being of their families. And, since premiums are paid entirely by the employee, there is no additional cost to your company.

Included features

  • Waiver of premium – flexible designs for elimination periods, 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 – 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

Optional add-ons

  • Accidental death & dismemberment – several unique suites including travel, family and catastrophe
  • AbsencePro** – full-service assistance with Family Medical Leave Act (FMLA) administration and Americans with Disabilities Act (ADA) administration.
  • Travel Assistance* – help during emergencies away from home
  • Will Preparation – a unique benefit available through your Mutual of Omaha life insurance coverage, a free online will preparation services
  • Employee Assistance Program – Basic and Comprehensive plans available
  • Annual Increase Allowance – annual coverage increase of $10,000 without evidence of insurability

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

Number of Employees
20-24 percent
of employees enrolled
25 percent +
of employees enrolled
5,000 +