Voluntary Term Life Insurance

With voluntary term life insurance, 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
• Total Access Benefit Services – a secured, interest-bearing checking account for beneficiaries with benefits of $10,000 or more
• 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
• FMLA Administration – full-service assistance with Family Medical Leave Act (FMLA) Administration
• Travel Assistance – help during emergencies away from home
• 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 30 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
10-99	$25,000	$50,000
100-249	$50,000	$100,000
250-999	$75,000	$150,000
1,000-4,999	$100,000	$200,000
5,000 +	$150,000	$300,000

For more information

Contact your benefits adviser or local group sales and service office.

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