Home » Employee Benefits » Group Voluntary Supplemental Life Insurance
Group voluntary supplemental life insurance adds additional benefits.
Group life insurance might not be enough coverage for your employees’ needs. That’s where group voluntary supplemental life insurance comes in.
Additional coverage for when your employees need it.
Group life insurance policies often only cover up to one to two times the employee’s annual salary, which may not fund a child’s education or pay down a mortgage. Because employees pay the premiums themselves, this voluntary coverage often won’t cost the employer much, if anything at all.
How is voluntary group life insurance different?
With standard group life insurance, the employer usually pays for most or all of the premium. Voluntary supplemental life insurance is an optional benefit sponsored by the employer but usually paid for in full by the employee, often payroll-deducted.
Do your employees need additional coverage?
Whether or not your employees need this coverage primarily depends on their health, eligibility for their own policy, and whether they need more coverage than they currently have.
When choosing a plan, keep portability in mind.
Employer-provided life insurance is typically not portable, meaning coverage is canceled when an employee leaves. Voluntary policies typically allow the employee to take the policy with them, often at the same rates.
Questions about offering group voluntary supplemental life insurance to your employees? Contact us to help you weigh the options for your business.
Group Voluntary Supplemental Life Insurance Quote Request
Let’s Get Started
- STEP 1 — Fill out the form.
- STEP 2 — Review your options with us.
- STEP 3 — Get the coverage you need.
Don’t like forms? Contact us at 415-946-7777 or email us.
