Voluntary: employee
Voluntary life is available to groups with five or more eligible employees. Employees receive competitive group rates and pay premiums through the convenience of payroll deductions—it’s a simple way for them to buy the life insurance they need.
Voluntary employee term life
| Available coverage |
Minimum |
Maximum |
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|
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- Groups with 5 to 50: $250,000
- Groups with 51 and more: $500,000
- Not to exceed the lesser of six times annual salary or $1 million combined with basic term life
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