Basic life insurance provided by your employer is a good employee benefit, but the amount of coverage may not cover your obligations if you were to suddenly pass away.
Voluntary Group Term Life insurance policy issues a cash benefit to your designated beneficiary in the event of your passing. This money can be used toward anything from final costs to paying off any remaining debts; like your mortgage, car loans or student loans.
It is the most affordable form of life insurance and is typically available to you, your spouse and dependent children.
***NEW CARRIER** Open Enrollment Guaranteed Issue of $250,000 for the 2024-2025 Plan Year. Evidence of Insurability will not be required. You can elect Life insurance in increments of $10,000 up to a maximum of $750,000, not to exceed 5 times your salary.
If you elect coverage over the guaranteed issue amount, an Evidence of Insurability Form is required by Guardian. Health questions must be answered, and your spouse is subject to approval.
To view the outline of benefits of a specific plan design, click on the corresponding icon. All costs shown below are per pay period, unless otherwise noted.