Voluntary Term Life Insurance
Underwritten by United of Omaha Life Insurance Company or Companion Life Insurance Company
Our voluntary term life insurance policy gives you the flexibility to design a custom life insurance plan for your clients. Useful services include payroll deduction, online resources, and, depending on group size and coverages offered, access to a specialized voluntary enrollment team.
Available features
- Waiver of premium – flexible designs for elimination period, 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 – additional 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
Additional choices for a custom package
- 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, Enhanced 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
Review the guaranteed issue amounts table.