What is Voluntary Term Life insurance?

Voluntary Term Life insurance, if selected by the employee, pays a lump sum of cash in the event of the insured’s death. It provides protection and stability for an employee’s family at a difficult time.

Employees can choose the appropriate level of coverage for their situation. Some coverage levels will be offered on a Guaranteed Issue basis, with the ability to qualify for additional higher coverage levels with medical underwriting.

Who should consider it?

If an employee is married, a single parent, or supporting a relative, having the option to purchase additional life insurance means they can continue to provide for a loved one even if the unexpected happens.

  • Key benefits

    Key benefits

    • Payments made directly to the beneficiary
    • Employees can choose their own coverage level
    • Dependent coverage available
    • Accelerated death benefits available
    • Easy payment through payroll deduction
    • Coverage is convertible and portable
  • Additional features

    Additional features

    Waiver of premium, medical evacuation and repatriation. Group Term Life can be supplemented with Accidental Death & Dismemberment insurance.

  • Application process

    Application process

    For information or to request a proposal for a Voluntary Term Life insurance policy underwritten by USAble Life, Principal Life or The Hartford, please contact your Mosaic Group representative. Coverage may be offered on a Guaranteed Issue basis, as determined by underwriting guidelines.1

  1. Subject to underwriting.