Supplemental Life

This Supplemental Life plan can provide needed additional income protection for you and your employees. It’s a great tool for planning a secure future – which is very important in today’s world.

Supplemental Life can provide additional income protection to pay off a mortgage, fund a child's education or provide a nest egg for loved ones.

      Coverage Details

• Under this plan, employees can choose coverage amounts starting at $5,000, and in $1,000 increments, go to a maximum of $500,000. 
• There is no minimum participation requirement.
• When an employee reaches age 65, benefits are reduced by 35% and are further reduced to 50% when the employee reaches age 70.
• Coverage ends at retirement or when the employee leaves the company.
• Employees can convert to an individual policy when they retire or leave the company.
• Employees must be actively at work on the effective date of coverage.
• Evidence of insurability is required for benefit amounts of more than $20,000, or if an employee is enrolling outside of initial eligibility.  Coverage will be effective the first of the month after approval.

Contact us for more information and pricing of the Supplemental Life products.

Group Term Life Insurance | Dependent Life Insurance | Universal Life Insurance