Group Voluntary Supplemental Life Insurance
Additional Life Insurance Coverage for Employees
Group voluntary supplemental life insurance that allows employees to enhance their coverage for greater financial protection.
The Problem
Most group life insurance policies only cover 1–2 times an employee’s salary. While this may handle funeral costs or immediate expenses, it often leaves families without enough support for:
Mortgage payments
College tuition
Long-term living expenses
Employees who want more peace of mind may feel underinsured and without options through work, they’re left to find costly coverage on their own.
The Plan
Group Voluntary Supplemental Life Insurance allows employees to purchase additional coverage on top of the employer-provided life insurance. Because this benefit is voluntary:
Employees pay their own premiums, often through payroll deduction.
Employers can sponsor the plan without significant added cost.
Employees may choose term or whole life insurance options.
Why Employees Appreciate It
Easy enrollment with simplified medical underwriting.
Access to coverage they might not qualify for individually.
Option to take (or “port”) their policy with them if they leave your company.
Why It Matters for Employers
Even if you already provide a group life insurance plan, voluntary supplemental coverage:
Expands your benefits package at little to no cost to you.
Gives employees flexibility to choose what fits their family’s needs.
Builds goodwill and loyalty by helping protect what matters most to your team.
How It Works
Employer sponsors the plan with no or minimal cost.
Employees decide if they want to add coverage.
Premiums are deducted easily from payroll.
Families are protected with the level of coverage employees choose.
The Result
With Group Voluntary Supplemental Life Insurance:
Employees gain peace of mind, knowing their loved ones are financially protected.
Employers strengthen retention, offering benefits that show real care.
Your business stands out as one that goes beyond the basics to support families.
Contact us today to learn how supplemental life insurance can add value to your benefits package.
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