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Voluntary
Products Life Insurance
Voluntary
Life Insurance allows employees to purchase Life Insurance for themselves
and family members with no cost to the employer. Most Voluntary
Life Insurance products that Watson Insurance offers are available
on a guaranteed issue or simplified issue basis. Guaranteed issue
means that there are no medical questions asked, and an employee
is guaranteed coverage up to a certain coverage amount. Simplified
issue means that some medical questions may need to be answered
in order for an employee (or family member) to be able to purchase
life insurance. The life insurance products offered by Watson Insurance
generally include the following features:
- Portability
- if an employee leaves employment, they can take their policy
with them at the same rate coverage amount.
- Provides
coverage for dependents - an employee can purchase life insurance
for their spouse, children, and/or grandchildren at low group
rates.
- No
participation requirement.
- Waiver
of premium provision.
If
you would like to request a quote for voluntary life insurance,
please click here.
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