Benefits & Wellness Division
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Frequently Asked Questions
VOLUNTARY TERM LIFE INSURANCE
Voluntary Term Life Insurance allows you to purchase additional life insurance to protect your family's financial security. Coverage is provided by Voya Financial.
|Employee Voluntary Term Life Amount||Can elect from $10,000 to $500,000 in increments of $10,000. Guaranteed issue amount is $300,000* or $150,000* for age 60 and over for new hires only.|
|Spouse or Domestic Partner Voluntary Term Life Amount||Can elect from $10,000 to $500,000 in increments of $10,000 not to exceed 100% of Employee's Supplemental Life Insurance amount. Guaranteed issue amount is $50,000.*|
|Child(ren) Voluntary Term Life Amount||Can elect $5,000 or $10,000 (from 6 months to age 26). Guaranteed issue amount is $10,000.|
Note: Married employees are not eligible for spouse coverage if the other spouse enrolls in Voluntary Term Life Insurance.
*$20,000 of AD&D is included in this policy at no additional cost.