Voluntary Life Benefits

Life insurance helps to ensure that your family and loved ones are protected against financial difficulties in the event of a premature death.

Whether you are looking for an employer-funded term life plan for your employees and/or the opportunity for employees to purchase additional life insurance for themselves or for dependents, we can help find a quality plan at affordable rates.

Types of Life Insurance:

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Term Life Insurance: Term life insurance provides protection for a specified period of time. A death benefit is paid to the beneficiary if the insured dies within a specified period of time while the policy is still in force.

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Whole Life Insurance: Whole life insurance is permanent life insurance and provides protection for life. As long as premiums are paid, a death benefit is paid to the beneficiary. The premiums for whole life insurance policies are designed to remain level over time. In addition, these policies accumulate cash values on a tax-deferred basis.

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Universal Life: Universal life insurance is permanent life insurance. As long as premiums are paid, a death benefit is paid to the beneficiary. These policies are different from whole life insurance policies because they offer the policy owner some flexibility to change the premium payments and death benefit. The death benefit may be increased subject to insurability or decreased, and the premiums can also be increased and decreased as well as skipped. Universal life insurance policies may be purchased with one of two different death benefit options.