Whole Life Insurance (Voluntary)

What would your family do if you were gone tomorrow? Life insurance provides peace of mind with purchase options available for employees.

đź’™ Group Whole Life Insurance Features

  • Death Benefit: Lump-sum payment to beneficiaries if the insured dies before age 121.

  • Maturity Benefit: Lump-sum payment if the insured lives to age 121.

  • Cash Value: Builds over time and may be accessed through loans or withdrawals, subject to policy terms.

  • Financial Security: Helps protect loved ones and cover financial obligations.

  • Start Early: Applying earlier may offer lower insurance costs and more time for cash value growth.

✨ Optional Rider Benefits

  • Terminal Illness: Advance up to 75% of the death benefit (max. $100,000); premiums waived after payment.

  • Children’s Term: Level term coverage for eligible dependent children under age 26.

  • Spouse’s 20-Year Term: Optional 20-year term coverage for an eligible spouse.

  • Long-Term Care: Access 6% of the death benefit monthly for up to 34 months after a 90-day waiting period. Includes benefit restoration, extended coverage, and premium waivers while benefits are paid.

Riders are subject to eligibility, policy terms, exclusions, and state limitations.

How to use the benefit

Your beneficiary decides how to use the cash benefits upon your death.

Enrolling and changing

This voluntary insurance can be added to your existing coverage. Enroll within 31 days of your start date.

Each fall, you can change your plan during open enrollment. Outside of this period, changes are allowed within 31 days of a qualifying life events (e.g., marriage, divorce, or childbirth). For more information, contact human resources.

Forms and publications

Publications

GrandFathered Universal Life insurance 

Forms

Publications

Policy