Employee Voluntary Life at Life

Employee Voluntary Life. This coverage ensures that if you die, your designated beneficiaries will receive a cash death benefit. Voluntary life insurance is also known as “eligible employee” life insurance because there are eligibility requirements for an employee to participate, such as requiring an employee to work over 30 hours per week.

The employee pays the monthly premium to. Typically, employers offer voluntary life insurance as an optional benefit; Voluntary group term life (vgtl) coverage allows you to select group life benefits that protect your family in the event of a loss of life.

You can offer voluntary benefits to your employees at no direct cost to you. Usable life has been helping employees protect their income with group term life insurance for over 30 years. You can offer voluntary benefits to your employees at no direct cost to you. Employers offer voluntary life insurance so that all employees have the opportunity to purchase the amount of insurance that they need at a group rate.