Voluntary life insurance is coverage that you purchase at work, and pay for using a payroll deduction. You can only make post tax deductions for these programs.
It is different than group coverage that is paid by your employer, and individual policies you might buy directly from an agent. The primary advantage is access. The underwriting criteria may be more lenient, and you may have access to a licensed agent at work to help you choose the right options.
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It is different than group coverage that is paid by your employer, and individual policies you might buy directly from an agent. The primary advantage is access. The underwriting criteria may be more lenient, and you may have access to a licensed agent at work to help you choose the right options.