What Is Voluntary Life Insurance Coverage?
11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateWhat is voluntary life insurance? Voluntary life insurance is usually something you'll find in the workplace offered through your employer's HR office. The voluntary means it's an optional benefit choice for an employee. Usually voluntary life is sold on a guaranteed basis with little to no underwriting. Again since the few questions, the higher the cost or the lower the benefit.Answered on June 7, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.Voluntary life insurance is life insurance offered at the place employment that employees (or employees' family members) purchase out of their own pockets. The premiums for voluntary life insurance are not paid by the employer. A certain amount of coverage is guaranteed issue for the employee; beyond that amount health questions must be answered. Family members usually need to qualify medically.Answered on June 7, 2013flag this answer
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