What Is Voluntary Term Life Insurance at Life

What Is Voluntary Term Life Insurance. Most of these plans do not increase their premiums during the coverage period, and they don't build cash value through investments. What is voluntary term life insurance?

The employee pays the monthly premium to the insurance company offering the policy. Voluntary life insurance also covers you or a loved one in case of critical illness or total disability. Voluntary term life protects you and your family, but only for a certain period, such as 10 or 20 years.

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Ad affordable, flexible term life insurance at your pace. Employees pay a monthly premium in exchange for coverage. This is an optional term life insurance plan. Essentially, it’s a payout to loved ones if you die.