Supplemental Employee Life Insurance at Life

Supplemental Employee Life Insurance. How does supplemental life insurance work? Payments are typically handled by your employer, which deducts the.

If eligible, you may purchase supplemental life insurance coverage in $10,000 increments, up to a maximum benefit of $300,000. Supplemental spouse life insurance covers the life of your spouse. For example, you might get coverage equal to one year's salary for free.

Employee Benefits Trinity Transportation

The supplemental life insurance plan has the same benefit reduction schedule utilized with the basic life insurance plan for covered employees age 60 and older, per the benefits reduction table. As with basic coverage, it usually can be bought in the form of a multiple of your annual salary. You may find that your workplace supplemental life insurance is a type of burial insurance policy. It’s often provided as a workplace benefit.