Optional Term Life Insurance provides additional coverage — up to two times your annual salary when you retired (Election 1 or 2). Maximum coverage is $400,000. The monthly premium is …

Feb 22, 2025 · What Is Optional Life Insurance and How Does It Work? Understand how optional life insurance works, including key policy features, legal considerations, and factors that may …

Nov 13, 2025 · Voluntary life insurance is an optional policy that employers offer to employees as part of a benefits package. The types of voluntary life insurance available can include whole, …

It's a life insurance policy often referred to as voluntary, supplemental, or optional life insurance, that you purchase voluntarily at work.

May 30, 2025 · Basic employee life insurance only provides a specific amount of coverage, but it is paid for by the employer at no cost to you; voluntary life insurance is optional coverage that …

Learn more about life insurance options and compare policies to fit your needs. Prudential makes it easy to get a quote and buy a life insurance policy online.

Term life insurance pays a specific lump sum to your loved ones and provides coverage on your life for a specified period of time – usually from one to 20 years. If you stop paying premiums, …

To get Optional Life Insurance, you usually need to provide medical evidence. This could mean filling out a health questionnaire or undergoing a medical exam. The insurer uses this …

Oct 13, 2025 · Optional term life insurance, or supplemental term life insurance, serves as an enhanced layer of protection beyond the basic term insurance employees access through …

FEGLI provides group term life insurance. As such, it does not build up any cash value or paid-up value. It consists of Basic life insurance coverage and three options.