Supplemental Term Life Insurance at Life

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Supplemental Term Life Insurance. Based ministers additional/supplemental term life insurance. In many cases, these policies offer coverage in multiples of the employee’s annual salary.

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Note that supplemental life insurance costs are based largely, and sometimes completely, on your age. A good value depends on your age and the product, health, and amount of coverage you’re seeking. Employees may elect coverage up to five times their annual wage with a maximum of $750,000 for self and $500,000 for spouse.

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Private supplemental term life insurance may be the best option for many individuals. If you leave the job, you’ll typically lose the workplace life. Coverage that pays out if you're seriously hurt or killed in an accident. Supplemental life insurance is, as you might guess, a form of additional life insurance.