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Voluntary Life Insurance

Rose Management Group is also offering you the option to purchase Voluntary Term Life and AD&D insurance from OneAmerica.

 

What is Voluntary Term Life insurance?

Voluntary Term Life insurance is life insurance that you purchase for a set period of time. It can be used to ensure your family is able to replace your earnings and potential future earnings if you die. That money can be used to pay your final expenses and to cover housing, household debts, education and more when your income is no longer available. Having Voluntary Term Life insurance is a way to have peace of mind that your family will be protected.

What is the benefit amount?

  • You may elect to increase your benefit amount by $10,000 annually to a maximum of $250,000, not to exceed 5 times your annual salary, without EOI, unless you have been declined in the past. If you have been denied additional coverage, you would need to complete and new Evidence of Insurability(EOI) in order to qualify for any additional coverage.

  • Your spouse is eligible for up to $130,000 in coverage

  • Your dependent children(ren) are eligible for: $2,500, $5,000, $7,500 and $10,000

What is the guaranteed issue amount?

  • Your guarantee issue amount is $100,000

  • Your spouse guarantee issue amount is $25,000

  • Your dependent children(ren) guarantee issue amount: $2,500

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