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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.

 

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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.

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What is the benefit amount?

  • You may elect a benefit amount in increments of $10,000 from a minimum of $10,000 to a maximum of $250,000 not to exceed 5 times your annual salary

  • 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

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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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​If you are a current enrolled employee, the Guaranteed Increase in Benefit (GIB) allows eligible employees to increase their Voluntary Term Life coverage by $10,000 each year to the contract maximum of the lesser of 5 times their annual salary or $500,000 without answering any medical questions.

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