When Can I Purchase It?
Through Employer-Provided Group Life Insurance
If your employer offers group life insurance, you can purchase group life insurance when you are hired and during periodic open enrollment opportunities. Guaranteed coverage is available to you within 31 days of your hire or eligibility date for amounts up to $50,000 with no medical qualifications. Amounts over $50,000 require you to answer 3 simple questions to determine your eligibility (some additional information may be required based on your answers to determine your eligibility).
After the 31-day period, you can still apply for supplement life insurance within 6 months of your hire date, but are not guaranteed coverage.
How Do I Purchase Supplemental Group Life?
An offer letter will be mailed to your home. If you enroll within the deadline provided in the offer letter, you will receive guaranteed coverage in the amount of:
- $50,000 for you, the employee
- $10,000 for your eligible dependents