Voluntary life insurance gives you the chance to buy a greater amount of coverage through your company—it’s usually offered in addition to a basic plan that may be company-paid.
It is very important that you choose a beneficiary when you sign up for voluntary life insurance. If you can purchase voluntary coverage for your spouse or children, you will automatically be the beneficiary—but if you are purchasing coverage for yourself, you must name a beneficiary to be sure your benefit goes where you want it to.
Some plans require you to name your spouse as your beneficiary if you are married.
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Benefit
Optional. Offers your beneficiaries additional financial protection if you should die.
Elect in Increments of $10,000. You must purchase a minimum of $10,000 and can elect a benefit up to a maximum of $500,000 or 5x your salary, whichever is lesser.
AD&D
The AD&D must be equal or less than the requested life insurance.
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
New hires are eligible to elect up to the guaranteed issued amount of $150,000 without completing an EOI. An EOI is required for amounts over the EOI if a new hire and for any amount elected during open enrollment.
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Is EOI required?
Evidence of Insurability (EOI) is a statement of health, sometimes required by an insurance company before they will insure you.
Yes.
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Who pays for coverage?
You, if you choose to enroll
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Click To Download Plan Documents:
- All Active Full-Time Employees Earning $150,000 or more annually Plan Summary
- All Active Full-Time Employees Earning Less Than $150,000 annually Plan Summary
- All Active Part-Time Employees Plan Summary
- All Active Full-Time and Part-Time Employees Voluntary Life Rate Sheet
- Wedgewood How to file a claim Flyer
- All Active Full-Time Employees Earning $150,000 or more annually Certificate
- All Active Full-Time Employees Less than $150,000 Certificate
Voluntary Employee Life and AD&D
Provider: Prudential
Phone: 800-562-9874
Website: https://mybenefits.prudential.com/
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Benefit
Pays you a benefit if your spouse should die.
Elect in increments of $5,000 increments to a maximum of $250,000. (Not to exceed 50% of the employee’s supplemental life amount)
AD&D
The AD&D must be equal or less than the requested life insurance.
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
$50,000
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Is EOI required?
Evidence of Insurability (EOI) is a statement of health, sometimes required by an insurance company before they will insure you.
Yes, for amounts over $50,000, unless you enroll when you first become eligible.
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Who pays for coverage?
You, if you choose to enroll
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Click To Download Plan Documents:
- All Active Full-Time Employees Earning $150,000 or more annually Plan Summary
- All Active Full-Time Employees Earning Less Than $150,000 annually Plan Summary
- All Active Part-Time Employees Plan Summary
- All Active Full-Time and Part-Time Employees Voluntary Life Rate Sheet
- Wedgewood How to file a claim Flyer
Voluntary Spouse Life and AD&D
Provider: Prudential
Phone: 800-562-9874
Website: https://mybenefits.prudential.com/
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Benefit
Offers you and your spouse financial protection if your child should die. Available to dependents 14 days to 24 years (26 if full-time students).
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Birth to 14 days: $500.
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15 days to 6 months: $1,500.
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6 months to 26 years: coverage is available in increments of $2,500 to $10,000 (Not to exceed 50% of the Employee’s supplemental life amount)
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
$10,000
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Who pays for coverage?
You, if you choose to enroll
-
Click To Download Plan Documents:
- All Active Full-Time Employees Earning $150,000 or more annually Plan Summary
- All Active Full-Time Employees Earning Less Than $150,000 annually Plan Summary
- All Active Part-Time Employees Plan Summary
- All Active Full-Time and Part-Time Employees Voluntary Life Rate Sheet
- Wedgewood How to file a claim Flyer
Voluntary Child Life
Provider: Prudential
Phone: 800-562-9874
Website: https://mybenefits.prudential.com/