Voluntary Benefits Coverage
Life Insurance
Help employees safeguard their families with term and whole-life options they can keep even if they change jobs.
Basic overview
Voluntary life insurance lets employees choose protection that follows them, even if they change jobs. It pays a benefit to the employee's chosen beneficiaries in the event of death, helping cover funeral costs, outstanding debts, ongoing household bills, and future family goals. Coverage is available for the employee, their spouse, and dependent children.
What this coverage typically includes
- Term life and whole-life options
- Employee, spouse, and dependent coverage
- Guaranteed-issue amounts in many cases
- Portability so employees keep coverage after leaving
- Accelerated benefit riders for serious illness
Why it matters for your team
For many families, a life insurance benefit is the difference between financial stability and crisis after a loss. Offering it through work makes enrollment simple and rates affordable.
Best for
- Employers who want low-cost, high-value coverage
- Employees with dependents or mortgages
- Businesses seeking portable benefits employees can keep
Frequently asked questions
Common questions about life insurance for Arkansas employers and employees.
Can employees keep their life insurance if they leave the company?
Yes. The voluntary life plans we offer are typically portable, which means employees can continue their coverage at the same group rate even after they leave your company or retire.
Do employees need a medical exam to qualify?
Not necessarily. Many plans include a guaranteed-issue amount that employees can elect during initial enrollment without answering health questions or taking an exam.
Can spouses and children be covered?
Yes. Employees can elect coverage for themselves, their spouse, and their dependent children, often with simplified underwriting options.
How much coverage can an employee choose?
Coverage options vary by plan, but employees typically choose from a range of benefit amounts, such as $10,000 up to several times their annual salary.
Is this the same as employer-paid life insurance?
No. This is a voluntary benefit, meaning employees elect and pay for it through payroll deduction. It supplements any employer-paid basic life coverage.
How long does enrollment take?
Enrollment is usually completed during a single on-site meeting or online enrollment session. We walk employees through their options so they feel confident in their choices.
Ready to learn more?
Dogwood Benefit Solutions works with employers across Central and Southern Arkansas to design voluntary benefits packages that fit your workforce and budget.