VOLUNTARY TERM LIFE

What is Voluntary Term Life Insurance?

Proceeds can be used to replace lost potential income during working years and help ensure your family's financial goals will still be met; goals like paying off a mortgage, keeping a business running, and paying for college. VTL coverage is included as a part of life insurance benefits and will pay out a lump-sum death benefit in the event you or a covered loved one are killed accidentally or die later as the direct result of an accident. This plan also has a dismemberment benefit which provides an additional lump-sum payment if an insured becomes dismembered in an accident.

​

Plan Rules:

• Eligibility: All full-time employees working 20+ hours/week, spouse and children (up to age 26)

• Coverage through Mutual of Omaha - GROUP NUMBER: G000581A

• Employees who both work at Dougherty can cover each other and their dependents

• Total employee coverage cannot exceed the plan maximums for Employees.

• Dependent coverage may not exceed employee coverage amounts 

• No Health Questions - EVERY YEAR!

​