We know that it can be hard to think about what will happen if you are no longer here with your loved ones. Take a little time now to make sure they will be provided for and help prevent financial hardships if the unexpected should happen.
Your employer provides you with Basic Life insurance, but you can get additional peace of mind by purchasing Supplemental Life Insurance. Additional life insurance can ease financial hardships during a very difficult time.
New workers and those who experience certain life-changing events, have guaranteed coverage available for a limited time. With guaranteed coverage, you and your family members can purchase insurance regardless of your medical history. If you’re not in good health, this may be one of the best and most reasonably priced ways to purchase coverage.
Your Basic Life coverage may not be enough to take care of your family, especially if you own a home or have children. Additional insurance can help pay for college tuition, pay off debt or provide a cushion for unexpected expenses.
Additional life insurance through Concordia Plans can be an easy way to protect your family, and you’ll have the convenience of having your premiums payroll deducted.
If you leave your employer, you can take your supplemental life insurance with you and be directly billed for your coverage. In addition, you may have the opportunity to convert your Basic Life coverage to an individual life policy. This flexibility means your life insurance is not tied to your employer.
In addition to self-coverage, you can get Supplemental Life Insurance for your spouse and children.
If you have questions, contact our Customer Care team at 888-927-7526
Members
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Purchase Supplemental Life Insurance
You can purchase Supplemental Life guaranteed within 60 days of hire or a life-changing event, or any time at all (without guaranteed approval, and you will need evidence of insurability). To purchase, log into the Member Portal, select “Benefit Management” from the Quick Links menu, change “Your Current Benefits", and click on “Enroll or Change Supplemental Life Insurance Benefits.”