Supplemental Life Insurance 

extra protection for you and your family

Supplemental Life Insurance Plans

Questions? Call the HR Support Center 1-417-873-4357 (option 2) or email.

You can purchase Supplemental Term Life Insurance plans or Whole Life Insurance to provide extra coverage for you, your spouse and your children. This insurance can help your family prepare for the unexpected, ensuring your family will be able to cover basic living expenses if something happens to you.

SUPPLEMENTAL LIFE INSURANCE

Supplemental Life Insurance is a voluntary program, with Outfitters paying 100 percent of the premiums for the benefits selected. With Voya Supplemental Term Life insurance, your premium is calculated based on your current age or the age of your spouse. Your premium rate will gradually increase as you age. 

You may elect additional coverage for:

Yourself – in an amount up to $750,000. You can choose $15,000; $25,000; $50,000 or an increment of $10,000 from $60,000 to $750,000. Guaranteed issue at initial eligibility is the lesser of three times your annual salary or $500,000. For amounts greater than the guaranteed issue amount, you will be required to provide evidence of insurability (EOI).* 

Your spouse – up to $100,000. You may choose $15,000; $25,000; $50,000 or an increment of $10,000 from $60,000 to $100,000, but no more than 100 percent of your coverage. Guaranteed issue at initial eligibility is $50,000 (EOI requirements apply).*

Your child(ren) – up to $10,000 for each child. You may choose $2,500; $5,000 or $10,000 in coverage for children from birth to age 26.

*EOI: Obtain form and instructions from your HR department or the Workday Benefits worklet. Your benefit will default to the guaranteed issue amount until your amount requiring EOI is approved.

WHOLE LIFE INSURANCE

You can keep Whole Life Insurance as long as you want. Once you’ve bought coverage, your cost won’t increase as you age. The benefit amount stays the same, too — it doesn’t decrease as you get older. That means you get protection during your working years and into retirement. Whole Life Insurance also earns interest, or “cash value,” at a guaranteed rate of 4.5 percent.* You can borrow from that cash value, or you can buy a smaller, paid-up policy with no more premiums due.

With Unum, you can select Whole Life Coverage for:

Yourself – purchase coverage for as little as $3 weekly, as long as the minimum benefit is at least $2,000.

Your spouse: Individual coverage – benefit amount is based on the premium amount you choose, your spouse’s age when coverage begins, and whether they use tobacco. 

Your child(ren): Individual coverage – if you leave your employer, your children can keep their coverage. You can purchase coverage for each child for as little as $1 a week.

Why should i enroll now?

It’s more affordable when you’re younger. Once you’ve bought coverage, your cost stays the same as long as you keep it. The cost is conveniently deducted from your paycheck. Whole life gives you valuable protection in addition to any term life insurance you might have.

Enrolling in Unum Whole Life

You may enroll in Whole Life during your initial benefit offering in 2021.
When you “select” the Whole Life benefit in Workday, a to-do task will be sent to your Workday inbox after submitting your Workday benefit enrollment. The to-do button will access the enrollment link on the Unum website, where you will answer several questions to determine the amount of Whole Life coverage for which you qualify. You will then either accept or decline coverage. The premium deduction amount will be sent to your benefit summary and deducted each pay period.

You may also go to the Benefits worklet, find External Links, then click on Unum Whole Life Enrollment.

More information about Supplemental Life Insurance Options