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Voluntary Life and AD&D Insurance
Administered by Associated Benefits
Add the coverage you need, when you need it
If you'd like to supplement your basic life insurance, or if you want to purchase life insurance for your dependents, CVA offers voluntary life insurance coverage through The Standard. This option is especially beneficial if you want to add more protection for yourself at our competitive group rate or if you have a pre-existing medical condition and want to skip health questions if you enroll at your new hire opportunity..
Voluntary Life Insurance
In addition to the basic life and AD&D insurance provided by CVA, eligible employees may purchase voluntary life and AD&D insurance for themselves and their family members. Here are a few things to keep in mind:
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You must elect coverage for yourself to purchase coverage for your dependents. You may elect increments of 1, 2, You can purchase up to $50,000 for your spouse/domestic partner, not to exceed 50% of the amount you elect for yourself. And you can buy $2,000, $5,000, or $10,000 in coverage for your eligible children.
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Guaranteed issue amounts are available to new plan participants. When you first enroll, you may purchase up to $1,000,000 in combined Basic Life and Voluntary Life coverage for yourself, $30,000 for your spouse/domestic partner and $10,000 for your children. Amounts over the guaranteed issue will require evidence of insurability. ​​
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