What Is Supplemental Life Insurance Coverage?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    "Supplemental life insurance" coverage refers to the life insurance an employee might choose to purchase to supplement the amount that he/she is provided by his/her employer. It is purchased at group plan costs. Supplemental life insurance does not have the tax benefits of the first $50,000 of employer provided life insurance.
    Answered on June 9, 2013
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