Should I sign up for voluntary life insurance during open enrollment?

Open enrollment is often the only time employees can access guaranteed issue supplemental coverage without medical underwriting — making it a valuable window, especially for employees who have had health changes since their last enrollment period.

During open enrollment, many plans offer guaranteed issue amounts (coverage up to a specified limit with no medical questions) and simplified issue amounts (coverage up to higher limits with a few health questions). These amounts are available without a full medical exam.

The decision depends on your health and the alternatives. For employees in excellent health, individual underwriting through an A-rated (A.M. Best) carrier may provide better coverage at lower cost. For employees who have developed health conditions since their last enrollment, guaranteed issue open enrollment coverage may be the most affordable option available.

Important: open enrollment voluntary coverage still ends when you leave your employer. The portability limitation applies. Using open enrollment to get guaranteed issue coverage and simultaneously establishing an individual portable policy creates the most complete protection strategy.

Nevada employees across industries can access both employer voluntary coverage and individual coverage simultaneously. Agents in our network can help you evaluate whether the employer voluntary plan or an individual policy provides better value for your specific situation. Actual premiums vary by carrier, age, health status, and coverage amount.