Life Insurance
What is life insurance?
Life insurance provides financial protection for your loved ones by paying out a lump sum benefit in the event of your passing. It’s designed to help cover expenses and provide peace of mind during a difficult time.
Voluntary Life Insurance allows you to purchase additional coverage at competitive group rates—often more affordable than individual policies—so you can tailor your protection to meet your family’s needs.
Plan Features
Everything You’ll Need to Know
Life Insurance Coverage in 2026
Greenlight Networks provides company-paid life insurance to all full-time, benefit-eligible employees in the flat amount of $50,000. This coverage offers peace of mind by ensuring your loved ones receive financial support in the event of your passing.
Supplemental Life Insurance Options
Depending on your personal and family needs, you may want to consider purchasing additional life insurance. Employees have the option to buy supplemental coverage for:
- Themselves
- Spouse
- Children
This supplemental coverage is 100% employee-paid through post-tax payroll deductions. Because premiums are post-tax, any benefits paid out are tax-free.
Important: To elect coverage for a spouse or child(ren), you must first elect and be approved for supplemental coverage for yourself. For details on coverage amounts and options, refer to the benefit guide and plan summaries.