Worksite life insurance operates like group life insurance but is completely owned by the employees at no cost to the employer. Any employer with 15 or more employees can offer this free benefit to their teams. The employees own the life insurance, pay for it with a payroll deduction, and take it with them when they leave.

The plans are guaranteed-issue up to age 65, regardless of health for any employee working 30 or more hours per week. Spouses, children, and other dependents can also get coverage. Term life and different types of whole life can be purchased up to $100k with no underwriting. To get even more coverage, a simple questionnaire of medical knockout questions must be completed. No medical exams ever.