Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

Full Bio →

Written by

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

Full Bio →

Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jul 19, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

The Truth in a Nutshell

  • Supplemental life insurance can cover a spouse, domestic partner, and children
  • Some supplemental life insurance policies come with AD&D
  • You can buy supplemental life insurance through an employer or a private company

If you believe your life insurance policy doesn’t provide enough coverage, you can buy supplemental life insurance.

But how much does life insurance cost? On average, supplemental life insurance rates are cheaper than standard life insurance, but it increases as you get older.

You may be wondering where you can find affordable supplemental life insurance. Don’t worry – we’re here to help.

Continue reading to learn more about supplemental life insurance. Enter your ZIP code in the free comparison tool above to start comparing multiple companies in your local area.

What are supplemental life and AD&D insurance?

Supplemental life insurance is coverage that adds extra coverage to a life insurance policy. Some life insurance companies won’t cover accidental deaths or severe injuries.

Therefore, you’ll need supplemental life insurance coverage to add another level of protection.

One of those layers is accidental death and dismemberment insurance (AD&D). AD&D insurance covers you if you’re permanently disabled due to a severe injury or if you die in an accident.

Supplemental life insurance can even cover a spouse. Read on to learn more.

What is spouse supplemental life insurance?

Some supplemental life insurance companies include spouse supplemental life insurance in their policies. This gives your spouse or domestic partner equal or more death benefits (coverage limit).

Even children can be included in supplemental life insurance. The coverage limit maximum is much lower than adults, though.

The cost of spouse supplemental life insurance varies. You can learn more about supplemental life insurance rates in the following section.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

How much are supplemental life insurance quotes?

Each supplemental life insurance company has a different way it calculates supplemental life insurance rates.

Supplemental life insurance quotes are determined by age, gender, and health. In addition to these key factors, your monthly supplemental life insurance is determined by coverage limits.

For example, supplemental life insurance for Alameda County, CA employees younger than 30 years old is $0.0140 per $1,000 of coverage.

Life insurance companies charge around $50 per month for supplemental life insurance.

If you have a $500,000 coverage limit for supplemental life insurance for you and your spouse, your monthly payment could be $7/mo plus what you pay for standard life insurance.

Whether you buy supplemental life insurance through an employer or private life insurance company, costs go up as you get older. So it’s essential to shop around.

Supplemental Life Insurance Companies

If you’re looking for the best supplemental life insurance, here’s a list of companies that sell it.

  • MassMutual
  • Allstate
  • Mutual of Omaha
  • Cigna
  • MetLife
  • Liberty Mutual
  • Sun Life Financial
  • Colonial Life
  • United Healthcare
  • John Hancock

These are only a few companies that sell supplemental life insurance. You may find more in your local area. Try our free comparison tool to see which companies are close to you.

Why should I buy supplemental life insurance?

Nothing is certain. You want to make sure you’re covered if the unexpected should happen. It’s reassurance that your family and loved ones are taken care of if something should happen to you or your spouse.

Buying group life insurance or supplemental life insurance through an employer comes with a few add-ons. However, you won’t have the same options as a policy from a private company.

Some employers allow you to convert your life insurance policy to a private life insurance company.

Customers buy private supplemental life insurance for many reasons. One of them is the life insurance riders. As a private owner of a life insurance policy, you can customize the insurance policy to your needs.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

How much supplemental life insurance should I buy?

We recommend that you purchase a supplemental life insurance policy with an equal coverage limit to your policy. You may save some money by bundling your life insurance and supplemental life insurance together.

If your life insurance company doesn’t carry supplemental life insurance, you’ll need to start the shopping process all over again.

Supplemental Life Insurance: What’s the bottom line?

Supplemental life insurance as an employee benefit makes it easier for you to pay the monthly payments. Private supplemental life insurance may be more expensive, but you have more freedom to customize your policy.

Ultimately, supplemental life insurance can provide life insurance for other people in your household and reach in areas where standard life insurance can’t.

Now that you know more about supplemental life insurance, it’s time to start comparing the top companies near you. Use our free online quote tool to compare multiple companies in your local area.