As with Group Term Life, V-Term coverage is provided to employer groups with 10 or more insured lives, in the form of yearly renewable term insurance that provides death benefits only, with no buildup of cash values. The employee typically pays for the V-Term coverage. Basic Group Term Life is a pre-requisite. The employee must be insured before dependent coverage is available. Employees participate in enrollment meetings that include educational materials, enrollment forms, and direct contact with Blue Cross and Blue Shield of Florida sales representatives.
Products are currently available throughout the State of Florida.
Some exclusions may apply.