A 15-year policy with Salary Protection payout starting in year 6.
A 15-year policy with Salary Protection payout starting in year 13. Salary Protection has a minimum payout duration of 5 years.
Salary Protection
For most people, their salary is their most valuable asset. It helps to keep the fridge stocked, the car running and their loved ones safe and secure.
Yet, in spite of all of this, many don’t have sufficient life insurance in place to protect that income and provide stability for their family.
Salary Protection helps takes the confusion out of determining how much life insurance coverage you and your family need.
If the unexpected happened and you were no longer around to care for your family, Salary Protection would continue to provide them with (an amount equal to) your paycheck every month for up to 15 years.
Salary Protection has a maximum term length of 15 years and a minimum payout duration of 5 years.
A 15-year policy with Salary Protection payout starting in year 6.
A 15-year policy with Salary Protection payout starting in year 13. Salary Protection has a minimum payout duration of 5 years.
You can easily apply for Salary Protection online through your worksite benefits platform.
Contact your HR department if you would like to see Salary Protection offered by your employer.
Your election of Salary Protection is voluntary. Your employer doesn’t endorse or fund it, and isn’t compensated if you elect it.Term Length | 10, 15 years |
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Eligibility | Ages 18 to 60 |
Coverage | Minimum $1000 per month, maximum $10000 per month |
Benefit Type | Monthly, Lump-sum |
Payout Duration | From death until the end of the policy term, minimum 5 years |
Payment Frequency | On your payroll schedule |
Payment Type | Payroll deduction, Bank Account via ACH, Credit Card, Debit Card |
Haven Life is changing the insurance industry through compassion, creativity and a forward-thinking approach to financial protection that puts the customer’s needs first.
Haven Life has the best customer support in the world. (And they have the coffee mugs to prove it.)
Lump-sum benefit payout also available with Salary Protection.