Life Q&A Q. I’m not signed up for Voluntary Life insurance. Can I enroll now?
A. Yes! Whether you’ve just become eligible for this coverage or didn’t sign up in the past, now is the time to enroll. If you’ve first become eligible for this coverage within the last 31 days, you can enroll for amounts up to $100,000 for yourself, up to $50,000 for your spouse, and up to $10,000 for each child without answering health questions. To enroll for more coverage than the amounts shown above, you’ll need to answer a simple health statement. If you were offered this coverage in the past, but chose not to enroll, you can join the plan now, and receive up to $20,000 of coverage without answering health questions. If you want to enroll your dependents, you’ll need to answer the health statement for any family member you wish to cover. Exception: If you were medically declined for this coverage by us in the past, you are not eligible for this offer. Your benefit election will be effective on the entry date specified in your group policy, provided you’re at active work on that date. Otherwise, your coverage becomes effective on the day you return to full-time duties. Dependent coverage will become effective according to the policy entry date unless your dependent is in a hospital or similar facility on that day or if your dependent spouse is disabled on that day. Q. What happens if I become disabled? A. If you become disabled prior to age 60 while insured for Voluntary Life and remain continuously disabled as defined in the policy for the qualifying period, your coverage, including any dependent coverage will continue without further premium payment until age 65, recovery or retirement, whichever is earliest. Any time Life insurance is continued under this disability benefit, AD&D insurance also will be continued (and the premium waived) for up to 1 year from the date of disability. For disabilities beginning between age 60 and 65, the insurance can be continued (and premium waived) for up to one year, but not past the earlier of age 65 or the date you retire. Q. Can I access my Life insurance benefit if I’m terminally ill? A. Yes. The Accelerated Benefit lets you request payment for up to 80% of your or your spouse’s Voluntary Life benefit in the event of a life-threatening medical condition where there is a life expectancy of 12 months or less. Q. Can I take my insurance with me if I leave my employer? A. Yes. You have two options. Portability allows you to continue this group life coverage until age 65 after terminating current employment. Conversion allows you to convert to an individual policy if any or all of your Life insurance ends while you are insured under our group Life policy.
How do I estimate my premium? You can choose employee coverage in $10,000 units, from a minimum of $20,000 up to 5 times your basic annual pay, but not more than $100,000. To calculate your maximum benefit: 1. Enter your basic annual pay. ___________________ x 5 ___________________ Round to the next higher $10,000. ___________________ This is your maximum coverage. (Cannot exceed $100,000) 2. Select a benefit amount in the Life chart, then find your age to determine your Weekly (52) premium deduction.
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