What your benefits cover Employee Coverage
Guaranteed Life Insurance Coverage Amount • Initial Open Enrollment: When you are first offered this coverage, you can choose a coverage amount not to exceed $300,000 without providing evidence of insurability. • Annual Limited Enrollment/Family Status Change: If you are a continuing employee, you can increase your coverage amount by one level without providing evidence of insurability. If you select coverage in an amount higher than this number, you will be required to submit evidence of insurability. If you have been previously denied coverage, you will be required to submit evidence of insurability. • If you decline this coverage now and wish to enroll later, evidence of insurability may be required and may be at your own expense. Maximum Insurance Coverage Amount • You can choose a coverage amount up to $500,000. Evidence of Insurability may be required for optional life coverage. See the Evidence of Insurability page for details. • When you reach age 70, your Optional Life and AD&D coverage amount will reduce to 65% of the original amount. When you reach age 75, life benefits reduce to 50% of the original amount.
Dependent Spouse Coverage - You can secure term life insurance for your spouse if you select coverage for yourself.
Guaranteed Life Insurance Coverage Amount • Initial Open Enrollment: When you are first offered this coverage, you can choose a coverage amount up to $50,000 for your spouse without providing evidence of insurability. • Annual Limited Enrollment: If you are a continuing employee, you can increase the coverage amount for your spouse by one level without providing evidence of insurability. If you select coverage in an amount higher than this number, you will be required to submit evidence of insurability. If you have been previously denied coverage, you will be required to submit evidence of insurability. • If you decline this coverage now and wish to enroll later, evidence of insurability may be required and may be at your own expense. Maximum Insurance Coverage Amount • You can choose a coverage amount up to $250,000 for your spouse. Evidence of Insurability may be required. • When you reach age 70, your Dependent Spouse Optional Life and AD&D coverage amount will reduce to 65% of the original amount. When you reach age 75, life benefits reduce to 50% of the original amount. Dependent Child(ren) Coverage - You can secure term life insurance for your dependent children when you choose coverage for yourself . Coverage Amount • Enrollment: you can choose a coverage amount up to $15,000 if under 26 years.
Optional Life Insurance Benefits At-A-Glance 2
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