Voluntary Life and Accidental Death and Dismemberment (AD&D) insurance University Of Cincinnati Physicians, Inc | All Active Full Time Employees | 955001 Protect your family The people you love and support could face financial challenges if you were no longer around. Life insurance provides your loved ones with money they can use for household expenses, tuition, mortgage payments and more. How it works You have the opportunity to purchase additional life insurance, beyond what your employer has provided for you. Your employer is offering you and your coworkers this coverage as a group, at a group rate. You are responsible for paying all or a portion of the cost. Choose the benefit that best meets your needs and your budget. Benefits For you You can choose from $10,000 to $1,000,000 —in increments of $10,000, not to exceed 10 times your basic annual earnings— with no medical questions asked up to the Guaranteed Issue amount of $250,000 . The benefit amount is reduced to 67% at age 6 7 . Your coverage ends at termination of employment or retirement.
What does life insurance mean for the Jones family? Jason and Charlotte just bought their first house and are expecting their first child. They didn’t think they could afford life insurance—and they didn’t think they needed it because they’re young and healthy. However, Jason’s best friend from high school was recently killed in a car accident. Sadly, his wife is selling their home because she can’t afford the mortgage on her own. Jason and Charlotte started to rethink life insurance, and were surprised to find options at work that meet their budget. Since most people would have trouble paying living expenses after several months if their primary wage earner died,* it may be worth asking, who depends on you?
For your spouse
If you elect coverage for yourself, you can choose from $5,000 to $500,000 —in increments of $5,000 —with no medical questions asked up to the Guaranteed Issue amount of $50,000 . (The amount you select for your spouse cannot exceed 50% of your coverage amount.) Spouse rates are based on employee age. The benefit amount is reduced to to 6 7 % when you turn age 6 7. The benefit amount may be reduced when the employee benefit amount is reduced. If you elect coverage for yourself, you can choose $2,000 to $10,000— in $2,000 increments—with no medical questions asked . (The amount you select for your child(ren) cannot exceed 50% of your coverage amount.) The benefit amount may be reduced when the employee benefit amount is reduced. A full benefit is payable for a dependent child who is 21 years old or to age 25 if a full time student. A reduced benefit is payable for a child from 15 days to 6 months.
For your child(ren)
sunlife.com 800-SUN-LIFE (247-6875) Sun Life Assurance Company of Canada
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