Life and AD&D
New hires can enroll up to the guaranteed issue amounts listed in the chart below. Any amount beyond the guaranteed issue amount requires Evidence of Insurability (EOI). At Open Enrollment, employees may make certain increases annually without EOI up to the amounts below.
Voluntary term life insurance you can purchase
Annual Open Enrollment Increase (No Statement of Health Required)
Guaranteed Issue
Minimum
Maximum
(New Hires Only)
$10,000
$200,000
$20,000
$500,000
You
$5,000
$40,000
$10,000
$100,000
Your spouse
$5,000
All amounts
$5,000
$20,000
Your children
Benefits reduce starting at age 65.
VOLUNTARYTERMLIFE MONTHLYRATEPER$10,000
Age 1
Spouse
Employee.
$1.09
$1.09
29 & Under
$1.22
$1.22
30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$1.74
$1.74
$2.46
$2.46
$3.58
$3.58
$5.69
$5.69
$8.97
$8.97
$13.52
$13.52
$14.82
$14.82
$20.43
$20.43
70 & Over
1 Age band changes are applied on the date of VPP’s policy anniversary (7/1) 2 The spouse is charged based upon his/her individual age on policy anniversary 3 Your spouse can not elect life insurance if you (employee) choose not to
19
Made with FlippingBook Digital Publishing Software