Feature
You
Your Spouse
Child(ren)
$5,000 increments, not to exceed the lesser of 50% of your Basic & Optional Life coverage amounts combined or $250,000
$5,000 increments up to $15,000 for children up to age 26 (election must be the same for all children)
1x-5x annal base salary, rounded to the next $1,000, up to $500,000
Coverage Amount
Guarantee Issue
$300,000
$50,000
n/a
An EOI is required for the following if:
An EOI is required for the following if:
• The amount is greater than Guarantee Issue at initial new hire enrollment • Previously waived, for any amount when elected as a result of a Qualifying Life Event • Previously waived, for any amount when elected during annual open enrollment • Previously elected, for any amount over one level (i.e. 2x to 3x) or the Guarantee Issue
• The amount is greater than Guarantee Issue at initial new hire enrollment • Previously waived, for any amount when elected as a result of a Qualifying Life Event • Previously waived, for any amount when elected during annual open enrollment • Previously elected, for any amount over one increment or the Guarantee Issue
Evidence of Insurability (EOI) (Statement of Health)
Not required
Accelerated Death Benefit (Advances part of your death benefit when diagnosed with a terminal condition)
50% to a maximum of $500,00
n/a
n/a
Reduction Schedule
Ages 70-74: reduced to 65%Ages 75+: reduced to 50%
Ages 70-74: reduced to 65% Ages 75+: reduced to 50%
No reduction Coverage ends at age 26
Conversion to a Private Policy
Yes
Yes
No
Portability after your employment ends
Yes
Yes
Yes
$0.0554 per $1,000 (for 1 or more children)
Coverage Rate (bi-weekly)
Refer to table on page 32 Refer to table on page 32
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