VOL. LIFE
Bunkhouse provides employees with the excellent opportunity to purchase supplemental term Life/AD&D insurance on a payroll deduction basis.
Employee Benefit Amount
$10,000 increments
Coverage amount
Up to 5X your annual salary (roundedto the next higher $10,000) Maximum of $300,000
Guarantee Issue
$50,000
Spouse/Domestic Partner Benefit Amount
$5,000 increments
Coverage amount
Up to a Maximum of $150,000 (not to exceed 50% of employee coverage)
$10,000forSpousesunder the age of 60 at initial enrollment
Guarantee Issue
Reduction inBenefits
Benefits for both employees and spouse will be reduced 35% upon attainment of age 65.
Dependent Children BenefitAmount
$10,000 fopr children 6 months to 19 years (up to age 25 years if unmarried and a full-time student)
Coverage amount
$250 forchildren 14 days to 6 months
Evidence of Insurability
Voluntary coverages require you to submit an Evidence of Insurability form to Lincoln Financial Group for approval if electedoutside of your initial enrollment periodor if coverage beyond guaranteed issueis elected. See HR for more information.
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DISABILITY – SHORT TERM I
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