Basic and Voluntary Life
BASIC LIFE INSURANCE
The Florida Aquarium provides life insurance to all active full time employees, at no cost! The chart below provides an overview of the plan.
Basic Life Insurance
Lincoln
Benefit Outline
Eligible Full Time Employees
$50,000
At age 65 reduce by 35% of original amount, at age 70 reduce by 50% of in force amount
Age Reduction Schedule
AD&D
Included - Equal to basic life
• Please make sure your beneficiary information is up to date and on file with Human Resources. You may change your beneficiary at any time.
VOLUNTARY LIFE INSURANCE
The Florida Aquarium provides all active employees the option to purchase life insurance coverage through a group plan. The chart below provides an overview of the plan.
Voluntary Life Insurance
Lincoln
Increments of $10,000 up to the lesser of $500,000 or 7x annual salary. Minimum of $10,000
Employee Life
Guarantee Issue
$150,000
Increments of $5,000 up to lesser of 50% of employee's amount or $100,000. Guarantee Issue - $30,000 15 days to 6 months old: $1,000 6 months to less than 19 years (26 if full time student): choice of $1,000; $2,000; $4,000; $5,000; $10,000
Spouse Life
Dependent Life
Waiver of Premium Benefit
Included to the earlier of age 65, retirement or recovery
Convertible
Included
Portable
Enrollment Events
Includes annual enrollment period
10
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