Benefits for 2024 Life Insurance
SUMMARY OF COVERAGE
Plan Features
Basic Life & AD&D
Employee Benefit Amount
2 x Annual Salary
Benefit Maximum $100,000 The following shows how much benefits are reduced at certain ages: Age Benefit Reduction 70 65% 75 45%
Plan Features
Voluntary Life
Employee Benefit Amount
$10kincrementsupto $500,000
Guarantee Issue Amount
$100,000 (New Hires Only)
$5k increments to a maximum of $100K or 50% of employee coverage
Spouse Benefit Amount
Spouse Guarantee Issue Amount
$50,000 (New Hires Only)
Child Life Benefit Amount
$1,000upto a maximumof$10,000
Child Guarantee Issue Amount
$10,000
The following shows how much benefits are reduced at certain ages: Age Band Benefit Reduction 70 65% 75 45%
This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract.
2024 Employee Benefit Guide
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