supplemental life insurANCE

supplemental life inSURANCE

In addition to your Basic Life benefit, you may elect an additional amount of insurance if you would like more financial protection. You may elect coverage up to 5x your salary, not to exceed $350,000.

You may also elect coverage for your spouse and dependent children. The maximum amount of coverage available for your spouse is $150,000. The child policy is a flat amount of $10,000 for children over 6 months. The benefit for children from birth to 6 months old is $1,000. One policy will cover all eligible children in the family.

You and your spouse may be required to submit Evidence of Insurability (EOI) for coverage amounts over the Guaranteed Issue amount. See the table below for details.

The cost of this supplemental insurance is based on group rates, which are typically much less expensive than individual rates. The premium will be deducted from your payroll on an after-tax basis.

Resources

Vol Life cert

Supplemental Life Insurance Benefits

	Employee	Spouse	Child(ren)
Benefit Schedule	Increments of $10,000	Increments of $10,000	Flat $10,000
Maximum Benefit Amount	Not to exceed 5x salary or $350,000	$150,000	n/a
Minimum Benefit Amount	$10,000	$5,000	n/a
Guarantee Issue Amount*	$100,000	$25,000	Full Benefit
AD&D Benefit Amount	Matches Life Amount	Matches Life Amount	Matches Life Amount
Age Reduction Schedule	Benefit Reduces to: 65% at age 65 50% at age 70 15% at age 75	Benefit Reduces to: 65% at age 65 50% at age 70 15% at age 75	n/a

*This is the amount you are eligible for without Evidence of Insurability. Request for coverage over this amount may require a health exam prior to policy approval.