Page 16 - Future Steps
P. 16
2017 Benefits Enrollment
Life and Voluntary Life and AD&D
AD&D Insurance
Insurance Employee
VER provides life and accidental VER also provides employees an opportunity to supplement the company
death and dismemberment provided life insurance with a voluntary life and AD&D program.
(AD&D) insurance at no cost to Employees will be able to purchase voluntary life and AD&D insurance
you. Hourly employees will receive for yourself, spouse and dependent children.
a lat $25,000 beneit. Salaried
employees will receive a beneit Employees can elect coverage in increments of $10,000 to a maximum
equal to 1x your annual salary. of $500,000 or 5x your salary, whichever is less. Evidence of insurability
Beneit reductions apply beginning is required for any election over $200,000 and subject to approval by the
at age 65. Coverage is provided insurance company.
through Unum. For your spouse, you may elect coverage in $5,000 increments to a
maximum of $500,000. Coverage for your spouse may not exceed the
amount of voluntary life insurance you elect for yourself. Coverage is
guaranteed up to $25,000. Any election over $25,000 will require evidence
of insurability and is subject to approval by the insurance company.
Coverage for your children is available in $2,000 increments to a
maximum of $10,000. Evidence of insurability is not required for child
life insurance.
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Life and Voluntary Life and AD&D
AD&D Insurance
Insurance Employee
VER provides life and accidental VER also provides employees an opportunity to supplement the company
death and dismemberment provided life insurance with a voluntary life and AD&D program.
(AD&D) insurance at no cost to Employees will be able to purchase voluntary life and AD&D insurance
you. Hourly employees will receive for yourself, spouse and dependent children.
a lat $25,000 beneit. Salaried
employees will receive a beneit Employees can elect coverage in increments of $10,000 to a maximum
equal to 1x your annual salary. of $500,000 or 5x your salary, whichever is less. Evidence of insurability
Beneit reductions apply beginning is required for any election over $200,000 and subject to approval by the
at age 65. Coverage is provided insurance company.
through Unum. For your spouse, you may elect coverage in $5,000 increments to a
maximum of $500,000. Coverage for your spouse may not exceed the
amount of voluntary life insurance you elect for yourself. Coverage is
guaranteed up to $25,000. Any election over $25,000 will require evidence
of insurability and is subject to approval by the insurance company.
Coverage for your children is available in $2,000 increments to a
maximum of $10,000. Evidence of insurability is not required for child
life insurance.
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