Page 18 - Yaskawa 2022 Open Enrollment Guide
P. 18
Life and AD&D
Group Term Life Insurance in the amount of $50,000, Voluntary AD&D
or two (2) times your base annual wage, rounded up Voluntary Accidental Death and Dismemberment
to the next $1,000, is provided at no cost to all full- (AD&D) is available through Guardian to Associates
time employees. In addition, the company provides and their dependents.
Accidental Death and Dismemberment coverage
equal to $50,000, or two (2) times your base salary. Eligible Employees
■ 1 to 5 times annual earnings;
With your automatic enrollment in term maximum of $500,000.
life with Guardian, employees are eligible Spouse Coverage
to earn “Tuition Rewards” through their ■ 50% of employee amount;
College Tuition Beneit Program. Visit maximum of $250,000.
www.guardian.collegetuitionbeneit.com to
learn more. See page 21 for more details. Child Coverage
■ 20% of employee amount;
Voluntary Life maximum of $100,000.
Bi-Weekly Voluntary Term Life Rates
Age Band
Voluntary Programs (100% Employee- Under Age 30 Rate per $1,000
$0.028
Paid Benefits) 30-34 $0.037
Voluntary term life insurance through Guardian is 35-39 $0.046
available to Associates and their dependents. 40-44 $0.051
45-49
$0.074
■ Eligible Associates: 1 to 5 times your annual 50-54 $0.111
55-59
$0.217
earnings up to $750,000. (Health statements are 60-64 $0.318
required for associates that did not previously 65-69 $0.628
enroll during their new hire enrollment period 70+ $1.029
or to increase their original beneit.) Voluntary Life Premiums (Bi-Weekly—Dependent Child(ren)
Amount of Coverage
■ Spouse coverage: increments of $10,000 to $2,500 Per Family
$0.127
a maximum of $150,000. (Health statements $5,000 $0.254
are required for spouses if the spouse was $7,500 $0.381
$10,000
$0.508
not previously enrolled during the associate’s If your base compensation is $115,000 or greater, please refer to the
new hire enrollment period or to increase the MetLife GVUL packet for Voluntary Life Options.
spouse’s original beneit.) Bi-Weekly Voluntary AD&D Rates
■ Child coverage: employees may elect child Employee Tier Rate per $1,000
optional life in the amount of $2,500, $5,000, Employee, Spouse, Child $0.015
$7,500, or $10,000. Children are eligible for this
beneit from 14 days to 26 years. Children from
0 to 14 days are eligible for optional life in the
amount of $500. The child beneit is per child
unit; a unit can be one (1) or more children.
18
Group Term Life Insurance in the amount of $50,000, Voluntary AD&D
or two (2) times your base annual wage, rounded up Voluntary Accidental Death and Dismemberment
to the next $1,000, is provided at no cost to all full- (AD&D) is available through Guardian to Associates
time employees. In addition, the company provides and their dependents.
Accidental Death and Dismemberment coverage
equal to $50,000, or two (2) times your base salary. Eligible Employees
■ 1 to 5 times annual earnings;
With your automatic enrollment in term maximum of $500,000.
life with Guardian, employees are eligible Spouse Coverage
to earn “Tuition Rewards” through their ■ 50% of employee amount;
College Tuition Beneit Program. Visit maximum of $250,000.
www.guardian.collegetuitionbeneit.com to
learn more. See page 21 for more details. Child Coverage
■ 20% of employee amount;
Voluntary Life maximum of $100,000.
Bi-Weekly Voluntary Term Life Rates
Age Band
Voluntary Programs (100% Employee- Under Age 30 Rate per $1,000
$0.028
Paid Benefits) 30-34 $0.037
Voluntary term life insurance through Guardian is 35-39 $0.046
available to Associates and their dependents. 40-44 $0.051
45-49
$0.074
■ Eligible Associates: 1 to 5 times your annual 50-54 $0.111
55-59
$0.217
earnings up to $750,000. (Health statements are 60-64 $0.318
required for associates that did not previously 65-69 $0.628
enroll during their new hire enrollment period 70+ $1.029
or to increase their original beneit.) Voluntary Life Premiums (Bi-Weekly—Dependent Child(ren)
Amount of Coverage
■ Spouse coverage: increments of $10,000 to $2,500 Per Family
$0.127
a maximum of $150,000. (Health statements $5,000 $0.254
are required for spouses if the spouse was $7,500 $0.381
$10,000
$0.508
not previously enrolled during the associate’s If your base compensation is $115,000 or greater, please refer to the
new hire enrollment period or to increase the MetLife GVUL packet for Voluntary Life Options.
spouse’s original beneit.) Bi-Weekly Voluntary AD&D Rates
■ Child coverage: employees may elect child Employee Tier Rate per $1,000
optional life in the amount of $2,500, $5,000, Employee, Spouse, Child $0.015
$7,500, or $10,000. Children are eligible for this
beneit from 14 days to 26 years. Children from
0 to 14 days are eligible for optional life in the
amount of $500. The child beneit is per child
unit; a unit can be one (1) or more children.
18
