Page 18 - Fontbonne 2021 New Hire Guide
P. 18
Designating Your Beneficiary BASIC LIFE AND
If you pass away while covered by this plan, the AD&D
beneit is paid to the beneiciary (or beneiciaries)
you designate. Please make sure your beneiciary Basic group term life and accidental death and
information is accurate. If you do not name a dismemberment (AD&D) insurance is provided to
beneiciary, the beneit will be paid to your estate.
you at no cost through Lincoln Financial. This beneit
You may update or add a beneiciary at anytime is equal to one times your annual salary, up to $50,000.
through Paycor. In addition, you may purchase supplemental life
coverage in $10,000 increments up to three times your
annual earnings or $300,000.
Please Note
Beneits enrollment is not ofered this year. However, Your basic AD&D coverage amount equals your basic
coverage may be requested by completing an evidence life beneit.
of insurability (EOI) form.
Supplemental Life Insurance
Specifics
You must be enrolled for supplemental
beneits in order to be eligible for supplemental
dependent life coverage
Supplemental dependent life insurance coverage
may be purchased in the following amounts
Spouse—$10,000 increments to a
maximum beneit of $150,000; the amount
cannot exceed 50% of the employee’s
supplemental coverage
Children
Birth to 6 months—$500
6 months to 26 years in $2,500 units to
$10,000
On the date you attain age 65, the beneit
reduces to 65% of your original beneit; when
you reach age 70, your beneit reduces to
50%; when you reach age 75, a inal reduction
occurs to 25% of your original beneit
18
If you pass away while covered by this plan, the AD&D
beneit is paid to the beneiciary (or beneiciaries)
you designate. Please make sure your beneiciary Basic group term life and accidental death and
information is accurate. If you do not name a dismemberment (AD&D) insurance is provided to
beneiciary, the beneit will be paid to your estate.
you at no cost through Lincoln Financial. This beneit
You may update or add a beneiciary at anytime is equal to one times your annual salary, up to $50,000.
through Paycor. In addition, you may purchase supplemental life
coverage in $10,000 increments up to three times your
annual earnings or $300,000.
Please Note
Beneits enrollment is not ofered this year. However, Your basic AD&D coverage amount equals your basic
coverage may be requested by completing an evidence life beneit.
of insurability (EOI) form.
Supplemental Life Insurance
Specifics
You must be enrolled for supplemental
beneits in order to be eligible for supplemental
dependent life coverage
Supplemental dependent life insurance coverage
may be purchased in the following amounts
Spouse—$10,000 increments to a
maximum beneit of $150,000; the amount
cannot exceed 50% of the employee’s
supplemental coverage
Children
Birth to 6 months—$500
6 months to 26 years in $2,500 units to
$10,000
On the date you attain age 65, the beneit
reduces to 65% of your original beneit; when
you reach age 70, your beneit reduces to
50%; when you reach age 75, a inal reduction
occurs to 25% of your original beneit
18
