Page 10 - Sample Guide
P. 10
Lockton collateral, not for leave behind or distribution.
What is Evidence of LIFE AND DISABILITY
Insurability (EOI)? INSURANCE
If EOI is required this means you Life and disability insurance is provided through [Carrier].
must provide certain information
about your health in order for the
insurance company to review your Basic Life and Accidental Death and
information and approve you for
coverage. Dismemberment (AD&D)
If you are newly eligible and have The company automatically provides you a beneit of [#] times your
not previously waived coverage, annual salary (up to $XXX,XXX), at no cost to you, for life insurance and
you can elect up to the guaranteed accidental death and dismemberment insurance.
issue amount without submitting
EOI. You may be required to
submit EOI if you have previously Employee Voluntary Life and AD&D Insurance
waived this coverage or if you
elect above the guaranteed issue You are eligible to purchase additional life insurance in increments of [X]
amount. times your annual salary up to a maximum beneit of [$XXX,XXX]. The
same coverage options exist for voluntary AD&D insurance.
Spouse and Dependent Voluntary Life and AD&D
Insurance
If you elect voluntary life coverage for yourself, you can also elect
voluntary life coverage for your spouse in coverage increments of
[$X,XXX] up to a maximum of [$X,XXX]. Dependent child life coverage
is available in coverage levels of $2,000, $5,000, or $10,000. Voluntary
AD&D options are in increments of [#] times your annual salary up to a
maximum beneit of $XXX,XXX.
Short Term Disability (STD)
The company provides short term disability (STD) insurance to help
provide inancial security until you get back on your feet and return to
work. The plan covers [XX%] of your pre-disability earnings for up to
[XX] days. There is a [#]-day waiting period for illnesses, but coverage for
an accident will begin immediately.
Long Term Disability (LTD)
The company provides long term disability (LTD) insurance to offer you
inancial assistance in the event you are unable to work for an extended
period of time. The plan covers [XX%] of your pre-disability earnings,
but you have the option to purchase our buy-up LTD coverage for an
additional [XX%] of coverage. The maximum beneit of base coverage is
[$X,XXX] monthly; if you purchase the buy-up LTD coverage you may
10 receive an additional [$X,XXX] monthly.
What is Evidence of LIFE AND DISABILITY
Insurability (EOI)? INSURANCE
If EOI is required this means you Life and disability insurance is provided through [Carrier].
must provide certain information
about your health in order for the
insurance company to review your Basic Life and Accidental Death and
information and approve you for
coverage. Dismemberment (AD&D)
If you are newly eligible and have The company automatically provides you a beneit of [#] times your
not previously waived coverage, annual salary (up to $XXX,XXX), at no cost to you, for life insurance and
you can elect up to the guaranteed accidental death and dismemberment insurance.
issue amount without submitting
EOI. You may be required to
submit EOI if you have previously Employee Voluntary Life and AD&D Insurance
waived this coverage or if you
elect above the guaranteed issue You are eligible to purchase additional life insurance in increments of [X]
amount. times your annual salary up to a maximum beneit of [$XXX,XXX]. The
same coverage options exist for voluntary AD&D insurance.
Spouse and Dependent Voluntary Life and AD&D
Insurance
If you elect voluntary life coverage for yourself, you can also elect
voluntary life coverage for your spouse in coverage increments of
[$X,XXX] up to a maximum of [$X,XXX]. Dependent child life coverage
is available in coverage levels of $2,000, $5,000, or $10,000. Voluntary
AD&D options are in increments of [#] times your annual salary up to a
maximum beneit of $XXX,XXX.
Short Term Disability (STD)
The company provides short term disability (STD) insurance to help
provide inancial security until you get back on your feet and return to
work. The plan covers [XX%] of your pre-disability earnings for up to
[XX] days. There is a [#]-day waiting period for illnesses, but coverage for
an accident will begin immediately.
Long Term Disability (LTD)
The company provides long term disability (LTD) insurance to offer you
inancial assistance in the event you are unable to work for an extended
period of time. The plan covers [XX%] of your pre-disability earnings,
but you have the option to purchase our buy-up LTD coverage for an
additional [XX%] of coverage. The maximum beneit of base coverage is
[$X,XXX] monthly; if you purchase the buy-up LTD coverage you may
10 receive an additional [$X,XXX] monthly.
