Page 18 - Fontbonne University 2022 Benefits Guide
P. 18
BASIC LIFE AND
Designating Your Beneficiary
If you pass away while covered by this plan, the beneit
is paid to the beneiciary (or beneiciaries) you designate. AD&D
Please make sure your beneiciary information is accurate.
If you do not name a beneiciary, the beneit will be paid to Basic group term life and accidental death and
your estate.
dismemberment (AD&D) insurance is provided
You may update or add a beneiciary at anytime to you at no cost through Lincoln Financial. This
through Paycor. beneit is equal to one times your annual salary,
up to $50,000. In addition, you may purchase
supplemental life coverage in $10,000 increments up
Please Note to three times your annual earnings or $300,000.
Beneits enrollment is not ofered this year. However,
coverage may be requested by completing an evidence of Your basic AD&D coverage amount equals your
insurability (EOI) form.
basic life beneit.
Supplemental Life Insurance
Specifics
X You must be enrolled for supplemental beneits
in order to be eligible for supplemental
dependent life coverage
X Supplemental dependent life insurance
coverage may be purchased in the
following amounts
Z Spouse—$10,000 increments to a
maximum beneit of $150,000; the amount
cannot exceed 50% of the employee’s
supplemental coverage
Z Children
X Birth to 6 months—$500
X 6 months to 26 years in $2,500 units to
$10,000
Z 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
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Designating Your Beneficiary
If you pass away while covered by this plan, the beneit
is paid to the beneiciary (or beneiciaries) you designate. AD&D
Please make sure your beneiciary information is accurate.
If you do not name a beneiciary, the beneit will be paid to Basic group term life and accidental death and
your estate.
dismemberment (AD&D) insurance is provided
You may update or add a beneiciary at anytime to you at no cost through Lincoln Financial. This
through Paycor. beneit is equal to one times your annual salary,
up to $50,000. In addition, you may purchase
supplemental life coverage in $10,000 increments up
Please Note to three times your annual earnings or $300,000.
Beneits enrollment is not ofered this year. However,
coverage may be requested by completing an evidence of Your basic AD&D coverage amount equals your
insurability (EOI) form.
basic life beneit.
Supplemental Life Insurance
Specifics
X You must be enrolled for supplemental beneits
in order to be eligible for supplemental
dependent life coverage
X Supplemental dependent life insurance
coverage may be purchased in the
following amounts
Z Spouse—$10,000 increments to a
maximum beneit of $150,000; the amount
cannot exceed 50% of the employee’s
supplemental coverage
Z Children
X Birth to 6 months—$500
X 6 months to 26 years in $2,500 units to
$10,000
Z 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
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