Page 16 - 2017-18 Optimas Benefits Guide
P. 16
Life Insurance
Evidence of Basic Life and Accidental Death and
Dismemberment (AD&D)
Insurability
Evidence of Insurability (EOI), also Optimas provides, at no cost to you, basic life with accidental death and
known as proof of good health, is dismemberment insurance. Your coverage amount is equal to 1.5x your
required in certain circumstances. covered annual earnings up to $250,000. Your life insurance beneit also
includes accidental death and dismemberment beneits.
You may elect up to $150,000
of coverage for yourself;
$25,000 of coverage for Supplemental Life Insurance
your spouse and $10,000 of
coverage for your dependent You are eligible to purchase voluntary life insurance for yourself and your
child(ren) without EOI dependents at competitive group rates. You may purchase coverage for
yourself in increments of $5,000 to a maximum of 5x your annual salary
If you request coverage in excess
of the amount noted above, you or $500,000 (whichever is less). You may purchase coverage for your
must complete an EOI form and be spouse in increments of $5,000 to a maximum of $250,000, not to exceed
approved by Unum. 100% of the employee amount. You may purchase $10,000 in coverage
for your dependent children.
Optimas Your individual premium rate will depend on your age or your spouse’s
Make sure your
beneficiary information is and will be paid on an after-tax basis. View the chart on this page to
accurate and up-to-date. determine how much this beneit will cost. The rate will not change due
to a birthday which takes you to a new age band until the next policy
period beginning on July 1, 2018.
Voluntary Life Coverage Rates
Monthly Rate per $1,000 Coverage Monthly Rate per $1,000 Coverage
Age Category Rate Age Category Rate
Under 25 $0.086 55–59 $1.05
25–29 $0.086 60–64 $1.53
30–34 $0.124 65–69 $2.385
35–39 $0.152 70–74 $4.028
40–44 $0.247 75+ $4.028
45–49 $0.428 Dependent $1.50 for $10,000
50–54 $0.694 Child(ren) of coverage
16 2017–18 Benefits Enrollment
Evidence of Basic Life and Accidental Death and
Dismemberment (AD&D)
Insurability
Evidence of Insurability (EOI), also Optimas provides, at no cost to you, basic life with accidental death and
known as proof of good health, is dismemberment insurance. Your coverage amount is equal to 1.5x your
required in certain circumstances. covered annual earnings up to $250,000. Your life insurance beneit also
includes accidental death and dismemberment beneits.
You may elect up to $150,000
of coverage for yourself;
$25,000 of coverage for Supplemental Life Insurance
your spouse and $10,000 of
coverage for your dependent You are eligible to purchase voluntary life insurance for yourself and your
child(ren) without EOI dependents at competitive group rates. You may purchase coverage for
yourself in increments of $5,000 to a maximum of 5x your annual salary
If you request coverage in excess
of the amount noted above, you or $500,000 (whichever is less). You may purchase coverage for your
must complete an EOI form and be spouse in increments of $5,000 to a maximum of $250,000, not to exceed
approved by Unum. 100% of the employee amount. You may purchase $10,000 in coverage
for your dependent children.
Optimas Your individual premium rate will depend on your age or your spouse’s
Make sure your
beneficiary information is and will be paid on an after-tax basis. View the chart on this page to
accurate and up-to-date. determine how much this beneit will cost. The rate will not change due
to a birthday which takes you to a new age band until the next policy
period beginning on July 1, 2018.
Voluntary Life Coverage Rates
Monthly Rate per $1,000 Coverage Monthly Rate per $1,000 Coverage
Age Category Rate Age Category Rate
Under 25 $0.086 55–59 $1.05
25–29 $0.086 60–64 $1.53
30–34 $0.124 65–69 $2.385
35–39 $0.152 70–74 $4.028
40–44 $0.247 75+ $4.028
45–49 $0.428 Dependent $1.50 for $10,000
50–54 $0.694 Child(ren) of coverage
16 2017–18 Benefits Enrollment
