Page 13 - AB Mauri 2022 Benefits Guide OHLY
P. 13
2022 Benefits Enrollment
Life Insurance and Accidental Death and
Dismemberment (AD&D)
Basic Life and Accidental Evidence of Insurability (EOI)
Death and Dismemberment Evidence of Insurability (EOI) or proof of good health
(AD&D) Insurance may be required for:
We partner with New York Life to provide you ■ Current participant: You currently have this
a company-paid life and accidental death and coverage and are requesting an increase to
dismemberment (AD&D) insurance policy to protect your coverage by more than 1 times annual
your beneiciaries—all at no cost to you. Our policy compensation at annual open enrollment or are
helps provide a inancial safety net in the event of requesting coverage above the guarantee issue
a death or if an accident leaves you with certain amount
debilitating injuries.
■ Late entrant: You waived the opportunity
to elect this coverage for yourself, spouse,
or child(ren) when irst eligible and are now
1.5 times annual covered
Beneit Amount electing coverage for the irst time
earnings
Beneit Maximum $700,000 ■ New hire: You are electing this coverage when
Guarantee Issue $500,000 irst eligible upon employment and you are
Amount requesting coverage over the guarantee issue
Optional Life Insurance amount
In addition to our company-paid life insurance, we Coverage is not in force until the carrier underwriting
provides approval.
partner with New York Life to provide you the option
to purchase additional life insurance for yourself and
family members.
Coverage Options
For Yourself
1, 2, 3, or 4 times your annual
Beneit Amount
compensation
Beneit Maximum $700,000
Guarantee Issue The lesser of 2 times annual
Amount compensation or $300,000
For Your Spouse
Beneit Amount $10,000
Beneit Maximum $10,000
For Your Child(ren) to Age 26
Beneit Amount $2,000
Beneit Maximum $2,000
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Life Insurance and Accidental Death and
Dismemberment (AD&D)
Basic Life and Accidental Evidence of Insurability (EOI)
Death and Dismemberment Evidence of Insurability (EOI) or proof of good health
(AD&D) Insurance may be required for:
We partner with New York Life to provide you ■ Current participant: You currently have this
a company-paid life and accidental death and coverage and are requesting an increase to
dismemberment (AD&D) insurance policy to protect your coverage by more than 1 times annual
your beneiciaries—all at no cost to you. Our policy compensation at annual open enrollment or are
helps provide a inancial safety net in the event of requesting coverage above the guarantee issue
a death or if an accident leaves you with certain amount
debilitating injuries.
■ Late entrant: You waived the opportunity
to elect this coverage for yourself, spouse,
or child(ren) when irst eligible and are now
1.5 times annual covered
Beneit Amount electing coverage for the irst time
earnings
Beneit Maximum $700,000 ■ New hire: You are electing this coverage when
Guarantee Issue $500,000 irst eligible upon employment and you are
Amount requesting coverage over the guarantee issue
Optional Life Insurance amount
In addition to our company-paid life insurance, we Coverage is not in force until the carrier underwriting
provides approval.
partner with New York Life to provide you the option
to purchase additional life insurance for yourself and
family members.
Coverage Options
For Yourself
1, 2, 3, or 4 times your annual
Beneit Amount
compensation
Beneit Maximum $700,000
Guarantee Issue The lesser of 2 times annual
Amount compensation or $300,000
For Your Spouse
Beneit Amount $10,000
Beneit Maximum $10,000
For Your Child(ren) to Age 26
Beneit Amount $2,000
Beneit Maximum $2,000
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