Page 17 - Benefits Guide
P. 17
Voluntary Life and AD&D Evidence of
Insurance Insurability (EOI)
Evidence of insurability is an
We understand for some families, the basic life and accidental death and application process in which you
dismemberment (AD&D) insurance beneit isn’t enough to provide complete a health questionnaire and
long-term inancial security. This is why myNEXUS is proud to offer a submit it to our insurance carrier .
EOI is required under the following
voluntary life and AD&D insurance option with competitive group rates circumstances .
so you can purchase the additional inancial protection you need. In order
for coverage to be effective, you must be actively at work, or your spouse/ You previously waived the
opportunity to elect this
dependent children must be performing the activities of similarly situated coverage and are now electing
dependents, on the date coverage is effective. coverage for the irst time
Employee Voluntary Life and AD&D Insurance You are requesting over the
guaranteed issue amount
You are eligible to purchase voluntary life and AD&D insurance in If you elected coverage when
increments of $10,000 up to the lesser of 5x salary or $350,000. Evidence initially eligible, each year at
of insurability (EOI) is required for amounts greater than $100,000 annual enrollment you may
($10,000 if age 70 or over). increase your coverage by
$10,000 or your spouse’s
coverage by $5,000 without
Spouse Voluntary Life Insurance submitting EOI, as long as your
If you elect voluntary life coverage for yourself, you can also elect total coverage does not exceed
the employee or spouse EOI
voluntary life and AD&D coverage for your spouse. You can purchase limit noted to the left; in order
coverage in $5,000 increments not to exceed 50% of the voluntary for an increase in coverage
coverage you purchase for yourself. Your spouse’s coverage cannot exceed to be effective, you and your
$150,000. EOI is required for amounts greater than $30,000 ($10,000 if dependents must be actively at
your spouse is age 70 or over). work as noted to the left
Your elections are subject to
Dependent Voluntary Life Insurance approval from our insurance carrier
before considered inal.
Dependent child life coverage is available in lat amounts depending on
the age of the child. If your child is younger than 14 days, their beneit
amount is $1,000. If your child is 14 days or older, their beneit amount is
a lat $10,000.
Note: a dependent’s beneit cannot exceed 50% of the employee’s beneit amount.
myNEXUS 17
Insurance Insurability (EOI)
Evidence of insurability is an
We understand for some families, the basic life and accidental death and application process in which you
dismemberment (AD&D) insurance beneit isn’t enough to provide complete a health questionnaire and
long-term inancial security. This is why myNEXUS is proud to offer a submit it to our insurance carrier .
EOI is required under the following
voluntary life and AD&D insurance option with competitive group rates circumstances .
so you can purchase the additional inancial protection you need. In order
for coverage to be effective, you must be actively at work, or your spouse/ You previously waived the
opportunity to elect this
dependent children must be performing the activities of similarly situated coverage and are now electing
dependents, on the date coverage is effective. coverage for the irst time
Employee Voluntary Life and AD&D Insurance You are requesting over the
guaranteed issue amount
You are eligible to purchase voluntary life and AD&D insurance in If you elected coverage when
increments of $10,000 up to the lesser of 5x salary or $350,000. Evidence initially eligible, each year at
of insurability (EOI) is required for amounts greater than $100,000 annual enrollment you may
($10,000 if age 70 or over). increase your coverage by
$10,000 or your spouse’s
coverage by $5,000 without
Spouse Voluntary Life Insurance submitting EOI, as long as your
If you elect voluntary life coverage for yourself, you can also elect total coverage does not exceed
the employee or spouse EOI
voluntary life and AD&D coverage for your spouse. You can purchase limit noted to the left; in order
coverage in $5,000 increments not to exceed 50% of the voluntary for an increase in coverage
coverage you purchase for yourself. Your spouse’s coverage cannot exceed to be effective, you and your
$150,000. EOI is required for amounts greater than $30,000 ($10,000 if dependents must be actively at
your spouse is age 70 or over). work as noted to the left
Your elections are subject to
Dependent Voluntary Life Insurance approval from our insurance carrier
before considered inal.
Dependent child life coverage is available in lat amounts depending on
the age of the child. If your child is younger than 14 days, their beneit
amount is $1,000. If your child is 14 days or older, their beneit amount is
a lat $10,000.
Note: a dependent’s beneit cannot exceed 50% of the employee’s beneit amount.
myNEXUS 17
