Page 12 - 2018 Peak Benefit Guide
P. 12
Life, AD&D, STD, and LTD
If you are newly eligible and
have not previously waived your
opportunity to elect additional Insurance
term life insurance, you can elect
coverage up to the guaranteed Life and AD&D Insurance
issue amounts without submitting
evidence of insurability (EOI) . If We know inancial security and planning is a top priority for you. This is
you are a late entrant and have why we offer life insurance beneits to help inancially protect you and
previously waived the opportunity your family if your income were suddenly lost.
to purchase additional term life
insurance, you will be required to Peak-Ryzex provides, at no cost to you, basic term life and accidental
submit EOI .
death and dismemberment (AD&D) insurance equal to your annual
salary (including commissions) to a maximum of $500,000. You can also
purchase additional term life and AD&D insurance for yourself, spouse,
and dependent children.
Life Insurance At-a-Glance
AIG
Eligibility Active full-time employee will be covered on the irst of the
month following your date of hire
Employee Life Insurance
Basic 1x annual salary
Maximum $500,000
Supplemental Increments of $10,000 to the lesser of 5x annual salary or
$500,000; if you are in your newly eligible period you can
elect up to the lesser of 5x annual salary or $250,000 without
completing medical underwriting
Living Beneit
If you become terminally ill while covered, you can claim up to 80% of the combined
value of your life coverage while you are still living; terminally ill means you are
expected to live 12 months or less
Dependent Life Insurance
Spouse $10,000 increments to a max of $250,000 (not to exceed 100%
of employee beneit) if you are in your newly eligible period you
can elect up to $50,000 without completing medical underwriting
Child (children Choice of $5,000, $10,000, or $15,000
from live birth
to 26 years are
eligible)
12 2018 Benefits Enrollment
If you are newly eligible and
have not previously waived your
opportunity to elect additional Insurance
term life insurance, you can elect
coverage up to the guaranteed Life and AD&D Insurance
issue amounts without submitting
evidence of insurability (EOI) . If We know inancial security and planning is a top priority for you. This is
you are a late entrant and have why we offer life insurance beneits to help inancially protect you and
previously waived the opportunity your family if your income were suddenly lost.
to purchase additional term life
insurance, you will be required to Peak-Ryzex provides, at no cost to you, basic term life and accidental
submit EOI .
death and dismemberment (AD&D) insurance equal to your annual
salary (including commissions) to a maximum of $500,000. You can also
purchase additional term life and AD&D insurance for yourself, spouse,
and dependent children.
Life Insurance At-a-Glance
AIG
Eligibility Active full-time employee will be covered on the irst of the
month following your date of hire
Employee Life Insurance
Basic 1x annual salary
Maximum $500,000
Supplemental Increments of $10,000 to the lesser of 5x annual salary or
$500,000; if you are in your newly eligible period you can
elect up to the lesser of 5x annual salary or $250,000 without
completing medical underwriting
Living Beneit
If you become terminally ill while covered, you can claim up to 80% of the combined
value of your life coverage while you are still living; terminally ill means you are
expected to live 12 months or less
Dependent Life Insurance
Spouse $10,000 increments to a max of $250,000 (not to exceed 100%
of employee beneit) if you are in your newly eligible period you
can elect up to $50,000 without completing medical underwriting
Child (children Choice of $5,000, $10,000, or $15,000
from live birth
to 26 years are
eligible)
12 2018 Benefits Enrollment
