Page 14 - Lanter Delivery Systems 2021 Benefits Guide
P. 14
2020
Voluntary Life
Insurance
In addition to our company paid life insurance, we
partner with Cigna to provide you the option to
purchase additional life insurance for yourself and
family members.
The guarantee issue amounts illustrated below are
available for new hires only without having to submit
evidence of insurability (EOI).
Coverage Options
For Yourself
Beneit Amount $10,000 increments
Beneit Up to $500,000 or 5 times your salary, whichever
is less
Guarantee Issue $150,000
Amount
For Your Spouse
Beneit Amount $5,000 increments
Beneit Up to $200,000 or 100% of the employee
voluntary life amount, whichever is less
Guarantee Issue $30,000
Amount
For Your Child(ren) to Age 19 (or to age 26 if a full-time
student)
Beneit Amount $10,000
Guarantee Issue $10,000
Amount
Cost of Coverage
Your rate will depend on your age and your
tobacco status. Spouse rates will be based on the
spouse’s age.
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Voluntary Life
Insurance
In addition to our company paid life insurance, we
partner with Cigna to provide you the option to
purchase additional life insurance for yourself and
family members.
The guarantee issue amounts illustrated below are
available for new hires only without having to submit
evidence of insurability (EOI).
Coverage Options
For Yourself
Beneit Amount $10,000 increments
Beneit Up to $500,000 or 5 times your salary, whichever
is less
Guarantee Issue $150,000
Amount
For Your Spouse
Beneit Amount $5,000 increments
Beneit Up to $200,000 or 100% of the employee
voluntary life amount, whichever is less
Guarantee Issue $30,000
Amount
For Your Child(ren) to Age 19 (or to age 26 if a full-time
student)
Beneit Amount $10,000
Guarantee Issue $10,000
Amount
Cost of Coverage
Your rate will depend on your age and your
tobacco status. Spouse rates will be based on the
spouse’s age.
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