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Olshan Properties
Life and Accidental Death & Dismemberment
(AD&D) Insurance Coverage
Olshan Properties provides basic life and AD&D insurance to all
eligible employees. This coverage pays a beneit to your named
beneiciary in the event of your death or certain debilitating injuries. During your initial new hire eligibility
This beneit is $30,000 and paid for by Olshan Properties. This period, Lincoln Financial will allow
beneit is offered through Lincoln Financial. you to elect coverage up to the
guaranteed issue amounts without
Voluntary Life submitting evidence of insurability.
If you would like to purchase voluntary life insurance in addition to If you want to increase your election
your company paid beneit, Olshan Properties offers you the ability beyond the guaranteed issue amounts,
to purchase voluntary life insurance. Voluntary life insurance can be evidence of insurability will be
purchased in increments of $10,000 up to a maximum of 5x your required before Lincoln Financial will
salary, or $500,000. Once you’ve elected coverage for yourself, you inalize and approve your election.
can elect coverage for your spouse and/or dependent children. Going forward, employees or spouses
will be able to increase coverage up
You can elect coverage for your spouse in $5,000 increments to a to two increments without submitting
maximum 50 percent of the your elected beneit, or $50,000. You evidence of insurability, but employees
can also elect coverage for your child(ren) in $2,000 increments to a or spouses who have declined coverage
maximum of $10,000. or withdrawn a coverage request will
not be eligible for the increase without
submitting evidence of insurability.
The guaranteed issue amounts are as
follows.
Employee guaranteed issue
amount = $200,000
Spouse guaranteed issue amount =
$50,000
Child(ren) guaranteed issue
amount = $10,000
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Life and Accidental Death & Dismemberment
(AD&D) Insurance Coverage
Olshan Properties provides basic life and AD&D insurance to all
eligible employees. This coverage pays a beneit to your named
beneiciary in the event of your death or certain debilitating injuries. During your initial new hire eligibility
This beneit is $30,000 and paid for by Olshan Properties. This period, Lincoln Financial will allow
beneit is offered through Lincoln Financial. you to elect coverage up to the
guaranteed issue amounts without
Voluntary Life submitting evidence of insurability.
If you would like to purchase voluntary life insurance in addition to If you want to increase your election
your company paid beneit, Olshan Properties offers you the ability beyond the guaranteed issue amounts,
to purchase voluntary life insurance. Voluntary life insurance can be evidence of insurability will be
purchased in increments of $10,000 up to a maximum of 5x your required before Lincoln Financial will
salary, or $500,000. Once you’ve elected coverage for yourself, you inalize and approve your election.
can elect coverage for your spouse and/or dependent children. Going forward, employees or spouses
will be able to increase coverage up
You can elect coverage for your spouse in $5,000 increments to a to two increments without submitting
maximum 50 percent of the your elected beneit, or $50,000. You evidence of insurability, but employees
can also elect coverage for your child(ren) in $2,000 increments to a or spouses who have declined coverage
maximum of $10,000. or withdrawn a coverage request will
not be eligible for the increase without
submitting evidence of insurability.
The guaranteed issue amounts are as
follows.
Employee guaranteed issue
amount = $200,000
Spouse guaranteed issue amount =
$50,000
Child(ren) guaranteed issue
amount = $10,000
11
