Page 10 - Guide
P. 10
Voluntary Life Insurance
We recognize you and your family have speciic needs, and our company paid life
insurance policy may not be enough to ensure your inancial security if your income
were suddenly lost. If necessary, we offer a voluntary life insurance option with
competitive group rates so you can purchase and secure the inancial protection you
need. Voluntary Life Insurance can be purchased in increments of $10,000 up to 5
times your basic annual earnings to a maximum of $500,000. You can elect up to
$250,000 without needing to provide evidence of insurability (EOI).
You may purchase life insurance for your spouse in $5,000 increments up to
$500,000 subject to a maximum of 100% of your elected beneit. You can elect up
to $50,000 without providing evidence of insurability. Dependent children may be
covered up to $10,000. If you choose to enroll outside of your initial eligibility, you
must submit evidence of insurability.
Your individual premium rate will depend on your age. View the age/rate table to
determine how much this beneit will cost.
2017 Open
Enrollment Employee and Spouse Voluntary Life Rates
Unum is allowing a true Age Category Rate per $1,000 of Coverage
open enrollment for you Under 25 $0.060
and your dependents. This 25–29 $0.070
means that you can select 30–34 $0.080
up to the guarantee issue
amounts without submitting 35–39 $0.098
any Evidence of Insurability 40–44 $0.130
(EOI) even if you’ve never had 45–49 $0.196
Voluntary Life coverage before. 50–54 $0.320
If you currently have a policy in 55–59 $0.530
excess of the guarantee issue 60–64 $0.830
with Anthem, Unum is going to 65–69 $1.350
grandfather that policy so that 70–74 $2.390
you do not need to submit EOI. 75+ $4.060
Child $0.080
Remember to complete your beneiciary information when you enroll. You may
make beneiciary changes at any time.
10 ClearChoice
We recognize you and your family have speciic needs, and our company paid life
insurance policy may not be enough to ensure your inancial security if your income
were suddenly lost. If necessary, we offer a voluntary life insurance option with
competitive group rates so you can purchase and secure the inancial protection you
need. Voluntary Life Insurance can be purchased in increments of $10,000 up to 5
times your basic annual earnings to a maximum of $500,000. You can elect up to
$250,000 without needing to provide evidence of insurability (EOI).
You may purchase life insurance for your spouse in $5,000 increments up to
$500,000 subject to a maximum of 100% of your elected beneit. You can elect up
to $50,000 without providing evidence of insurability. Dependent children may be
covered up to $10,000. If you choose to enroll outside of your initial eligibility, you
must submit evidence of insurability.
Your individual premium rate will depend on your age. View the age/rate table to
determine how much this beneit will cost.
2017 Open
Enrollment Employee and Spouse Voluntary Life Rates
Unum is allowing a true Age Category Rate per $1,000 of Coverage
open enrollment for you Under 25 $0.060
and your dependents. This 25–29 $0.070
means that you can select 30–34 $0.080
up to the guarantee issue
amounts without submitting 35–39 $0.098
any Evidence of Insurability 40–44 $0.130
(EOI) even if you’ve never had 45–49 $0.196
Voluntary Life coverage before. 50–54 $0.320
If you currently have a policy in 55–59 $0.530
excess of the guarantee issue 60–64 $0.830
with Anthem, Unum is going to 65–69 $1.350
grandfather that policy so that 70–74 $2.390
you do not need to submit EOI. 75+ $4.060
Child $0.080
Remember to complete your beneiciary information when you enroll. You may
make beneiciary changes at any time.
10 ClearChoice
