Page 11 - Guide
P. 11
Life and Disability Insurance If you are newly eligible and
Life and disability insurance is provided through [Carrier]. have not previously waived
your opportunity to elect
coverage, you can elect up
Basic Life and Accidental Death and Dismemberment
to the guaranteed issue
(AD&D) amounts without submitting
evidence of insurability (EOI) .
The company automatically provides you a beneit of [#] times your annual If you are a late entrant
salary (up to $XXX,XXX), at no cost to you, for life insurance and accidental and have previously waived
death and dismemberment insurance. the opportunity to purchase
additional coverage, you may
be required to submit EOI .
Employee Voluntary Life and AD&D Insurance
You are eligible to purchase voluntary life insurance in increments of [X]
times your annual salary up to a maximum beneit of [$XXX,XXX]. The
same coverage options exist for voluntary AD&D insurance.
Spouse and Dependent Voluntary Life and AD&D
Insurance
If you elect voluntary life coverage for yourself, you can also elect voluntary
life coverage for your spouse in coverage increments of [$X,XXX].
Dependent child life coverage is available in coverage levels of $2,000, $5,000,
or $10,000. Voluntary AD&D options are in increments of [#] times your
annual salary up to a maximum beneit of $XXX,XXX.
Short Term Disability (STD)
The company provides short term disability insurance to help provide
inancial security until you get back on your feet and return to work. The plan
covers [XX%] of your pre-disability earnings for up to [XX] days. There is
a [#]-day waiting period for illnesses, but coverage for an accident will begin
immediately.
Long Term Disability (LTD)
The company provides long term disability insurance to offer you inancial
assistance in the event you are unable to work for an extended period of
time. The plan covers [XX%] of your pre-disability earnings, but you have
the option to purchase our buy-up LTD coverage for an additional [XX%]
of coverage. The maximum beneit of base coverage is [$X,XXX] monthly;
if you purchase the buy-up LTD coverage you may receive an additional
[$X,XXX] monthly. [Client Name] 11
Life and disability insurance is provided through [Carrier]. have not previously waived
your opportunity to elect
coverage, you can elect up
Basic Life and Accidental Death and Dismemberment
to the guaranteed issue
(AD&D) amounts without submitting
evidence of insurability (EOI) .
The company automatically provides you a beneit of [#] times your annual If you are a late entrant
salary (up to $XXX,XXX), at no cost to you, for life insurance and accidental and have previously waived
death and dismemberment insurance. the opportunity to purchase
additional coverage, you may
be required to submit EOI .
Employee Voluntary Life and AD&D Insurance
You are eligible to purchase voluntary life insurance in increments of [X]
times your annual salary up to a maximum beneit of [$XXX,XXX]. The
same coverage options exist for voluntary AD&D insurance.
Spouse and Dependent Voluntary Life and AD&D
Insurance
If you elect voluntary life coverage for yourself, you can also elect voluntary
life coverage for your spouse in coverage increments of [$X,XXX].
Dependent child life coverage is available in coverage levels of $2,000, $5,000,
or $10,000. Voluntary AD&D options are in increments of [#] times your
annual salary up to a maximum beneit of $XXX,XXX.
Short Term Disability (STD)
The company provides short term disability insurance to help provide
inancial security until you get back on your feet and return to work. The plan
covers [XX%] of your pre-disability earnings for up to [XX] days. There is
a [#]-day waiting period for illnesses, but coverage for an accident will begin
immediately.
Long Term Disability (LTD)
The company provides long term disability insurance to offer you inancial
assistance in the event you are unable to work for an extended period of
time. The plan covers [XX%] of your pre-disability earnings, but you have
the option to purchase our buy-up LTD coverage for an additional [XX%]
of coverage. The maximum beneit of base coverage is [$X,XXX] monthly;
if you purchase the buy-up LTD coverage you may receive an additional
[$X,XXX] monthly. [Client Name] 11
