Page 16 - 2017-18 Centennial Benefits Guide Staff
P. 16
Life and AD&D Insurance
Basic Term Life and Optional Term Life
Accidental Death You have the opportunity to purchase additional term life insurance for
& Dismemberment yourself and your dependents through Mutual of Omaha. Guarantee
(AD&D) Insurance Issue only applies during your new hire eligibility period. If you do not
The Company provides you elect coverage upon hire or wish to increase coverage at a later date, you
with basic term life and AD&D will be required to complete an Evidence of Insurability (EOI) form.
insurance equal to your base Rates for Employee and Spouse/Domestic Partner coverage are based
annual salary rounded to the next on your age. For additional information on beneits and cost, refer to the
higher thousand. This coverage Centennial Portal or contact Human Resources.
is at no cost to you and is offered
Guarantee
through Mutual of Omaha. Optional Life Insurance Issue Term Life Optional AD&D
Coverage Amounts only for Insurance
Coverage
New Hires **
$10,000 increments up to a $10,000 increments
to the lesser of
Employee maximum of the lesser of 7x $200,000 10x your base
your base annual salary or
$500,000 annual earnings or
$500,000
$5,000 increments up to
a maximum of the lesser
of 50% of the employee 60% of the
election or $250,000; employee election
Spouse/ spouse/domestic partner if no children are
domestic coverage terminates at age $50,000 covered or 50%
partner 75 . Please note that you of the employee
must elect optional coverage election if children
for yourself if you wish to are covered
elect coverage for your
spouse or domestic partner .
25% of the
employee election
Child(ren)/ $10,000; children are if spouse/domestic
child(ren) covered at $500 age 14 partner is not
of domestic days to six months and are Not applicable covered or 15%
partner* not covered under 14 days of the employee
of age election if spouse/
domestic partner is
covered
* Up to age 26, regardless of full-time student status
** Subject to any reductions, guarantee issue means the amount of insurance for which you can
apply without submitting evidence of insurability
16 2017–18 Benefits Enrollment
Basic Term Life and Optional Term Life
Accidental Death You have the opportunity to purchase additional term life insurance for
& Dismemberment yourself and your dependents through Mutual of Omaha. Guarantee
(AD&D) Insurance Issue only applies during your new hire eligibility period. If you do not
The Company provides you elect coverage upon hire or wish to increase coverage at a later date, you
with basic term life and AD&D will be required to complete an Evidence of Insurability (EOI) form.
insurance equal to your base Rates for Employee and Spouse/Domestic Partner coverage are based
annual salary rounded to the next on your age. For additional information on beneits and cost, refer to the
higher thousand. This coverage Centennial Portal or contact Human Resources.
is at no cost to you and is offered
Guarantee
through Mutual of Omaha. Optional Life Insurance Issue Term Life Optional AD&D
Coverage Amounts only for Insurance
Coverage
New Hires **
$10,000 increments up to a $10,000 increments
to the lesser of
Employee maximum of the lesser of 7x $200,000 10x your base
your base annual salary or
$500,000 annual earnings or
$500,000
$5,000 increments up to
a maximum of the lesser
of 50% of the employee 60% of the
election or $250,000; employee election
Spouse/ spouse/domestic partner if no children are
domestic coverage terminates at age $50,000 covered or 50%
partner 75 . Please note that you of the employee
must elect optional coverage election if children
for yourself if you wish to are covered
elect coverage for your
spouse or domestic partner .
25% of the
employee election
Child(ren)/ $10,000; children are if spouse/domestic
child(ren) covered at $500 age 14 partner is not
of domestic days to six months and are Not applicable covered or 15%
partner* not covered under 14 days of the employee
of age election if spouse/
domestic partner is
covered
* Up to age 26, regardless of full-time student status
** Subject to any reductions, guarantee issue means the amount of insurance for which you can
apply without submitting evidence of insurability
16 2017–18 Benefits Enrollment
