Page 18 - Intertek 2022 Benefits Guide
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Life Insurance
Basic Life Insurance Voluntary Life Insurance
Intertek provides basic life insurance with accidental Intertek ofers you the ability to purchase voluntary life
death and dismemberment insurance at no cost to you. insurance at competitive group rates. Voluntary Life
Insurance can be purchased from 1 to 6 times your
Basic Life Benefit base annual salary.
■ Two times your base annual earnings up to a
maximum of $500,000 Evidence of Insurability (EOI) or proof of good health is
■ You may opt out of this level of coverage and required under the following circumstances.
elect a lat $50,000 beneit to avoid imputed ■ Late entrant: you have previously waived the
income opportunity to elect this coverage and are now
■ A lat payment of $5,000 for your spouse or same- electing coverage for the irst time
sex domestic partner ■ Current participant: you currently have this
■ A lat payment of $2,000 for dependent children coverage and are requesting an increase to your
■ Guaranteed issue current coverage amount
■ Newly eligible: you have never been ofered this
coverage previously or waived this coverage
previously and you are requesting over the
You can also purchase voluntary life coverage for your
spouse or samesex domestic partner if you’ve also purchased guaranteed issue amount of 3× earnings or
voluntary life coverage for yourself. This coverage is available $250,000, whichever is less
in $10,000 increments not to exceed the lesser of 50% of
your employee election or $120,000.
Age Band Rate per $1,000 of Beneit Coverage
18–29 $0.056
30–34 $0.064
35–39 $0.096
40–44 $0.144
45–49 $0.224
50–54 $0.368
55–59 $0.592
60–64 $0.728
65+ $1.160
Optional life insurance rates for you and your spouse or
same-sex domestic partner. Spouse rates are based on
spouse’s age band.
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Basic Life Insurance Voluntary Life Insurance
Intertek provides basic life insurance with accidental Intertek ofers you the ability to purchase voluntary life
death and dismemberment insurance at no cost to you. insurance at competitive group rates. Voluntary Life
Insurance can be purchased from 1 to 6 times your
Basic Life Benefit base annual salary.
■ Two times your base annual earnings up to a
maximum of $500,000 Evidence of Insurability (EOI) or proof of good health is
■ You may opt out of this level of coverage and required under the following circumstances.
elect a lat $50,000 beneit to avoid imputed ■ Late entrant: you have previously waived the
income opportunity to elect this coverage and are now
■ A lat payment of $5,000 for your spouse or same- electing coverage for the irst time
sex domestic partner ■ Current participant: you currently have this
■ A lat payment of $2,000 for dependent children coverage and are requesting an increase to your
■ Guaranteed issue current coverage amount
■ Newly eligible: you have never been ofered this
coverage previously or waived this coverage
previously and you are requesting over the
You can also purchase voluntary life coverage for your
spouse or samesex domestic partner if you’ve also purchased guaranteed issue amount of 3× earnings or
voluntary life coverage for yourself. This coverage is available $250,000, whichever is less
in $10,000 increments not to exceed the lesser of 50% of
your employee election or $120,000.
Age Band Rate per $1,000 of Beneit Coverage
18–29 $0.056
30–34 $0.064
35–39 $0.096
40–44 $0.144
45–49 $0.224
50–54 $0.368
55–59 $0.592
60–64 $0.728
65+ $1.160
Optional life insurance rates for you and your spouse or
same-sex domestic partner. Spouse rates are based on
spouse’s age band.
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