Page 22 - Future Steps
P. 22
Evidence of
Insurability Life, STD, and LTD Insurance
If you are newly eligible and Life and AD&D insurance can provide valuable inancial protection and GESM
have not previously waived
your opportunity to elect offers you the choice of different levels of coverage to meet your needs. GESM
additional term life insurance, offers two term life and AD&D insurance plans: the basic term life and AD&D
you can elect coverage up
to the guaranteed issue insurance plan and the voluntary term life and AD&D insurance plan. Both plans are
amounts without submitting insured and administered by The Standard.
evidence of insurability (EOI).
If you are a late entrant
and have previously waived Life and Accidental Death and Dismemberment (AD&D)
the opportunity to purchase Insurance
additional term life insurance,
you will be required to submit GESM automatically provides, at no cost to you, basic life and accidental death and
EOI. EOI is required for life
insurance amounts which dismemberment beneit equal to your base annual salary to a maximum of $50,000.
do the following. In the event of your death, our life insurance policy helps provide a general safety
X Exceed $150,000 for net for your beneiciaries. If your death is the result of an accident or if an accident
employees leaves you with certain debilitating injuries, you’ll be covered under our accidental
X Exceed $30,000 for
spouses death and dismemberment insurance for the same amount. We hope this company
paid policy helps you feel more secure and prepared to manage your inancial goals
and obligations.
If you die while covered by this plan, the beneit is paid to the beneiciary (or
beneiciaries) you designate. You can add or change your beneiciary(ies) at any time
on ADP’s employee self-service web portal at HRVerify@goodwilleasterseals.org.
You can also call 651.379.5800 with any questions regarding ADP employee self
service.
Voluntary Life and AD&D Insurance
We recognize you and your family have speciic needs and our company paid life
Age Reduction of insurance policy may not be enough to ensure your inancial security if your income
Benefits were suddenly lost. If necessary, we offer a voluntary life and AD&D insurance
Life and AD&D benefits reduce option with competitive group rates so you can purchase and secure the inancial
beginning at age 70. See protection you need. Voluntary life insurance can be purchased in increments of
the Plan document for more $10,000 up to the lesser of ive times your annual salary or $500,000.
details.
GESM
22
Insurability Life, STD, and LTD Insurance
If you are newly eligible and Life and AD&D insurance can provide valuable inancial protection and GESM
have not previously waived
your opportunity to elect offers you the choice of different levels of coverage to meet your needs. GESM
additional term life insurance, offers two term life and AD&D insurance plans: the basic term life and AD&D
you can elect coverage up
to the guaranteed issue insurance plan and the voluntary term life and AD&D insurance plan. Both plans are
amounts without submitting insured and administered by The Standard.
evidence of insurability (EOI).
If you are a late entrant
and have previously waived Life and Accidental Death and Dismemberment (AD&D)
the opportunity to purchase Insurance
additional term life insurance,
you will be required to submit GESM automatically provides, at no cost to you, basic life and accidental death and
EOI. EOI is required for life
insurance amounts which dismemberment beneit equal to your base annual salary to a maximum of $50,000.
do the following. In the event of your death, our life insurance policy helps provide a general safety
X Exceed $150,000 for net for your beneiciaries. If your death is the result of an accident or if an accident
employees leaves you with certain debilitating injuries, you’ll be covered under our accidental
X Exceed $30,000 for
spouses death and dismemberment insurance for the same amount. We hope this company
paid policy helps you feel more secure and prepared to manage your inancial goals
and obligations.
If you die while covered by this plan, the beneit is paid to the beneiciary (or
beneiciaries) you designate. You can add or change your beneiciary(ies) at any time
on ADP’s employee self-service web portal at HRVerify@goodwilleasterseals.org.
You can also call 651.379.5800 with any questions regarding ADP employee self
service.
Voluntary Life and AD&D Insurance
We recognize you and your family have speciic needs and our company paid life
Age Reduction of insurance policy may not be enough to ensure your inancial security if your income
Benefits were suddenly lost. If necessary, we offer a voluntary life and AD&D insurance
Life and AD&D benefits reduce option with competitive group rates so you can purchase and secure the inancial
beginning at age 70. See protection you need. Voluntary life insurance can be purchased in increments of
the Plan document for more $10,000 up to the lesser of ive times your annual salary or $500,000.
details.
GESM
22
