Page 20 - 2015 First Busey Enrollment Guide
P. 20
Beneits
Enrollment
Voluntary spouse life Voluntary short term disability (associate paid)
insurance Voluntary Short Term Disability (STD) provides you with a percentage
Once you elect coverage for yourself, of your weekly income while you are out of work following a non-
you can elect voluntary life insurance work related accident or illness. You may purchase STD coverage at
coverage for your spouse. You can competitive group rates. This beneit is offered through AIG.
elect up to $200,000 or 50% of your
elected amount in $5,000 increments Long term disability (company paid)
for your spouse. The guaranteed issue Long Term Disability (LTD) protects your family’s inancial
amount for your spouse is $50,000. circumstances by providing you with a percentage of your income
You will need to supply proof of while you are disabled. First Busey provides an LTD beneit at no
good health if you have previously cost to you. In the event of an illness or accident which requires a
waived this coverage, are changing lengthy recovery, you may be eligible for company provided Long Term
your existing coverage, or are electing Disability coverage. This beneit is offered through AIG.
coverage greater than the guaranteed
issue amount. If this is the case, your
elections are subject to approval. Worksite Beneits
Voluntary children life
insurance Worksite Benefits (associate paid)
If you’ve elected coverage for Busey offers two Worksite Beneit Products through AFLAC:
yourself, dependent child life
coverage is also available to purchase. Critical Illness: Critical Illness insurance pays a lump sum beneit at
Dependents are eligible for a lat the diagnosis of a covered illness. You can choose the level of coverage
$10,000 of coverage from birth to age you want and use this payment any way you like. Examples of covered
19 or 26 if a full-time student. conditions include heart attack, blindness, or major organ failure. Keep
in mind, pre-existing condition limitations and guarantee issue amounts
Voluntary dependent life apply.
(associate paid)
In addition to the voluntary spouse Accident: This plan pays a beneit for accidents which occur on or
off the job. Examples of covered accidents include broken bones,
and child(ren) life insurance, you can eye injuries, cuts repaired by stitches, burns, and some emergency
elect a lat $10,000 for your spouse or room treatments. There is no evidence of insurability required for this
$5,000 for children. You do not need beneit. Your spouse and/or dependents can also take advantage of the
to elect coverage for yourself in order Accident Insurance program. Your premiums depend on the level of
to elect coverage for your spouse and beneit you choose.
child(ren).
20
Enrollment
Voluntary spouse life Voluntary short term disability (associate paid)
insurance Voluntary Short Term Disability (STD) provides you with a percentage
Once you elect coverage for yourself, of your weekly income while you are out of work following a non-
you can elect voluntary life insurance work related accident or illness. You may purchase STD coverage at
coverage for your spouse. You can competitive group rates. This beneit is offered through AIG.
elect up to $200,000 or 50% of your
elected amount in $5,000 increments Long term disability (company paid)
for your spouse. The guaranteed issue Long Term Disability (LTD) protects your family’s inancial
amount for your spouse is $50,000. circumstances by providing you with a percentage of your income
You will need to supply proof of while you are disabled. First Busey provides an LTD beneit at no
good health if you have previously cost to you. In the event of an illness or accident which requires a
waived this coverage, are changing lengthy recovery, you may be eligible for company provided Long Term
your existing coverage, or are electing Disability coverage. This beneit is offered through AIG.
coverage greater than the guaranteed
issue amount. If this is the case, your
elections are subject to approval. Worksite Beneits
Voluntary children life
insurance Worksite Benefits (associate paid)
If you’ve elected coverage for Busey offers two Worksite Beneit Products through AFLAC:
yourself, dependent child life
coverage is also available to purchase. Critical Illness: Critical Illness insurance pays a lump sum beneit at
Dependents are eligible for a lat the diagnosis of a covered illness. You can choose the level of coverage
$10,000 of coverage from birth to age you want and use this payment any way you like. Examples of covered
19 or 26 if a full-time student. conditions include heart attack, blindness, or major organ failure. Keep
in mind, pre-existing condition limitations and guarantee issue amounts
Voluntary dependent life apply.
(associate paid)
In addition to the voluntary spouse Accident: This plan pays a beneit for accidents which occur on or
off the job. Examples of covered accidents include broken bones,
and child(ren) life insurance, you can eye injuries, cuts repaired by stitches, burns, and some emergency
elect a lat $10,000 for your spouse or room treatments. There is no evidence of insurability required for this
$5,000 for children. You do not need beneit. Your spouse and/or dependents can also take advantage of the
to elect coverage for yourself in order Accident Insurance program. Your premiums depend on the level of
to elect coverage for your spouse and beneit you choose.
child(ren).
20
