Page 13 - 2017 Benefits Enrollment
P. 13
Life, AD&D, STD, and LTD 2017 Beneits Enrollment
Insurance If you are newly
Life and AD&D Insurance eligible and have not
previously waived your
We know inancial security and planning is a top priority for you. This is why we opportunity to elect additional
term life insurance, you can
offer life insurance beneits to help inancially protect you and your family if your elect coverage up to the
income were suddenly lost. guaranteed issue amounts
without submitting evidence of
insurability (EOI). If you elect
Sulzer provides, at no cost to you, basic term life and accidental death and coverage when initially eligible,
dismemberment (AD&D) insurance equal to 2 times your annual base salary to each year during benefits
a maximum of $350,000. You can also purchase additional term life and AD&D enrollment you may increase
your coverage by 1 level
insurance for yourself, your spouse, and dependent children. without EOI (only applicable
to you, not your spouse). If
Life Insurance At-a-Glance you are a late entrant and
Liberty Mutual have previously waived the
Eligibility Active full-time employee working at least 30 hours per week opportunity to purchase
additional term life insurance,
Employee Life Insurance you will be required to submit
Basic 2x annual salary EOI.
Maximum $350,000
Voluntary 1, 1.5, 2, 2.5, or 3 times pay to a maximum of $1,000,000; if you are
in your newly eligible period you can elect up to the guaranteed issue
amount of $350,000 without completing EOI (evidence of insurability)
Living Benefit
If you become terminally ill while covered, you can claim up to 75% of the combined value of
your basic and voluntary life coverage up to $500,000 while you are still living
Dependent Life Insurance
Spouse 50% of your elected amount, rounded to the next higher $1,000; if you
are in your newly eligible period you can elect up to $50,000 is guaranteed
without completing medical underwriting
Child (children from $5,000, $10,000, or $15,000 per child
live birth to 26 years
are eligible)
Guaranteed Issue Amounts
Employee Lesser of $350,000 or 3x basic annual earnings
Spouse $50,000
Child(ren) All guaranteed
13
Insurance If you are newly
Life and AD&D Insurance eligible and have not
previously waived your
We know inancial security and planning is a top priority for you. This is why we opportunity to elect additional
term life insurance, you can
offer life insurance beneits to help inancially protect you and your family if your elect coverage up to the
income were suddenly lost. guaranteed issue amounts
without submitting evidence of
insurability (EOI). If you elect
Sulzer provides, at no cost to you, basic term life and accidental death and coverage when initially eligible,
dismemberment (AD&D) insurance equal to 2 times your annual base salary to each year during benefits
a maximum of $350,000. You can also purchase additional term life and AD&D enrollment you may increase
your coverage by 1 level
insurance for yourself, your spouse, and dependent children. without EOI (only applicable
to you, not your spouse). If
Life Insurance At-a-Glance you are a late entrant and
Liberty Mutual have previously waived the
Eligibility Active full-time employee working at least 30 hours per week opportunity to purchase
additional term life insurance,
Employee Life Insurance you will be required to submit
Basic 2x annual salary EOI.
Maximum $350,000
Voluntary 1, 1.5, 2, 2.5, or 3 times pay to a maximum of $1,000,000; if you are
in your newly eligible period you can elect up to the guaranteed issue
amount of $350,000 without completing EOI (evidence of insurability)
Living Benefit
If you become terminally ill while covered, you can claim up to 75% of the combined value of
your basic and voluntary life coverage up to $500,000 while you are still living
Dependent Life Insurance
Spouse 50% of your elected amount, rounded to the next higher $1,000; if you
are in your newly eligible period you can elect up to $50,000 is guaranteed
without completing medical underwriting
Child (children from $5,000, $10,000, or $15,000 per child
live birth to 26 years
are eligible)
Guaranteed Issue Amounts
Employee Lesser of $350,000 or 3x basic annual earnings
Spouse $50,000
Child(ren) All guaranteed
13
