Page 11 - NH Non NC Guide
P. 11
Life Insurance
Life insurance can provide valuable inancial protection and Mitchell Gold +
Bob Williams offers you the choice of different levels of coverage to meet Evidence of
your needs. Mitchell Gold + Bob Williams offers two term life insurance Insurability
plans: the basic term life insurance and the voluntary term life insurance plan. New employees are allowed to elect
Both plans are insured and administered by Unum. voluntary employee life coverage
up to $150,000 without submitting
evidence of insurability (EOI). This
Basic Life and AD&D Insurance is a one-time offering.
Mitchell Gold + Bob Williams automatically provides, at no cost to you, a If you elect any level of coverage
$10,000 basic life and accidental death and dismemberment beneit. In the during this initial offering, each
event of your death, our life insurance policy helps provide a general safety year during annual enrollment
net for your beneiciaries. If your death is the result of an accident or if an you may increase your coverage
amount up to the guarantee issue
accident leaves you with certain debilitating injuries, you’ll be covered under amount without answering any
our accidental death and dismemberment insurance for the same amount. We medical questions.
hope this company paid policy helps you feel more secure and prepared to Going forward, you must provide
manage your inancial goals and obligations. EOI and be approved by Unum
if you did not elect voluntary life
If you die while covered by this plan, the beneit is paid to the beneiciary during this initial election period
(or beneiciaries) you designate as you enroll through the MG+BW online and want to elect this coverage
enrollment site. at any other time, including next
year’s open enrollment.
Mitchell Gold + Bob Williams also provides a $2,000 term life beneit for your If EOI applies to you, you
spouse/domestic partner and $1,500 for your unmarried dependent child(ren) can access the form via
to age 26. Term Life is essential during an employee’s working years. MGBW.Locktonmarketplace.com.
Term Life
What is it?
X Provides protection during your working years
X Affordable coverage to help survivors weather an unexpected loss
Why Do You Need It?
Income replacement
X Kind of like renting a house: employees use the protection for a set period of time
X Can help pay the costs families face during the working years if the breadwinner dies
prematurely such as housing, education, and saving for retirement
X Can be used to pay for the expenses
How Does It Work?
Flexible, normally ends at retirement
X You may increase coverage as your needs evolve
X The beneit typically decreases after age 65, and can end at retirement, when income
replacement may no longer be necessary
X Guaranteed issue means you can get coverage with no health questions or exams
11
Life insurance can provide valuable inancial protection and Mitchell Gold +
Bob Williams offers you the choice of different levels of coverage to meet Evidence of
your needs. Mitchell Gold + Bob Williams offers two term life insurance Insurability
plans: the basic term life insurance and the voluntary term life insurance plan. New employees are allowed to elect
Both plans are insured and administered by Unum. voluntary employee life coverage
up to $150,000 without submitting
evidence of insurability (EOI). This
Basic Life and AD&D Insurance is a one-time offering.
Mitchell Gold + Bob Williams automatically provides, at no cost to you, a If you elect any level of coverage
$10,000 basic life and accidental death and dismemberment beneit. In the during this initial offering, each
event of your death, our life insurance policy helps provide a general safety year during annual enrollment
net for your beneiciaries. If your death is the result of an accident or if an you may increase your coverage
amount up to the guarantee issue
accident leaves you with certain debilitating injuries, you’ll be covered under amount without answering any
our accidental death and dismemberment insurance for the same amount. We medical questions.
hope this company paid policy helps you feel more secure and prepared to Going forward, you must provide
manage your inancial goals and obligations. EOI and be approved by Unum
if you did not elect voluntary life
If you die while covered by this plan, the beneit is paid to the beneiciary during this initial election period
(or beneiciaries) you designate as you enroll through the MG+BW online and want to elect this coverage
enrollment site. at any other time, including next
year’s open enrollment.
Mitchell Gold + Bob Williams also provides a $2,000 term life beneit for your If EOI applies to you, you
spouse/domestic partner and $1,500 for your unmarried dependent child(ren) can access the form via
to age 26. Term Life is essential during an employee’s working years. MGBW.Locktonmarketplace.com.
Term Life
What is it?
X Provides protection during your working years
X Affordable coverage to help survivors weather an unexpected loss
Why Do You Need It?
Income replacement
X Kind of like renting a house: employees use the protection for a set period of time
X Can help pay the costs families face during the working years if the breadwinner dies
prematurely such as housing, education, and saving for retirement
X Can be used to pay for the expenses
How Does It Work?
Flexible, normally ends at retirement
X You may increase coverage as your needs evolve
X The beneit typically decreases after age 65, and can end at retirement, when income
replacement may no longer be necessary
X Guaranteed issue means you can get coverage with no health questions or exams
11
