Page 12 - 2016 Enrollment
P. 12
Beneits Guide
True Open Enrollment Voluntary Life
Opportunity
This year, Lincoln is offering the We recognize you and your family have speciic needs and our
opportunity to enroll or increase your company paid life insurance policy may not be enough to ensure your
employee, spouse, and dependent inancial security if your income were suddenly lost. If necessary, we
supplemental life elections without offer a voluntary life insurance option with competitive group rates
submitting Evidence of Insurability (EOI) so you can purchase and secure the inancial protection you need.
up to the guaranteed issue amount.
Voluntary life insurance can be purchased in increments of $10,000
up to 5 times your basic annual earnings or $450,000, whichever
is less. You are guaranteed up to $150,000 in coverage without
submitting evidence of insurability (EOI) to our insurance carrier
Lincoln Financial.
Once you’ve purchased coverage for yourself, you can also purchase
voluntary life coverage for your spouse and dependent children.
Spouse coverage can be purchased in increments of $5,000 up
to $225,000 or 50 percent of your employee election. You are
guaranteed up to $30,000 in spouse coverage without submitting EOI
to Lincoln Financial. Dependent child coverage can be purchased
in a lat $10,000 amount for children older than six months of age.
Coverage is limited to $250 for children age 14 days to 6 months.
Your individual premium rate will depend on your age. View the
age/rate table to determine how much this beneit will cost. Spouse
coverage is based on the employee’s age.
Age Category Rate per $1,000 of Coverage
Under 20 $0.060
20–24 $0.060
25–29 $0.072
30–34 $0.095
35–39 $0.107
40–44 $0.119
45–49 $0.179
50–54 $0.274
55–59 $0.513
60–64 $0.787
65–69 $1.515
70–74 $2.458
75–79 $2.458
80–84 $2.458
85–89 $2.458
90+ $2.458
Dependent child coverage $0.20
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True Open Enrollment Voluntary Life
Opportunity
This year, Lincoln is offering the We recognize you and your family have speciic needs and our
opportunity to enroll or increase your company paid life insurance policy may not be enough to ensure your
employee, spouse, and dependent inancial security if your income were suddenly lost. If necessary, we
supplemental life elections without offer a voluntary life insurance option with competitive group rates
submitting Evidence of Insurability (EOI) so you can purchase and secure the inancial protection you need.
up to the guaranteed issue amount.
Voluntary life insurance can be purchased in increments of $10,000
up to 5 times your basic annual earnings or $450,000, whichever
is less. You are guaranteed up to $150,000 in coverage without
submitting evidence of insurability (EOI) to our insurance carrier
Lincoln Financial.
Once you’ve purchased coverage for yourself, you can also purchase
voluntary life coverage for your spouse and dependent children.
Spouse coverage can be purchased in increments of $5,000 up
to $225,000 or 50 percent of your employee election. You are
guaranteed up to $30,000 in spouse coverage without submitting EOI
to Lincoln Financial. Dependent child coverage can be purchased
in a lat $10,000 amount for children older than six months of age.
Coverage is limited to $250 for children age 14 days to 6 months.
Your individual premium rate will depend on your age. View the
age/rate table to determine how much this beneit will cost. Spouse
coverage is based on the employee’s age.
Age Category Rate per $1,000 of Coverage
Under 20 $0.060
20–24 $0.060
25–29 $0.072
30–34 $0.095
35–39 $0.107
40–44 $0.119
45–49 $0.179
50–54 $0.274
55–59 $0.513
60–64 $0.787
65–69 $1.515
70–74 $2.458
75–79 $2.458
80–84 $2.458
85–89 $2.458
90+ $2.458
Dependent child coverage $0.20
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