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Electric Power Systems
Life and Accidental Death
& Dismemberment (AD&D)
Insurance Coverage
EPS provides Basic Life and AD&D Insurance to all eligible employees.
This coverage pays a beneit to your named beneiciary in the event of
your death or certain debilitating injuries. The Life beneit is $50,000 and
the AD&D beneit is $50,000, both are provided at no cost to you.
Please note this beneit is subject to age reduction schedule.
Voluntary Life
If you would like to purchase voluntary life insurance in addition to your
company paid beneit, EPS offers you the ability to purchase voluntary
life insurance at competitive group rates. Voluntary life insurance can
be purchased in increments of $1,000 up to a maximum of 5x annual
earnings or $500,000.
Enrolled employees can elect Spousal coverage up to 100% of your
elected beneit to a maximum of $500,000. You can also elect coverage
for your child(ren) which is the lesser of 100% of your coverage election
amount to a maximum of $10,000.
Please note this beneit reduces by 50% when you turn 70. Naming a Beneficiary
You must name a beneiciary for your
During this 2015 Open Enrollment, employees may elect up to the life insurance.
guarantee issue amount of $150,000 without completing Evidence
of Insurability (EOI). Each annual enrollment moving forward will You may change your beneiciary at
any time by logging on to the ADP
continue to allow enrolled employees to increase their coverage any Portal. Beneiciary changes are effective
number of units up to the guarantee issue without having to complete immediately upon designation. If you
EOI. Any amount of insurance applied for above the guarantee issue fail to name a beneiciary, in the event
amount will require EOI. Late entrants will also have to submit EOI for of your death, your beneit will be paid
any amount of insurance moving forward. as set forth in the insurance certiicate.
Guarantee Issue Amount
Employee $150,000
Spouse $50,000
Child(ren) (Ages 6 months—26 years) $10,000
Child(ren) (Live birth–less than 6 months) $1,000
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Life and Accidental Death
& Dismemberment (AD&D)
Insurance Coverage
EPS provides Basic Life and AD&D Insurance to all eligible employees.
This coverage pays a beneit to your named beneiciary in the event of
your death or certain debilitating injuries. The Life beneit is $50,000 and
the AD&D beneit is $50,000, both are provided at no cost to you.
Please note this beneit is subject to age reduction schedule.
Voluntary Life
If you would like to purchase voluntary life insurance in addition to your
company paid beneit, EPS offers you the ability to purchase voluntary
life insurance at competitive group rates. Voluntary life insurance can
be purchased in increments of $1,000 up to a maximum of 5x annual
earnings or $500,000.
Enrolled employees can elect Spousal coverage up to 100% of your
elected beneit to a maximum of $500,000. You can also elect coverage
for your child(ren) which is the lesser of 100% of your coverage election
amount to a maximum of $10,000.
Please note this beneit reduces by 50% when you turn 70. Naming a Beneficiary
You must name a beneiciary for your
During this 2015 Open Enrollment, employees may elect up to the life insurance.
guarantee issue amount of $150,000 without completing Evidence
of Insurability (EOI). Each annual enrollment moving forward will You may change your beneiciary at
any time by logging on to the ADP
continue to allow enrolled employees to increase their coverage any Portal. Beneiciary changes are effective
number of units up to the guarantee issue without having to complete immediately upon designation. If you
EOI. Any amount of insurance applied for above the guarantee issue fail to name a beneiciary, in the event
amount will require EOI. Late entrants will also have to submit EOI for of your death, your beneit will be paid
any amount of insurance moving forward. as set forth in the insurance certiicate.
Guarantee Issue Amount
Employee $150,000
Spouse $50,000
Child(ren) (Ages 6 months—26 years) $10,000
Child(ren) (Live birth–less than 6 months) $1,000
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