Page 18 - Intertek 2021 Benefits Guide
P. 18
Life Insurance
Basic Life Insurance Voluntary Life Insurance
Intertek provides basic life insurance with accidental Intertek ofers you the ability to purchase voluntary
death and dismemberment insurance at no cost to life insurance at competitive group rates. Voluntary
you. Life Insurance can be purchased from 1 to 6 times
your base annual salary.
Basic Life Benefit
X Two times your base annual earnings up to a Evidence of Insurability (EOI) or proof of
maximum of $500,000 good health is required under the following
X You may opt out of this level of coverage and circumstances.
elect a lat $50,000 beneit to avoid imputed X Late entrant: you have previously waived the
income opportunity to elect this coverage and are now
X A lat payment of $5,000 for your spouse or electing coverage for the irst time
same-sex domestic partner X Current participant: you currently have this
X A lat payment of $2,000 for dependent children coverage and are requesting an increase to
X Guaranteed issue your current coverage amount
X Newly eligible: you have never been ofered this
coverage previously or waived this coverage
You can also purchase voluntary life coverage for your previously and you are requesting over the
spouse or samesex domestic partner if you’ve also
purchased voluntary life coverage for yourself. This guaranteed issue amount of 3× earnings or
coverage is available in $10,000 increments not to exceed $250,000, whichever is less
the lesser of 50% of your employee election or $120,000.
Online Will Preparation
Age Band Rate per $1,000 of Beneit Take advantage of online will preparation services
Coverage
18–29 $0.056 through Lincoln Financial to complement your
30–34 $0.064 life insurance coverage. This is a secure and
35–39 $0.096 convenient way to create legally binding, state-
40–44 $0.144 speciic wills and other personal legal documents
45–49 $0.224 online. Visit workhealthlife.com/mlassist and use the
50–54 $0.368 username “mllife” to get started.
55–59 $0.592
60–64 $0.728
65+ $1.160
Optional life insurance rates for you and your spouse or
same-sex domestic partner. Spouse rates are based on
spouse’s age band.
18
Basic Life Insurance Voluntary Life Insurance
Intertek provides basic life insurance with accidental Intertek ofers you the ability to purchase voluntary
death and dismemberment insurance at no cost to life insurance at competitive group rates. Voluntary
you. Life Insurance can be purchased from 1 to 6 times
your base annual salary.
Basic Life Benefit
X Two times your base annual earnings up to a Evidence of Insurability (EOI) or proof of
maximum of $500,000 good health is required under the following
X You may opt out of this level of coverage and circumstances.
elect a lat $50,000 beneit to avoid imputed X Late entrant: you have previously waived the
income opportunity to elect this coverage and are now
X A lat payment of $5,000 for your spouse or electing coverage for the irst time
same-sex domestic partner X Current participant: you currently have this
X A lat payment of $2,000 for dependent children coverage and are requesting an increase to
X Guaranteed issue your current coverage amount
X Newly eligible: you have never been ofered this
coverage previously or waived this coverage
You can also purchase voluntary life coverage for your previously and you are requesting over the
spouse or samesex domestic partner if you’ve also
purchased voluntary life coverage for yourself. This guaranteed issue amount of 3× earnings or
coverage is available in $10,000 increments not to exceed $250,000, whichever is less
the lesser of 50% of your employee election or $120,000.
Online Will Preparation
Age Band Rate per $1,000 of Beneit Take advantage of online will preparation services
Coverage
18–29 $0.056 through Lincoln Financial to complement your
30–34 $0.064 life insurance coverage. This is a secure and
35–39 $0.096 convenient way to create legally binding, state-
40–44 $0.144 speciic wills and other personal legal documents
45–49 $0.224 online. Visit workhealthlife.com/mlassist and use the
50–54 $0.368 username “mllife” to get started.
55–59 $0.592
60–64 $0.728
65+ $1.160
Optional life insurance rates for you and your spouse or
same-sex domestic partner. Spouse rates are based on
spouse’s age band.
18
