Page 18 - 2022 CPI Card Benefits Guide

Life and Accidental Death &

Dismemberment (AD&D) Insurance

Voluntary Life and AD&D Coverage CPI is pleased to cover

You have the option to purchase additional Life and AD&D insurance at no cost to you:
for yourself, you may also purchase Voluntary coverage for your spouse
and your dependent children. Coverage is provided through Lincoln Basic Life insurance. You are
Financial Group. automatically covered to the
greater of $50,000 or one times
Coverage for Coverage available your base pay up to $600,000.
Coverage is provided through
Increments of $10,000 up to the lesser of five times
Employee Lincoln Financial Group.
your salary or $600,000.
AD&D is provided as part of
Increments of $5,000 up to $250,000 — not to exceed
Spouse your Basic Life coverage and
100% of Employee coverage.
provides you specified benefits
Child(ren) Increments of $2,000 to a maximum of $24,000.
for a covered accidental bodily
injury that directly causes
Guaranteed Issue (GI) & Evidence of Insurability (EOI) dismemberment (i.e., the loss
During the 2022 Open Enrollment period or at the time of hire, you of a hand, foot or eye). In the
are eligible to enroll in Voluntary Life and AD&D coverage. You may event that death occurs from
purchase up to the Guaranteed Issue (GI) amount of $200,000 an accident, 100% of the AD&D
without completing any medical questions. If you request an amount benefit would be payable to
higher than the GI, you will need to complete an Evidence of your beneficiary(ies).
Insurability (EOI) form. You may also enroll your spouse in Voluntary
Life and AD&D coverage during Open Enrollment or when first eligible.
You may purchase up to the $50,000 GI amount without your spouse Life Insurance Benefits are subject
needing to complete any medical questions. If you request an amount to the following age reduction
higher than the GI, your spouse will need to complete an EOI form. schedule:
Please note that if you waive coverage for yourself or your spouse
now, you will need to complete an EOI for any amount you elect in Age 65 65%
the future.
Age 70 50%
Age 75 25%

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