Page 21 - 2022 DPR Construction Benefit Guide_Administrative Employees

Voluntary Life Coverage

Voluntary Life insurance for you, your spouse/domestic partner and children can help protect your family during difficult times.
Eligible employees may purchase Voluntary Life for themselves and their family.

COVERAGE FOR COVERAGE AVAILABLE
1–4x annual salary, round to the next higher $1,000, to a maximum of $750,000.
Employee
Guaranteed Issue of $300,000*.
Increments of $5,000 up to $100,000 – not to exceed 50% of employee coverage.
Spouse/Domestic Partner
Guaranteed Issue of $20,000*.
Child(ren) Flat $10,000 per child. $500 for children – birth to 6 months.
Employee and Spouse/
Domestic Partner Benefits will be reduced as follows: 65% at age 70; 45% at age 75; 30% at age 80; 20% at age 85.
Benefits Reductions

* Guaranteed Issue and Evidence
of Insurability

You may purchase additional Voluntary Life insurance MONTHLY SUPPLEMENTAL LIFE RATES
for you and your spouse/domestic partner. Employees PER $1,000 OF COVERAGE
and spouses/domestic partners who elect coverage SPOUSE*/
when first eligible can elect up to the Guaranteed AGE EMPLOYEE DOMESTIC PARTNER
Issue (GI) amount without Evidence of Insurability <25 $0.070 $0.050
(EOI). If the amount requested is more than GI, or if 25–29 $0.080 $0.050
you elect coverage after being first eligible, you will 30–34 $0.100 $0.060
need to provide EOI. The EOI request will come from
Symetra directly. 35–39 $0.130 $0.080
40–44 $0.150 $0.100
Life Insurance Beneficiary 45–49 $0.230 $0.140
50–54 $0.390 $0.220
Life insurance beneficiary information is maintained in
Workday. Please periodically review your beneficiary 55–59 $0.720 $0.340
information to ensure it is current. 60–64 $0.930 $0.530
65–69 $1.720 $0.900
70> $2.790 $1.660
MONTHLY CHILD SUPPLEMENTAL LIFE
RATE PER $1,000 OF COVERAGE
$0.2030
* Supplemental Spouse/Domestic Partner Life Rates are based on Employee’s Age.

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