Page 14 - 2022-23 Drug Plastics Benefit Guide

Symetra Life Insurance

Basic Life and AD&D Insurance Spousal Voluntary Life & AD&D Insurance
Life insurance is an important part of your financial If you purchase Employee Voluntary Life and/or AD&D
wellbeing, especially if others depend on you for Insurance, you are eligible to purchase Voluntary Life &
support. Drug Plastics provides basic life and accidental AD&D Insurance for your spouse. Coverage is available
death and dismemberment insurance to all benefit-eligible in increments of $10,000, up to 100% of the Employee’s
employees and is 100% company-paid. The benefit Voluntary Life Insurance amount.
amount is equal to 1x your base annual salary, up to a
maximum of $150,000. Coverage is automatic; you do Dependent Life Insurance
not need to enroll.
If you purchase Employee Voluntary Life Insurance, you
are eligible to purchase coverage for your dependent
Life Insurance Reduction Schedule: child(ren). However, no death benefit payout is available
Group Life Insurance reduces to 65% when you reach for children under 14 days of age.
age 65 and to 50% at age 70.
Please refer to the Life Insurance Policy for additional
details on coverage and limitations.
Voluntary Life and AD&D Insurance
You may purchase additional Life and/or AD&D Insurance
coverage for yourself in increments of $10,000, up to
a maximum of 7x your base annual earnings or up to
$500,000 (whichever is less).

If you choose not to purchase Voluntary Life as a new hire
or are requesting an increase in coverage, Evidence of
Insurability may be required. Any coverage subject to
Evidence of Insurability will not become effective until
the Insurance Company approves it. Please refer to your
benefit booklet for the actual plan provisions. If you elect
Voluntary AD&D, you must elect the same benefit under
the Voluntary Life program.

14 14