Page 16 - Benefits Guide 2022 EPO

Basic & Supplemental Life/AD&D Unum

Company Paid
Basic Group Term Life and AD&D Insurance:
The Company provides eligible full-time employees with two times your base salary up to a maximumof
$500,000 of Basic Group Term Life and Accidental Death and Dismemberment (AD&D) coverages. View and
update your beneficiary information during the online open enrollment session.

Employee Paid
Supplemental Life and Accidental Death and Dismemberment (AD&D) Insurance:
Employees who want to supplement their group life and AD&D insurance benefits may purchase this additional
coverage. When you enroll yourself and/or your dependents in this benefit, you pay the full cost through payroll
deductions.

Employee: You can purchase coverage on yourself up to 5 times your salary in $10,000 increments to a
maximum of $500,000. Elections over $200,000 will require Evidence of Insurability and are subject to Unum’s
approval.

Spouse: You can purchase coverage on your spouse up to 100% of the employee coverage amount in
$5,000 increments to a maximum of $250,000. Coverage cannot exceed 100% of employee amount. Elections over
$25,000 will require Evidence of Insurability and are subject to Unum’s approval.

Child: You can purchase coverage on your child in $2,000 increments to a maximum of $10,000.
Things to keep in mind when making your Supplemental Life or AD&D insurance elections:
• You must select coverage for yourself to elect coverage for your spouse and children.
• Your supplemental life and AD&D coverage elections are separate; you may elect different coverage amounts
for each.
• Any change requests to the supplemental life plans must be submitted to People Operations.
• Child coverage terminates at age 26.

Benefit Reductions
At age 70, providing you are still employed, your coverage will decrease to 65% of the benefit amount. It will
decrease to 50% at age 75.

Designating Your Beneficiary:
As part of receiving this life insurance coverage, you must designate a beneficiary to receive benefits upon your
death. Your beneficiary can be more than one person, but it is important that you keep this information up-to-
date. Change in marital status or the death of a loved one may impact your beneficiary designation. The
employee will automatically be designated as the beneficiary for spouse and child coverage.

You are advised not to name a minor as your beneficiary unless a guardian has been appointed and
named in your Last Will of Testimony or a Trust is used. Insurers generally will not make settlements directly to
minors. Benefits payable to minors will be placed in a holding account until the state probates the estate, at
which time proceeds will be awarded to the person whom the state appoints as the legal guardian if not
specified in a Last Will of Testimony. You should consult with an attorney if you have questions.

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