Page 14 - 2020 HEICO Enrollment
P. 14
LIFE AND ACCIDENTAL DEATH AND
DISMEMBERMENT (AD&D)
Lincoln Financial Group Voluntary Programs
Heico provides Basic Life and Employees have the opportunity to purchase Voluntary Life/AD&D up
AD&D in the amount of 1.5× to the guaranteed issue amount without underwriting if electing coverage
your salary up to $500,000 at when initially eligible. Electing coverage when not irst eligible or for
no cost to you through Lincoln more than the guaranteed amount requires evidence of insurability.
Financial Group
Voluntary Life
Voluntary AD&D Premiums Employee coverage: one-half, one, two or three times salary to a
(Monthly Rate Per $10,000 of maximum of $500,000 (amounts greater than $300,000 require
Coverage) evidence of insurability and underwriting approval)
Employee $0 .035 Spouse coverage: $5,000; $10,000; $15,000 or $20,000 not to exceed
Family $0 .045 100% of employee voluntary life insurance
Voluntary Life Premiums Child(ren) coverage: $2,000; $5,000; $10,000; $15,000 or $20,000
(Monthly Rate Per $1,000 of Coverage) not to exceed 100% of employee voluntary life insurance; Children
Age Employee between the ages of 14 days and 6 months are eligible for a beneit of
<30 $0 .080 $250; Children younger than 14 days are not eligible for any beneit
30-34 $0 .090 Voluntary AD&D
35-39 $0 .120 Beneit Amount: purchased in increments of $10,000 up to
40-44 $0 .160 $750,000 maximum (amounts over $400,000 are subject to ten times
45-49 $0 .240 annual salary)
50-54 $0 .410
55-59 $0 .700 Employee Coverage: 100% of elected beneit amount
60-64 $1 .040 OR
65-69 $1 .610
70-74 $2 .480 Family Coverage: 100% of elected employee coverage PLUS
75-79 $4 .060 60% for spouse, if no children
80+ $6 .550 50% for spouse and 15% for each child
20% for each child, if no spouse
Voluntary Life Premiums
(Monthly Rate per $1,000 of Coverage)
Spouse $0 .198
Child(ren) $0 .120
To calculate monthly premium—($ amount of
requested additional insurance/$1,000) x Rate
(found on table to left) = Monthly Premium .
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DISMEMBERMENT (AD&D)
Lincoln Financial Group Voluntary Programs
Heico provides Basic Life and Employees have the opportunity to purchase Voluntary Life/AD&D up
AD&D in the amount of 1.5× to the guaranteed issue amount without underwriting if electing coverage
your salary up to $500,000 at when initially eligible. Electing coverage when not irst eligible or for
no cost to you through Lincoln more than the guaranteed amount requires evidence of insurability.
Financial Group
Voluntary Life
Voluntary AD&D Premiums Employee coverage: one-half, one, two or three times salary to a
(Monthly Rate Per $10,000 of maximum of $500,000 (amounts greater than $300,000 require
Coverage) evidence of insurability and underwriting approval)
Employee $0 .035 Spouse coverage: $5,000; $10,000; $15,000 or $20,000 not to exceed
Family $0 .045 100% of employee voluntary life insurance
Voluntary Life Premiums Child(ren) coverage: $2,000; $5,000; $10,000; $15,000 or $20,000
(Monthly Rate Per $1,000 of Coverage) not to exceed 100% of employee voluntary life insurance; Children
Age Employee between the ages of 14 days and 6 months are eligible for a beneit of
<30 $0 .080 $250; Children younger than 14 days are not eligible for any beneit
30-34 $0 .090 Voluntary AD&D
35-39 $0 .120 Beneit Amount: purchased in increments of $10,000 up to
40-44 $0 .160 $750,000 maximum (amounts over $400,000 are subject to ten times
45-49 $0 .240 annual salary)
50-54 $0 .410
55-59 $0 .700 Employee Coverage: 100% of elected beneit amount
60-64 $1 .040 OR
65-69 $1 .610
70-74 $2 .480 Family Coverage: 100% of elected employee coverage PLUS
75-79 $4 .060 60% for spouse, if no children
80+ $6 .550 50% for spouse and 15% for each child
20% for each child, if no spouse
Voluntary Life Premiums
(Monthly Rate per $1,000 of Coverage)
Spouse $0 .198
Child(ren) $0 .120
To calculate monthly premium—($ amount of
requested additional insurance/$1,000) x Rate
(found on table to left) = Monthly Premium .
14
