Page 18 - 2015 Enrollment Guide
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Life Insurance
Life and Accident Insurance
Basic Life and Accident Insurance
Optimas is proud to provide, at no cost to you, basic life with accidental
death and dismemberment insurance beginning July 1st, 2015. This
coverage offers inancial protection to you if you suffer certain
debilitating injuries or to your beneiciaries if you die. Your coverage
amount is equal to 1.5 times your covered annual earnings up to
$250,000. Your life insurance beneit also includes accidental death and
dismemberment beneits. As you enroll for your 2014–2015 beneits
through the ADP/WFN portal, you MUST designate your life insurance
beneiciary.
Supplemental Life Insurance
You may also purchase supplemental life insurance at competitive group
rates. You may purchase coverage in increments of $5,000 to a maximum
of 5x your annual salary or $500,000 (whichever is less).Evidence of
Insurability (EOI) or proof of good health will not be required under the
following circumstances.
Late entrant: If you previously declined coverage through Anixter,
you may elect up to $100,000 in coverage without EOI
Current participant: If you elected supplemental life under Anixter,
you may request an increase that exceeds $100,000 of your current
coverage up to a total of $300,000 without EOI
Newly eligible: If you are eligible for the irst time, you may elect up
to $300,000 of coverage without EOI
If you request coverage in excess of the amount noted above, you must
complete an EOI form and be approved by Reliance Standard Life.
Your individual premium rate will depend on your age and will be paid for
on an after-tax basis. View the chart on the next page to determine how
much this beneit will cost. As you enroll on the ADP/WFN portal, the
cost of your election will be calculated for you.
Optimas OE Solutions Holdings, LLC
Life Insurance
Life and Accident Insurance
Basic Life and Accident Insurance
Optimas is proud to provide, at no cost to you, basic life with accidental
death and dismemberment insurance beginning July 1st, 2015. This
coverage offers inancial protection to you if you suffer certain
debilitating injuries or to your beneiciaries if you die. Your coverage
amount is equal to 1.5 times your covered annual earnings up to
$250,000. Your life insurance beneit also includes accidental death and
dismemberment beneits. As you enroll for your 2014–2015 beneits
through the ADP/WFN portal, you MUST designate your life insurance
beneiciary.
Supplemental Life Insurance
You may also purchase supplemental life insurance at competitive group
rates. You may purchase coverage in increments of $5,000 to a maximum
of 5x your annual salary or $500,000 (whichever is less).Evidence of
Insurability (EOI) or proof of good health will not be required under the
following circumstances.
Late entrant: If you previously declined coverage through Anixter,
you may elect up to $100,000 in coverage without EOI
Current participant: If you elected supplemental life under Anixter,
you may request an increase that exceeds $100,000 of your current
coverage up to a total of $300,000 without EOI
Newly eligible: If you are eligible for the irst time, you may elect up
to $300,000 of coverage without EOI
If you request coverage in excess of the amount noted above, you must
complete an EOI form and be approved by Reliance Standard Life.
Your individual premium rate will depend on your age and will be paid for
on an after-tax basis. View the chart on the next page to determine how
much this beneit will cost. As you enroll on the ADP/WFN portal, the
cost of your election will be calculated for you.
Optimas OE Solutions Holdings, LLC
