Page 12 - 2018 Metropolitan Development Enrollment
P. 12
Basic and Voluntary Life and AD&D
Insurance—Prudential
Basic Life Insurance Voluntary Life and AD&D Insurance
The agency provides term life We offer a voluntary life insurance option with competitive group rates so
insurance coverage at no cost you can purchase the additional inancial protection you need. You have the
to you. In the event of your opportunity to purchase voluntary life and/or AD&D insurance for yourself,
death, our policy helps provide your spouse, and your children. These beneits can be elected separately or
a inancial safety net to your together. The elected amounts do not have to be the same for both voluntary
beneiciaries. Your coverage life and voluntary AD&D. Also, you are permitted to enroll in voluntary
is 1.5× your base earnings AD&D without enrolling in voluntary life and vice versa.
to a maximum of $250,000.
Beneits reduce at age 65. Life Insurance At-a-Glance
Prudential
Eligibility All active, full-time employees
Designating Your Employee Life Insurance
1.5× annual salary
Beneficiary Basic Maximum $250,000
If you die while covered by this Voluntary $10,000 increments up to 7× annual earnings to a maximum
of $500,000; if you are in your newly eligible period you
plan, the beneit is paid to the can elect up to the guaranteed issue amount of $200,000
beneiciary (or beneiciaries) Living Beneit without completing EOI (evidence of insurability)
you designate. You may contact If you become terminally ill while covered, you can claim up to 90% of the combined
Human Resources at any time value of your basic and voluntary life coverage up to $500,000 while you are still living
Dependent Life Insurance
to update your beneiciary(ies). Spouse $5,000 increments to a maximum of 50% of the amount of
coverage you elect for yourself to a maximum of $250,000;
if you are in your newly eligible period your spouse can
elect up to the guaranteed issue amount of $20,000 without
completing EOI (evidence of insurability)
Child (children from live $2,000 increments to a maximum of 50% of the amount of
birth to 26 years are coverage you elect for yourself to a maximum of $10,000
eligible)
If you are newly eligible and have not previously waived your opportunity
to elect voluntary life insurance, you can elect coverage up to the guaranteed
issue amounts without submitting evidence of insurability (EOI). If you
elect coverage when initially eligible, each year during beneits enrollment
you may increase your coverage by $10,000 to a maximum of $40,000, up
to the $200,000 guaranteed issue amount. If you are a late entrant and have
previously waived the opportunity to purchase additional employee or spouse
term life insurance, you will be required to submit EOI.
12 2018 Benefits Enrollment
Insurance—Prudential
Basic Life Insurance Voluntary Life and AD&D Insurance
The agency provides term life We offer a voluntary life insurance option with competitive group rates so
insurance coverage at no cost you can purchase the additional inancial protection you need. You have the
to you. In the event of your opportunity to purchase voluntary life and/or AD&D insurance for yourself,
death, our policy helps provide your spouse, and your children. These beneits can be elected separately or
a inancial safety net to your together. The elected amounts do not have to be the same for both voluntary
beneiciaries. Your coverage life and voluntary AD&D. Also, you are permitted to enroll in voluntary
is 1.5× your base earnings AD&D without enrolling in voluntary life and vice versa.
to a maximum of $250,000.
Beneits reduce at age 65. Life Insurance At-a-Glance
Prudential
Eligibility All active, full-time employees
Designating Your Employee Life Insurance
1.5× annual salary
Beneficiary Basic Maximum $250,000
If you die while covered by this Voluntary $10,000 increments up to 7× annual earnings to a maximum
of $500,000; if you are in your newly eligible period you
plan, the beneit is paid to the can elect up to the guaranteed issue amount of $200,000
beneiciary (or beneiciaries) Living Beneit without completing EOI (evidence of insurability)
you designate. You may contact If you become terminally ill while covered, you can claim up to 90% of the combined
Human Resources at any time value of your basic and voluntary life coverage up to $500,000 while you are still living
Dependent Life Insurance
to update your beneiciary(ies). Spouse $5,000 increments to a maximum of 50% of the amount of
coverage you elect for yourself to a maximum of $250,000;
if you are in your newly eligible period your spouse can
elect up to the guaranteed issue amount of $20,000 without
completing EOI (evidence of insurability)
Child (children from live $2,000 increments to a maximum of 50% of the amount of
birth to 26 years are coverage you elect for yourself to a maximum of $10,000
eligible)
If you are newly eligible and have not previously waived your opportunity
to elect voluntary life insurance, you can elect coverage up to the guaranteed
issue amounts without submitting evidence of insurability (EOI). If you
elect coverage when initially eligible, each year during beneits enrollment
you may increase your coverage by $10,000 to a maximum of $40,000, up
to the $200,000 guaranteed issue amount. If you are a late entrant and have
previously waived the opportunity to purchase additional employee or spouse
term life insurance, you will be required to submit EOI.
12 2018 Benefits Enrollment
