Page 7 - 2016 Enrollment
P. 7
Life Insurance
Basic Life and Accidental Death and Dismemberment
Ronnoco provides full–time employees with $20,000 of Basic Life and AD&D
coverage at no cost to you. You must name a beneiciary—the person or persons
who receive your life insurance beneit upon your death. The beneit reduces
starting at age 65. Accidental Death and Dismemberment insurance provides
speciied beneits for a covered accidental bodily injury that directly causes death or
dismemberment.
Voluntary Life Insurance
You may purchase additional Life insurance in $25,000 increments up to a maximum
of $100,000 or ive times your annual salary (whichever is less). You are eligible
to enroll or increase your coverage up to 2 increments or $50,000 on a guaranteed
acceptance basis during open enrollment. Evidence of Insurability will be required
for amounts which exceed the guarantee issue level or at certain ages.
Employee Voluntary Life Monthly Cost
Age Per $25,000 of Coverage
29 and Under $1.50
30–34 $2.25
35–39 $3.25
40–44 $5.00
45–49 $8.50
50–54 $15.00
55–59 $24.75
60–64 $41.00
Voluntary Life coverage may be purchased on your dependents if you elect coverage.
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Basic Life and Accidental Death and Dismemberment
Ronnoco provides full–time employees with $20,000 of Basic Life and AD&D
coverage at no cost to you. You must name a beneiciary—the person or persons
who receive your life insurance beneit upon your death. The beneit reduces
starting at age 65. Accidental Death and Dismemberment insurance provides
speciied beneits for a covered accidental bodily injury that directly causes death or
dismemberment.
Voluntary Life Insurance
You may purchase additional Life insurance in $25,000 increments up to a maximum
of $100,000 or ive times your annual salary (whichever is less). You are eligible
to enroll or increase your coverage up to 2 increments or $50,000 on a guaranteed
acceptance basis during open enrollment. Evidence of Insurability will be required
for amounts which exceed the guarantee issue level or at certain ages.
Employee Voluntary Life Monthly Cost
Age Per $25,000 of Coverage
29 and Under $1.50
30–34 $2.25
35–39 $3.25
40–44 $5.00
45–49 $8.50
50–54 $15.00
55–59 $24.75
60–64 $41.00
Voluntary Life coverage may be purchased on your dependents if you elect coverage.
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