Page 20 - 2016 Open Enrollment
P. 20
20
Voluntary Spouse Life Insurance
(associate paid)
Once you elect coverage for yourself, you can elect voluntary life insurance
coverage for your spouse. You can elect up to $250,000 or 50% of your
elected amount in $5,000 increments for your spouse. The guaranteed issue
amount for your spouse is $100,000. You will need to supply proof of
good health if you have previously waived this coverage, are increasing your
existing coverage by more than $10,000, or are electing coverage greater
than the guaranteed issue amount. If this is the case, your elections are
subject to approval.
Voluntary Child(ren) Life Insurance
(associate paid)
If you’ve elected coverage for yourself, voluntary child life insurance is also
available to purchase. Children are eligible for a lat $10,000 of coverage
from birth to age 19 or 26 if a full-time student.
Voluntary Dependent Life Insurance
(associate
paid)
In addition to the voluntary spouse and child(ren) life insurance, you can
elect a lat $10,000 for your spouse or $5,000 for children. You do not need
to elect coverage for yourself in order to elect coverage for your spouse and
child(ren).
Voluntary Short Term Disability
(associate paid)
Voluntary Short Term Disability (STD) provides you with a percentage of
your weekly income while you are out of work following a non-work related
accident or illness. You may purchase STD coverage at competitive group
rates. This beneit is offered through AIG. You will need to complete EOI
if you previously waived this coverage.
Long Term Disability
(company paid)
Long Term Disability (LTD) protects your family’s inancial circumstances
by providing you with a percentage of your income while you are disabled.
Busey provides an LTD beneit at no cost to you. In the event of an illness
or accident which requires a lengthy recovery, you may be eligible for
company provided Long Term Disability coverage. This beneit is offered
through AIG.
First Busey Corporation
Voluntary Spouse Life Insurance
(associate paid)
Once you elect coverage for yourself, you can elect voluntary life insurance
coverage for your spouse. You can elect up to $250,000 or 50% of your
elected amount in $5,000 increments for your spouse. The guaranteed issue
amount for your spouse is $100,000. You will need to supply proof of
good health if you have previously waived this coverage, are increasing your
existing coverage by more than $10,000, or are electing coverage greater
than the guaranteed issue amount. If this is the case, your elections are
subject to approval.
Voluntary Child(ren) Life Insurance
(associate paid)
If you’ve elected coverage for yourself, voluntary child life insurance is also
available to purchase. Children are eligible for a lat $10,000 of coverage
from birth to age 19 or 26 if a full-time student.
Voluntary Dependent Life Insurance
(associate
paid)
In addition to the voluntary spouse and child(ren) life insurance, you can
elect a lat $10,000 for your spouse or $5,000 for children. You do not need
to elect coverage for yourself in order to elect coverage for your spouse and
child(ren).
Voluntary Short Term Disability
(associate paid)
Voluntary Short Term Disability (STD) provides you with a percentage of
your weekly income while you are out of work following a non-work related
accident or illness. You may purchase STD coverage at competitive group
rates. This beneit is offered through AIG. You will need to complete EOI
if you previously waived this coverage.
Long Term Disability
(company paid)
Long Term Disability (LTD) protects your family’s inancial circumstances
by providing you with a percentage of your income while you are disabled.
Busey provides an LTD beneit at no cost to you. In the event of an illness
or accident which requires a lengthy recovery, you may be eligible for
company provided Long Term Disability coverage. This beneit is offered
through AIG.
First Busey Corporation
