Page 19 - Adreima Enrollment Guide
P. 19
Adreima
Voluntary Life Insurance Voluntary AD&D Insurance
You may purchase additional life insurance at competitive group For an additional layer of inancial
rates. You can choose to elect coverage in $10,000 increments to a protection, voluntary Accidental Death
maximum of $500,000 or 5x your annual earnings, whichever is less. and Dismemberment insurance will
Your individual premium rate will depend on your age and must automatically be added on to your life
be paid for on an after-tax basis. If you did not elect this coverage coverage for the same coverage level
during Open Enrollment in 2013, you must provide proof of good you elect under your life coverage.
health to add it now. In order to add voluntary life coverage above This will apply for you, your spouse,
the guarantee issue amount ($150,000), please complete the Evidence and your dependents. This plan pays
of Insurability form (EOI). beneits for accidents that occur on or
off the job. Your premiums depend
Evidence of Insurability (EOI) or proof of good health is required on the level of beneit you choose and
under the following circumstances. must be paid for on an after-tax basis.
Late entrant: you have previously waived the opportunity to
elect this coverage and are now electing coverage for the irst
time
Current participant: you currently have this coverage and are
requesting an increase to your current coverage amount
Newly eligible: you have never been offered this coverage
previously or waived this coverage previously and you are
requesting over $150,000
Note: team members must enroll in voluntary life coverage in order to elect spouse and/or
child voluntary life coverage . The team member’s elected amount must be at least double
the amount elected for spouse voluntary life .
Voluntary Dependent Life Insurance
Adreima offers life insurance for your spouse and dependent
children on an after-tax basis. Like voluntary life insurance, you’ll
have to provide proof of good health for covered family members
if you elect over the guarantee issue amount for a spouse. You may
elect coverage for your spouse in increments of $5,000. There is
a maximum beneit of $250,000 for spousal life insurance with a
guarantee issue amount of $50,000. You can elect $2,000, $5,000, or
$10,000 of coverage for children.
19
Voluntary Life Insurance Voluntary AD&D Insurance
You may purchase additional life insurance at competitive group For an additional layer of inancial
rates. You can choose to elect coverage in $10,000 increments to a protection, voluntary Accidental Death
maximum of $500,000 or 5x your annual earnings, whichever is less. and Dismemberment insurance will
Your individual premium rate will depend on your age and must automatically be added on to your life
be paid for on an after-tax basis. If you did not elect this coverage coverage for the same coverage level
during Open Enrollment in 2013, you must provide proof of good you elect under your life coverage.
health to add it now. In order to add voluntary life coverage above This will apply for you, your spouse,
the guarantee issue amount ($150,000), please complete the Evidence and your dependents. This plan pays
of Insurability form (EOI). beneits for accidents that occur on or
off the job. Your premiums depend
Evidence of Insurability (EOI) or proof of good health is required on the level of beneit you choose and
under the following circumstances. must be paid for on an after-tax basis.
Late entrant: you have previously waived the opportunity to
elect this coverage and are now electing coverage for the irst
time
Current participant: you currently have this coverage and are
requesting an increase to your current coverage amount
Newly eligible: you have never been offered this coverage
previously or waived this coverage previously and you are
requesting over $150,000
Note: team members must enroll in voluntary life coverage in order to elect spouse and/or
child voluntary life coverage . The team member’s elected amount must be at least double
the amount elected for spouse voluntary life .
Voluntary Dependent Life Insurance
Adreima offers life insurance for your spouse and dependent
children on an after-tax basis. Like voluntary life insurance, you’ll
have to provide proof of good health for covered family members
if you elect over the guarantee issue amount for a spouse. You may
elect coverage for your spouse in increments of $5,000. There is
a maximum beneit of $250,000 for spousal life insurance with a
guarantee issue amount of $50,000. You can elect $2,000, $5,000, or
$10,000 of coverage for children.
19
