Page 16 - 2019 Intertek
P. 16
2019 BENEFITS ENROLLMENT
You can also purchase voluntary life LIFE INSURANCE
coverage for your spouse or same-
sex domestic partner if you’ve also Basic Life Insurance
purchased voluntary life coverage for
yourself. This coverage is available Intertek provides basic life insurance with accidental death and
in $10,000 increments not to exceed dismemberment insurance at no cost to you.
the lesser of 50% of your employee
election or $120,000. Basic Life Benefit
Two times your base annual earnings up to a maximum of
Age Rate per $1,000 of Beneit
Band Coverage $500,000
18–29 $0.056 You may opt out of this level of coverage and elect a lat $50,000
30–34 $0.064 beneit to avoid imputed income
35–39 $0.096 A lat payment of $5,000 for your spouse or same-sex domestic
40–44 $0.144
45–49 $0.224 partner
50–54 $0.368 A lat payment of $2,000 for dependent children
55–59 $0.592 Guaranteed issue
60–64 $0.728
65+ $1.160 Voluntary Life Insurance
Optional life insurance rates for Intertek ofers you the ability to purchase voluntary life insurance at
you and your spouse or same-sex competitive group rates. Voluntary Life Insurance can be purchased
domestic partner. Spouse rates are from 1 to 6 times your base annual salary.
based on spouse’s age band.
Evidence of Insurability (EOI) or proof of good health is required under
the following circumstances.
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 ofered this coverage
previously or waived this coverage previously and you are
requesting over the guaranteed issue amount of 3× earnings or
$250,000, whichever is less
Online Will Preparation
Take advantage of online will preparation services through Lincoln
Financial to complement your life insurance coverage. This is
a secure and convenient way to create legally binding, state-
speciic wills and other personal legal documents online. Visit
workhealthlife.com/mlassist and use the username “mllife” to get
16 started.
You can also purchase voluntary life LIFE INSURANCE
coverage for your spouse or same-
sex domestic partner if you’ve also Basic Life Insurance
purchased voluntary life coverage for
yourself. This coverage is available Intertek provides basic life insurance with accidental death and
in $10,000 increments not to exceed dismemberment insurance at no cost to you.
the lesser of 50% of your employee
election or $120,000. Basic Life Benefit
Two times your base annual earnings up to a maximum of
Age Rate per $1,000 of Beneit
Band Coverage $500,000
18–29 $0.056 You may opt out of this level of coverage and elect a lat $50,000
30–34 $0.064 beneit to avoid imputed income
35–39 $0.096 A lat payment of $5,000 for your spouse or same-sex domestic
40–44 $0.144
45–49 $0.224 partner
50–54 $0.368 A lat payment of $2,000 for dependent children
55–59 $0.592 Guaranteed issue
60–64 $0.728
65+ $1.160 Voluntary Life Insurance
Optional life insurance rates for Intertek ofers you the ability to purchase voluntary life insurance at
you and your spouse or same-sex competitive group rates. Voluntary Life Insurance can be purchased
domestic partner. Spouse rates are from 1 to 6 times your base annual salary.
based on spouse’s age band.
Evidence of Insurability (EOI) or proof of good health is required under
the following circumstances.
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 ofered this coverage
previously or waived this coverage previously and you are
requesting over the guaranteed issue amount of 3× earnings or
$250,000, whichever is less
Online Will Preparation
Take advantage of online will preparation services through Lincoln
Financial to complement your life insurance coverage. This is
a secure and convenient way to create legally binding, state-
speciic wills and other personal legal documents online. Visit
workhealthlife.com/mlassist and use the username “mllife” to get
16 started.
