Page 15 - 2016 ACProducts Non-Union
P. 15
ACProducts
Life and AD&D
Company Paid Life and Accidental Death and If you are a late entrant, or are
Dismemberment (AD&D) increasing the coverage tier, you must
ACPI will provide both Life Insurance and Accidental Death and complete evidence of insurability
subject to approval from CIGNA.
Dismemberment (AD&D) insurance at no cost to you. These You will not be covered until you’ve
coverages are provided through CIGNA.
received approval from CIGNA.
Life Insurance provides inancial security for the people who depend Please request the EOI application
on you. Your beneiciaries will receive a payment equal to one times from human resources. The employee’s
your annual base salary, with a minimum of $35,000 to a maximum voluntary life guarantee issue amount
of $500,000. Beneits reduce to 65% of the original beneit at age 65, is up to $500,000 provided you make
40% at age 70, and 25% at age 75. your election during your 30 day
new hire period. Beneits reduce to
Accidental Death and Dismemberment (AD&D) insurance provides 65 percent of the original beneit at
payment to you or your beneiciaries if you lose a limb or die in an age 65, 40 percent at age 70, and 25
accident. Your AD&D beneit will be one times your annual base percent at age 75. The cost of this
salary, with a minimum of $35,000 and a maximum of $500,000. coverage depends on your age. Please
see the voluntary life rate table to
Voluntary Life Insurance determine your personal beneit cost.
ACPI offers participation in a Voluntary Term Life Insurance
program. Voluntary Term Life Insurance is available to employees, Voluntary Life Rates
spouses, and children. These Voluntary Life programs will be Employee Age Band Employee Rate per
$1,000
provided by CIGNA. Your current Voluntary Life coverage Under 24 $0.05
will rollover to next year unless you make changes during Open 25–29 $0.06
Enrollment. 30–34 $0.08
35–39 $0.09
All employees will have the opportunity to supplement their company 40–44 $0.12
provided Basic Term Life Insurance through the Voluntary Term Life 45–49 $0.18
programs. Employees can elect additional coverage in increments 50–54 $0.30
from one to six times your annual earnings, up to a maximum of 55–59 $0.47
$750,000. You have 30 days from your date of hire to elect this 60–64 $0.73
beneit; otherwise, you are considered a late entrant. 65–69 $1.28
70+ $2.18
15
Life and AD&D
Company Paid Life and Accidental Death and If you are a late entrant, or are
Dismemberment (AD&D) increasing the coverage tier, you must
ACPI will provide both Life Insurance and Accidental Death and complete evidence of insurability
subject to approval from CIGNA.
Dismemberment (AD&D) insurance at no cost to you. These You will not be covered until you’ve
coverages are provided through CIGNA.
received approval from CIGNA.
Life Insurance provides inancial security for the people who depend Please request the EOI application
on you. Your beneiciaries will receive a payment equal to one times from human resources. The employee’s
your annual base salary, with a minimum of $35,000 to a maximum voluntary life guarantee issue amount
of $500,000. Beneits reduce to 65% of the original beneit at age 65, is up to $500,000 provided you make
40% at age 70, and 25% at age 75. your election during your 30 day
new hire period. Beneits reduce to
Accidental Death and Dismemberment (AD&D) insurance provides 65 percent of the original beneit at
payment to you or your beneiciaries if you lose a limb or die in an age 65, 40 percent at age 70, and 25
accident. Your AD&D beneit will be one times your annual base percent at age 75. The cost of this
salary, with a minimum of $35,000 and a maximum of $500,000. coverage depends on your age. Please
see the voluntary life rate table to
Voluntary Life Insurance determine your personal beneit cost.
ACPI offers participation in a Voluntary Term Life Insurance
program. Voluntary Term Life Insurance is available to employees, Voluntary Life Rates
spouses, and children. These Voluntary Life programs will be Employee Age Band Employee Rate per
$1,000
provided by CIGNA. Your current Voluntary Life coverage Under 24 $0.05
will rollover to next year unless you make changes during Open 25–29 $0.06
Enrollment. 30–34 $0.08
35–39 $0.09
All employees will have the opportunity to supplement their company 40–44 $0.12
provided Basic Term Life Insurance through the Voluntary Term Life 45–49 $0.18
programs. Employees can elect additional coverage in increments 50–54 $0.30
from one to six times your annual earnings, up to a maximum of 55–59 $0.47
$750,000. You have 30 days from your date of hire to elect this 60–64 $0.73
beneit; otherwise, you are considered a late entrant. 65–69 $1.28
70+ $2.18
15
