Page 16 - AB Mauri 2022 Benefits Guide MOIL
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Life Insurance and Accidental Death and
Dismemberment (AD&D)
Basic Life and Accidental Coverage Options
Death and Dismemberment For Yourself
(AD&D) Insurance Beneit Amount 1, 2, 3, or 4 times your annual
We partner with New York Life to provide you Beneit Maximum compensation
$700,000
a company paid life and accidental death and 2 times annual covered earnings
dismemberment (AD&D) insurance policy to protect Guarantee Issue Amount or $300,000, whichever is less
your beneiciaries—all at no cost to you. Our policy For Your Spouse
helps provide a inancial safety net in the event of Beneit Amount $10,000
a death or if an accident leaves you with certain Beneit Maximum $10,000
debilitating injuries. For Your Child(ren) to Age 26
Beneit Amount $2,000
Beneit Maximum $2,000
Beneit Amount 1.5 times annual covered earnings
Beneit Maximum $700,000 Evidence of Insurability (EOI)
Guarantee Issue Amount $500,000
Evidence of Insurability (EOI) or proof of good health
Optional Life Insurance may be required for:
In addition to our company-paid life insurance, we ■ Current participant: You currently have this
partner with New York Life to provide you the option coverage and are requesting an increase to
to purchase additional life insurance for yourself and your coverage by more than 1 times annual
family members. compensation at annual open enrollment or are
requesting coverage above the guarantee issue
amount
■ Late entrant: You waived the opportunity
to elect this coverage for yourself, spouse
or child(ren) when irst eligible and are now
electing coverage for the irst time
■ New hire: You are electing this coverage when
irst eligible upon employment and you are
requesting coverage over the guarantee issue
amount
Coverage is not in force until the carrier underwriting
provides approval.
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Dismemberment (AD&D)
Basic Life and Accidental Coverage Options
Death and Dismemberment For Yourself
(AD&D) Insurance Beneit Amount 1, 2, 3, or 4 times your annual
We partner with New York Life to provide you Beneit Maximum compensation
$700,000
a company paid life and accidental death and 2 times annual covered earnings
dismemberment (AD&D) insurance policy to protect Guarantee Issue Amount or $300,000, whichever is less
your beneiciaries—all at no cost to you. Our policy For Your Spouse
helps provide a inancial safety net in the event of Beneit Amount $10,000
a death or if an accident leaves you with certain Beneit Maximum $10,000
debilitating injuries. For Your Child(ren) to Age 26
Beneit Amount $2,000
Beneit Maximum $2,000
Beneit Amount 1.5 times annual covered earnings
Beneit Maximum $700,000 Evidence of Insurability (EOI)
Guarantee Issue Amount $500,000
Evidence of Insurability (EOI) or proof of good health
Optional Life Insurance may be required for:
In addition to our company-paid life insurance, we ■ Current participant: You currently have this
partner with New York Life to provide you the option coverage and are requesting an increase to
to purchase additional life insurance for yourself and your coverage by more than 1 times annual
family members. compensation at annual open enrollment or are
requesting coverage above the guarantee issue
amount
■ Late entrant: You waived the opportunity
to elect this coverage for yourself, spouse
or child(ren) when irst eligible and are now
electing coverage for the irst time
■ New hire: You are electing this coverage when
irst eligible upon employment and you are
requesting coverage over the guarantee issue
amount
Coverage is not in force until the carrier underwriting
provides approval.
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