Page 20 - 2016 Open Enrollment Non-Union
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Beneits Enrollment
Accelerated Death Supplemental Life Beneit
Benefit—Terminal Illness
If you or your spouse is enrolled Features
in supplemental life insurance and
is diagnosed by two unafiliated Continuation for Disability for Employees Age
physicians as terminally ill with a 65 or Over
life expectancy of 12 months or If you are enrolled in supplemental life and your active service
less, the accelerated payment beneit ends due to disability, this plan provides a continuation of coverage
for terminal illness provides for up feature. If you are disabled at age 65 or over, your coverage will
to 80 percent of the life insurance continue while you are disabled. This beneit will remain in force
coverage amount in force or $150,000, until the earliest of the following dates: the date you are no longer
whichever is less, to be paid to the disabled, the date the policy terminates, the date you are disabled for
insured. This beneit is payable only six consecutive months, or the day after the last period for which
once in the insured’s lifetime and will premiums are paid.
reduce the life insurance death beneit.
The terminal illness beneit may be Waiver of Premium
taxable. As with all tax matters, an If you become totally disabled—to make sure you can keep the
insured should consult with a personal life insurance protection you need during a dificult period of your
tax advisor to assess the impact of this life, this plan provides a waiver of premium feature. If you are totally
beneit. disabled prior to age 65 and can’t work for at least 6 months, you
won’t need to pay premiums for your coverage while you are disabled,
provided the insurance company approves you for this beneit.
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Accelerated Death Supplemental Life Beneit
Benefit—Terminal Illness
If you or your spouse is enrolled Features
in supplemental life insurance and
is diagnosed by two unafiliated Continuation for Disability for Employees Age
physicians as terminally ill with a 65 or Over
life expectancy of 12 months or If you are enrolled in supplemental life and your active service
less, the accelerated payment beneit ends due to disability, this plan provides a continuation of coverage
for terminal illness provides for up feature. If you are disabled at age 65 or over, your coverage will
to 80 percent of the life insurance continue while you are disabled. This beneit will remain in force
coverage amount in force or $150,000, until the earliest of the following dates: the date you are no longer
whichever is less, to be paid to the disabled, the date the policy terminates, the date you are disabled for
insured. This beneit is payable only six consecutive months, or the day after the last period for which
once in the insured’s lifetime and will premiums are paid.
reduce the life insurance death beneit.
The terminal illness beneit may be Waiver of Premium
taxable. As with all tax matters, an If you become totally disabled—to make sure you can keep the
insured should consult with a personal life insurance protection you need during a dificult period of your
tax advisor to assess the impact of this life, this plan provides a waiver of premium feature. If you are totally
beneit. disabled prior to age 65 and can’t work for at least 6 months, you
won’t need to pay premiums for your coverage while you are disabled,
provided the insurance company approves you for this beneit.
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