Page 15 - 2017 Benefits Enrollment
P. 15
2017 New Hire Guide
Life Insurance You can also purchase



Basic Life Insurance voluntary life coverage for
your spouse or same-sex
Intertek provides basic life insurance with accidental death and domestic partner if you’ve
dismemberment insurance at no cost to you. also purchased voluntary
life coverage for yourself.

Basic Life Benefit This coverage is available
in $10,000 increments not
“ Two times your base annual earnings up to a maximum of to exceed the lesser of 50
$500,000 percent of your employee

“ You may opt out of this level of coverage and elect a lat election or $120,000.
$50,000 beneit to avoid imputed income Age Rate per $1,000 of Beneit
Band
“ A lat payment of $5,000 for your spouse or same-sex 18–29 Coverage
$0.056
domestic partner 30–34 $0.064

“ A lat payment of $2,000 for dependent children 35–39 $0.096

“ Guaranteed issue, see below 40–44 $0.144
45–49 $0.224
Voluntary Life Insurance 50–54 $0.368
55–59
$0.592
Intertek offers you the ability to purchase voluntary life 60–64 $0.728
insurance at competitive group rates. Voluntary Life Insurance 65+ $1.160
can be purchased from 1 to 6 times your base annual salary. Optional life insurance rates for you and

your spouse or same-sex domestic partner.
Evidence of Insurability (EOI) or proof of good health is Spouse rates are based on spouse’s age
required under the following circumstances. band.


“ Late entrant: you have previously waived the opportunity
to elect this coverage and are now electing coverage for Online Will Preparation
the irst time

“ Current participant: you currently have this coverage Take advantage of online will preparation
and are requesting an increase to your current coverage services through Liberty Mutual to
amount complement your life insurance coverage.
This is a secure and convenient way
“ Newly eligible: you have never been offered this coverage to create legally binding, state-speciic
previously or waived this coverage previously and you are wills and other personal legal documents
requesting over the guaranteed issue amount of 3 times online. Visit bdalifeservices.com/mla and
earnings or $250,000, whichever is less use the username “mllife” to get started.








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