Page 16 - 2018 Sulzer (Pumps Union) New Hire Guide
P. 16
As a newly eligible employee, you can Life and Disability
elect coverage up to the guaranteed
issue amounts without submitting Life and AD&D Insurance
evidence of insurability (EOI). For all
employees, each year during open We know inancial security and planning is a top priority for you. This is
enrollment, you may increase your why we offer life insurance beneits to help inancially protect you and
coverage by $10,000 to a maximum your family if your income were suddenly lost. You can also purchase
of $40,000, up to the $350,000 additional term life and AD&D insurance for yourself, your spouse, and
guaranteed issue amount. If you have dependent children.
coverage for your yourself, each year
at open enrollment you may increase Life Insurance At-a-Glance*
your spouse’s coverage by $5,000 Cigna
to a maximum of $20,000, up to the Employee Life Insurance
$50,000 guaranteed issue level. Basic $40,000
Voluntary $10,000 increments up to 5× annual earnings, maximum of
$1,000,000; you can elect up to the guaranteed issue amount
of $350,000 without completing EOI (evidence of insurability)
Living Beneit
If you become terminally ill while covered, you can claim up to 75% of the combined
value of your basic and voluntary life coverage up to $750,000 while you are still
living
Dependent Life Insurance
Spouse $5,000 increments up to 50% of the amount of coverage you
elect for yourself, maximum of $250,000; you can elect up to
the guaranteed issue amount of $50,000 without completing
EOI
Child Birth to 6 months: lat $1,000
6 months to age 26: $5,000, $10,000, or $15,000 per child,
all guaranteed issue
AD&D Insurance At-a-Glance*
Cigna
AD&D Insurance—All Guaranteed Coverage
Basic $40,000
Voluntary $10,000 increments up to 10× annual earnings, maximum
of $1,000,000
Dependent Voluntary AD&D
Spouse Only 60% of employee beneit
Spouse and Dependents 50% for spouse and 15% for dependents of employee
beneit
Dependent Only 20% of employee amount
Note: age restrictions may apply. Please contact Human Resources for additional details
regarding the beneits.
* You must be considered actively at work on your effective date for coverage to be effective.
16 2018 Benefits Enrollment
elect coverage up to the guaranteed
issue amounts without submitting Life and AD&D Insurance
evidence of insurability (EOI). For all
employees, each year during open We know inancial security and planning is a top priority for you. This is
enrollment, you may increase your why we offer life insurance beneits to help inancially protect you and
coverage by $10,000 to a maximum your family if your income were suddenly lost. You can also purchase
of $40,000, up to the $350,000 additional term life and AD&D insurance for yourself, your spouse, and
guaranteed issue amount. If you have dependent children.
coverage for your yourself, each year
at open enrollment you may increase Life Insurance At-a-Glance*
your spouse’s coverage by $5,000 Cigna
to a maximum of $20,000, up to the Employee Life Insurance
$50,000 guaranteed issue level. Basic $40,000
Voluntary $10,000 increments up to 5× annual earnings, maximum of
$1,000,000; you can elect up to the guaranteed issue amount
of $350,000 without completing EOI (evidence of insurability)
Living Beneit
If you become terminally ill while covered, you can claim up to 75% of the combined
value of your basic and voluntary life coverage up to $750,000 while you are still
living
Dependent Life Insurance
Spouse $5,000 increments up to 50% of the amount of coverage you
elect for yourself, maximum of $250,000; you can elect up to
the guaranteed issue amount of $50,000 without completing
EOI
Child Birth to 6 months: lat $1,000
6 months to age 26: $5,000, $10,000, or $15,000 per child,
all guaranteed issue
AD&D Insurance At-a-Glance*
Cigna
AD&D Insurance—All Guaranteed Coverage
Basic $40,000
Voluntary $10,000 increments up to 10× annual earnings, maximum
of $1,000,000
Dependent Voluntary AD&D
Spouse Only 60% of employee beneit
Spouse and Dependents 50% for spouse and 15% for dependents of employee
beneit
Dependent Only 20% of employee amount
Note: age restrictions may apply. Please contact Human Resources for additional details
regarding the beneits.
* You must be considered actively at work on your effective date for coverage to be effective.
16 2018 Benefits Enrollment
