Page 19 - ABM 2021 Benefits Guide SVC 30+

LIFE AND AD&D

INSURANCE

Cigna

Voluntary Life and AD&D
Insurance

You are eligible to purchase voluntary life and
AD&D insurance at competitive group rates.
Your individual premium rate will depend on
your age and must be paid on an after-tax
basis. The premium rates and overall cost to
you are available on the enrollment website;
please pay special attention to the voluntary life
screens.

Naming a Beneficiary

For life and AD&D insurance coverage, you
must name a beneiciary at abm.hrintouch.com.
The beneiciary is the person who will receive
the beneit in the event of your death. If you
name more than one beneiciary, be sure to
indicate the beneit percentage you wish each
beneiciary to receive. The percentages must
add up to 100%. Beneiciaries may be changed
at any time during the year.

Age Reduction

Beginning at age 70, your Basic Life beneit
will be reduced to a percentage of the original
amount, as outlined below:

Age Reduced To
70 65%
75 50%

ABM 19