Page 16 - 2018 Fontbonne Benefit Guide
P. 16
Designating Your Basic Life and AD&D
Beneficiary
If you pass away while covered by Basic group term life and accidental death and dismemberment (AD&D)
this plan, the beneit is paid to the insurance is provided to you at no cost through Liberty Mutual. This
beneiciary (or beneiciaries) you
designate. Please make sure your beneit is equal to one times your annual salary, up to $50,000. In addition,
beneiciary information is accurate. you may purchase supplemental life coverage in $10,000 increments up to
If you do not name a beneiciary, the three times your annual earnings or $300,000.
beneit will be paid to your estate.
You may update or add a beneiciary Your basic AD&D coverage amount equals your basic life beneit.
at anytime through Paycor.
Supplemental Life Insurance Specifics
X You must be enrolled for supplemental beneits in order to be eligible
for supplemental dependent life coverage
X Supplemental dependent life insurance coverage may be purchased in
the following amounts
Y Spouse—$10,000 increments to a maximum beneit of $150,000;
the amount cannot exceed 50% of the employee’s supplemental
coverage
Y Children
X 15 days to six months—$500
X Six months to 26 years in $2,500 units to $10,000
Y On the date you attain age 65, the beneit reduces to 65% of your
original beneit; when you reach age 70, your beneit reduces to
50%; when you reach age 75, a inal reduction occurs to 25% of
your original beneit
Please Note
This year is considered true open enrollment for your voluntary life coverages. This means you have the opportunity to elect
new coverage or increase your current coverage up to the guarantee issue amount without submitting proof of good health. Open
enrollment applies to both employee and spouse elections.
16 2018 Benefits Enrollment
Beneficiary
If you pass away while covered by Basic group term life and accidental death and dismemberment (AD&D)
this plan, the beneit is paid to the insurance is provided to you at no cost through Liberty Mutual. This
beneiciary (or beneiciaries) you
designate. Please make sure your beneit is equal to one times your annual salary, up to $50,000. In addition,
beneiciary information is accurate. you may purchase supplemental life coverage in $10,000 increments up to
If you do not name a beneiciary, the three times your annual earnings or $300,000.
beneit will be paid to your estate.
You may update or add a beneiciary Your basic AD&D coverage amount equals your basic life beneit.
at anytime through Paycor.
Supplemental Life Insurance Specifics
X You must be enrolled for supplemental beneits in order to be eligible
for supplemental dependent life coverage
X Supplemental dependent life insurance coverage may be purchased in
the following amounts
Y Spouse—$10,000 increments to a maximum beneit of $150,000;
the amount cannot exceed 50% of the employee’s supplemental
coverage
Y Children
X 15 days to six months—$500
X Six months to 26 years in $2,500 units to $10,000
Y On the date you attain age 65, the beneit reduces to 65% of your
original beneit; when you reach age 70, your beneit reduces to
50%; when you reach age 75, a inal reduction occurs to 25% of
your original beneit
Please Note
This year is considered true open enrollment for your voluntary life coverages. This means you have the opportunity to elect
new coverage or increase your current coverage up to the guarantee issue amount without submitting proof of good health. Open
enrollment applies to both employee and spouse elections.
16 2018 Benefits Enrollment
