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Olshan Properties Corporate
Life and Accidental Death & Dismemberment
(AD&D) Insurance Coverage
Olshan Properties provides basic life and AD&D insurance to all During your initial new hire eligibility
eligible employees. This coverage pays a beneit to your named period, Lincoln Financial will allow
beneiciary in the event of your death or certain debilitating injuries. you to elect coverage up to the
This beneit is 1x annual salary to a maximum of $50,000 and paid guaranteed issue amounts without
for by Olshan Properties. This beneit is offered through Lincoln submitting evidence of insurability.
Financial. If you want to increase your election
beyond the guaranteed issue amounts,
Voluntary Life evidence of insurability will be
If you would like to purchase voluntary life insurance in addition to required before Lincoln Financial will
your company paid beneit, Olshan Properties offers you the ability inalize and approve your election.
to purchase voluntary life insurance. Voluntary life insurance can be Going forward, employees or spouses
purchased in increments of $10,000 up to a maximum of 5x your will be able to increase coverage up
salary, or $500,000. Once you’ve elected coverage for yourself, you to two increments without submitting
can elect coverage for your spouse and/or dependent children. evidence of insurability, but employees
or spouses who have declined coverage
You can elect coverage for your spouse in $5,000 increments to a or withdrawn a coverage request will
maximum 50 percent of the your elected beneit, or $50,000. You not be eligible for the increase without
can also elect coverage for your child(ren) in $2,000 increments to a submitting evidence of insurability.
maximum of $10,000. The guaranteed issue amounts are as
follows.
Employee guaranteed issue
amount = $200,000
Spouse guaranteed issue amount =
$50,000
Child(ren) guaranteed issue
amount = $10,000
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Life and Accidental Death & Dismemberment
(AD&D) Insurance Coverage
Olshan Properties provides basic life and AD&D insurance to all During your initial new hire eligibility
eligible employees. This coverage pays a beneit to your named period, Lincoln Financial will allow
beneiciary in the event of your death or certain debilitating injuries. you to elect coverage up to the
This beneit is 1x annual salary to a maximum of $50,000 and paid guaranteed issue amounts without
for by Olshan Properties. This beneit is offered through Lincoln submitting evidence of insurability.
Financial. If you want to increase your election
beyond the guaranteed issue amounts,
Voluntary Life evidence of insurability will be
If you would like to purchase voluntary life insurance in addition to required before Lincoln Financial will
your company paid beneit, Olshan Properties offers you the ability inalize and approve your election.
to purchase voluntary life insurance. Voluntary life insurance can be Going forward, employees or spouses
purchased in increments of $10,000 up to a maximum of 5x your will be able to increase coverage up
salary, or $500,000. Once you’ve elected coverage for yourself, you to two increments without submitting
can elect coverage for your spouse and/or dependent children. evidence of insurability, but employees
or spouses who have declined coverage
You can elect coverage for your spouse in $5,000 increments to a or withdrawn a coverage request will
maximum 50 percent of the your elected beneit, or $50,000. You not be eligible for the increase without
can also elect coverage for your child(ren) in $2,000 increments to a submitting evidence of insurability.
maximum of $10,000. The guaranteed issue amounts are as
follows.
Employee guaranteed issue
amount = $200,000
Spouse guaranteed issue amount =
$50,000
Child(ren) guaranteed issue
amount = $10,000
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