Page 14 - Guide
P. 14
Dependent Voluntary Life Coverage—NEW!
If you elect voluntary life coverage for yourself, you can also elect voluntary life
coverage for your spouse and dependent children. This coverage offers inancial
protection to you in the event of your covered family member’s death.
Coverage choices
X Voluntary spouse life insurance—increments of $5,000 up to $500,000
Note: you cannot elect spousal life insurance greater than your own total
additional life insurance value
X You must provide EOI if you elect spouse coverage in excess of $30,000
X Premium rates for spouse coverage are based on spouse’s age
X Voluntary child life insurance—increments of $2,000 up to $10,000 (coverage
from birth to age 6 months is limited to $1,000)
Voluntary AD&D (Accidental Death and
Dismemberment)—NEW!
You also have the option of purchasing voluntary AD&D coverage. This coverage
pays a beneit if you, your spouse, or your child(ren) is either killed or injured as a
result of an accident. You may purchase AD&D coverage for yourself, your spouse,
and your children regardless of whether you purchase voluntary life coverage up
to the same limits available for voluntary life coverage. AD&D coverage does not
require medical evidence of insurability. As you go online to enroll on the new
MG+BW Lockton Marketplace website, the cost of coverage will automatically be
calculated for you.
Employee AD&D Monthly Rate Spouse AD&D Monthly Rate Child AD&D Monthly Rate
$0.599 per $10,000 $0.315 per $5,000 $0.074 per $2,000
14
2015 Open Enrollment
If you elect voluntary life coverage for yourself, you can also elect voluntary life
coverage for your spouse and dependent children. This coverage offers inancial
protection to you in the event of your covered family member’s death.
Coverage choices
X Voluntary spouse life insurance—increments of $5,000 up to $500,000
Note: you cannot elect spousal life insurance greater than your own total
additional life insurance value
X You must provide EOI if you elect spouse coverage in excess of $30,000
X Premium rates for spouse coverage are based on spouse’s age
X Voluntary child life insurance—increments of $2,000 up to $10,000 (coverage
from birth to age 6 months is limited to $1,000)
Voluntary AD&D (Accidental Death and
Dismemberment)—NEW!
You also have the option of purchasing voluntary AD&D coverage. This coverage
pays a beneit if you, your spouse, or your child(ren) is either killed or injured as a
result of an accident. You may purchase AD&D coverage for yourself, your spouse,
and your children regardless of whether you purchase voluntary life coverage up
to the same limits available for voluntary life coverage. AD&D coverage does not
require medical evidence of insurability. As you go online to enroll on the new
MG+BW Lockton Marketplace website, the cost of coverage will automatically be
calculated for you.
Employee AD&D Monthly Rate Spouse AD&D Monthly Rate Child AD&D Monthly Rate
$0.599 per $10,000 $0.315 per $5,000 $0.074 per $2,000
14
2015 Open Enrollment
