Page 17 - 2018 Intertek OE Main Guide
P. 17
2018 Benefits Enrollment
Life Insurance
Basic Life Insurance
Intertek provides basic life insurance with accidental death and
dismemberment insurance at no cost to you.
Basic Life Benefit
You can also Two times your base annual earnings up to a maximum of $500,000
purchase voluntary
life coverage for You may opt out of this level of coverage and elect a lat $50,000
your spouse or beneit to avoid imputed income
same-sex domestic
partner if you’ve also A lat payment of $5,000 for your spouse or same-sex domestic
purchased voluntary partner
life coverage
for yourself. A lat payment of $2,000 for dependent children
This coverage is Guaranteed issue
available in $10,000
increments not to Voluntary Life Insurance
exceed the lesser
of 50% of your Intertek offers you the ability to purchase voluntary life insurance at
employee election or competitive group rates. Voluntary Life Insurance can be purchased from
$120,000. 1 to 6 times your base annual salary.
Age Rate per $1,000 Evidence of Insurability (EOI) or proof of good health is required under the
of Beneit
Band Coverage following circumstances.
18–29 $0.056
30–34 $0.064 Late entrant: you have previously waived the opportunity to elect this
35–39 $0.096 coverage and are now electing coverage for the irst time
40–44 $0.144 Current participant: you currently have this coverage and are
45–49 $0.224 requesting an increase to your current coverage amount
50–54 $0.368
55–59 $0.592 Newly eligible: you have never been offered this coverage previously
60–64 $0.728 or waived this coverage previously and you are requesting over the
65+ $1.160 guaranteed issue amount of 3× earnings or $250,000, whichever is
Optional life insurance rates for less
you and your spouse or same-
sex domestic partner. Spouse
rates are based on spouse’s Online Will Preparation
age band.
Take advantage of online will preparation services through Liberty
Mutual to complement your life insurance coverage. This is a secure and
convenient way to create legally binding, state-speciic wills and other
personal legal documents online. Visit bdalifeservices.com/mla and use
the username “mllife” to get started.
17
Life Insurance
Basic Life Insurance
Intertek provides basic life insurance with accidental death and
dismemberment insurance at no cost to you.
Basic Life Benefit
You can also Two times your base annual earnings up to a maximum of $500,000
purchase voluntary
life coverage for You may opt out of this level of coverage and elect a lat $50,000
your spouse or beneit to avoid imputed income
same-sex domestic
partner if you’ve also A lat payment of $5,000 for your spouse or same-sex domestic
purchased voluntary partner
life coverage
for yourself. A lat payment of $2,000 for dependent children
This coverage is Guaranteed issue
available in $10,000
increments not to Voluntary Life Insurance
exceed the lesser
of 50% of your Intertek offers you the ability to purchase voluntary life insurance at
employee election or competitive group rates. Voluntary Life Insurance can be purchased from
$120,000. 1 to 6 times your base annual salary.
Age Rate per $1,000 Evidence of Insurability (EOI) or proof of good health is required under the
of Beneit
Band Coverage following circumstances.
18–29 $0.056
30–34 $0.064 Late entrant: you have previously waived the opportunity to elect this
35–39 $0.096 coverage and are now electing coverage for the irst time
40–44 $0.144 Current participant: you currently have this coverage and are
45–49 $0.224 requesting an increase to your current coverage amount
50–54 $0.368
55–59 $0.592 Newly eligible: you have never been offered this coverage previously
60–64 $0.728 or waived this coverage previously and you are requesting over the
65+ $1.160 guaranteed issue amount of 3× earnings or $250,000, whichever is
Optional life insurance rates for less
you and your spouse or same-
sex domestic partner. Spouse
rates are based on spouse’s Online Will Preparation
age band.
Take advantage of online will preparation services through Liberty
Mutual to complement your life insurance coverage. This is a secure and
convenient way to create legally binding, state-speciic wills and other
personal legal documents online. Visit bdalifeservices.com/mla and use
the username “mllife” to get started.
17
