Page 15 - 2018 Sulzer (Pumps Solutions) Benefit Guide
P. 15
Sulzer
Life and Disability As a newly eligible employee, you can
elect coverage up to the guaranteed
Life and AD&D Insurance issue amounts without submitting
evidence of insurability (EOI). For all
We know inancial security and planning is a top priority for you. This is employees, each year during open
why we offer life insurance beneits to help inancially protect you and enrollment, you may increase your
your family if your income were suddenly lost. You can also purchase coverage by $10,000 to a maximum
additional term life and AD&D insurance for yourself, your spouse, and of $40,000, up to the $350,000
dependent children. guaranteed issue amount. If you have
coverage for your yourself, each year
at open enrollment you may increase
Life Insurance At-a-Glance*
Cigna your spouse’s coverage by $5,000
Employee Life Insurance to a maximum of $20,000, up to the
Basic 2× base salary $50,000 guaranteed issue level.
Maximum $350,000
Voluntary $10,000 increments up to 5× annual earnings, maximum of
$1,000,000; you can elect up to the guaranteed issue amount
of $350,000 without completing EOI (evidence of insurability)
Living Beneit
If you become terminally ill while covered, you can claim up to 75% of the combined
value of your basic and voluntary life coverage up to $750,000 while you are still
living
Dependent Life Insurance
Spouse $5,000 increments up to 50% of the amount of coverage you
elect for yourself, maximum of $250,000; you can elect up to
the guaranteed issue amount of $50,000 without completing
EOI
Child Birth to 6 months: lat $1,000
6 months to age 26: $5,000, $10,000, or $15,000 per child,
all guaranteed issue
AD&D Insurance At-a-Glance*
Cigna
AD&D Insurance—All Guaranteed Coverage
Basic 2× base salary
Maximum $350,000
Voluntary $10,000 increments up to 10× annual earnings, maximum
of $1,000,000
Dependent Voluntary AD&D
Spouse Only 60% of employee beneit
Spouse and Dependents 50% for spouse and 15% for dependents of employee
beneit
Dependent Only 20% of employee amount
Note: age restrictions may apply. Please contact Human Resources for additional details
regarding the beneits.
* You must be considered actively at work on your effective date for coverage to be effective.
15
Life and Disability As a newly eligible employee, you can
elect coverage up to the guaranteed
Life and AD&D Insurance issue amounts without submitting
evidence of insurability (EOI). For all
We know inancial security and planning is a top priority for you. This is employees, each year during open
why we offer life insurance beneits to help inancially protect you and enrollment, you may increase your
your family if your income were suddenly lost. You can also purchase coverage by $10,000 to a maximum
additional term life and AD&D insurance for yourself, your spouse, and of $40,000, up to the $350,000
dependent children. guaranteed issue amount. If you have
coverage for your yourself, each year
at open enrollment you may increase
Life Insurance At-a-Glance*
Cigna your spouse’s coverage by $5,000
Employee Life Insurance to a maximum of $20,000, up to the
Basic 2× base salary $50,000 guaranteed issue level.
Maximum $350,000
Voluntary $10,000 increments up to 5× annual earnings, maximum of
$1,000,000; you can elect up to the guaranteed issue amount
of $350,000 without completing EOI (evidence of insurability)
Living Beneit
If you become terminally ill while covered, you can claim up to 75% of the combined
value of your basic and voluntary life coverage up to $750,000 while you are still
living
Dependent Life Insurance
Spouse $5,000 increments up to 50% of the amount of coverage you
elect for yourself, maximum of $250,000; you can elect up to
the guaranteed issue amount of $50,000 without completing
EOI
Child Birth to 6 months: lat $1,000
6 months to age 26: $5,000, $10,000, or $15,000 per child,
all guaranteed issue
AD&D Insurance At-a-Glance*
Cigna
AD&D Insurance—All Guaranteed Coverage
Basic 2× base salary
Maximum $350,000
Voluntary $10,000 increments up to 10× annual earnings, maximum
of $1,000,000
Dependent Voluntary AD&D
Spouse Only 60% of employee beneit
Spouse and Dependents 50% for spouse and 15% for dependents of employee
beneit
Dependent Only 20% of employee amount
Note: age restrictions may apply. Please contact Human Resources for additional details
regarding the beneits.
* You must be considered actively at work on your effective date for coverage to be effective.
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