Page 15 - 2013 Allied Printing Benefit & Notices

Allied Printing Co., Inc. 2013

Basic Life/AD&D and Optional Life/AD&D Coverage

Life insurance is extremely important if you have family
members that depend upon your income. Life insurance
provides financial security for you and your dependents should
you die while an employee at the Company. Accidental Death &
Dismemberment (AD&D) insurance pays an additional benefit if
DRAFT
your death is a result of an accident. In addition, AD&D
insurance will pay a portion of the benefit for a loss of limb,
eyesight, or both, if the loss is directly related to the accident.

Allied Printing provides a company-paid Basic Life/AD&D benefit
for you by Lincoln Financial Group (LFG).

Your Basic Life and Optional Life (employee and spouse)
insurance benefits will reduce by 35% at age 65, by an
additional 25% at age 70 and by an additional 15% at age 75.
Coverage effectives dates and increases in coverage may be delayed if you and/or your dependents are
disabled or hospital confined on the date coverage is scheduled to take effect. Review the LFG
Summary Plan Description for details.

When do you need to provide Evidence of Insurability (E of I)?
Optional Life Amounts* Open Enrollment &
New Hire Enrollment
Mid-Year Changes
If not currently enrolled and you
$10,000 increments If you elect more than elect coverage
Employee up to 5 times your $100,000
salary ($20,000 if age 70-74) If currently enrolled and you elect
to increase coverage
$5,000 increments up
to a Maximum benefits If not currently enrolled and you
of $100,000 or 50% of If you elect more than elect coverage
Spouse** the Employee’s $10,000 and/or are age 60 or
Supplemental Life higher If currently enrolled and you elect
Insurance amount, to increase coverage
whichever is greater.
$250 per child age 14 If not currently enrolled and you
days to 6 months Not Required elect coverage
Child(ren)** $10,000 per child age
6 months to 19 years If not currently enrolled and you
(25 years fir full0time Not Required elect coverage
student)
E of I required any time participant has attained age 60.
All required E of I paid at applicant’s own expense.

* Any coverage amount subject to E of I will became effective on the date approved by LFG.
** Employee must be enrolled in Voluntary Life through employer.

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