Page 14 - 2017 Employee Benefit Highlights

Having peace of mind

Life insurance and AD&D

Basic life insurance and accidental death and
dismemberment (AD&D) | cigna.com
If something were
This benefit is provided at no cost to you—Epicor pays 100% of the cost.
to happen to you, how
Basic Life Insurance is coverage for you, the employee, and a benefit would be paid to your financially secure would
designated beneficiary. The benefit would equal one times your basic annual earnings your loved ones be?
rounded to the next higher $1,000, up to a benefit maximum of $500,000. Basic annual
earnings does not include any bonus, commission or overtime payments.
Would your spouse be
Accidental Death and Dismemberment (AD&D) coverage might provide your designated
beneficiary with additional benefits if you die or suffer a qualifying disability because of an able to keep your home?
accident (not an illness). This benefit is also equal to one times your basic annual earnings Would your children be
rounded to the next higher $1,000, up to $500,000. Basic annual earnings does not include able to afford college?
any bonus, commission or overtime payments.
How would all the bills
Supplemental Life and AD&D coverage | cigna.com get paid?

In addition to your company paid life and AD&D insurance, you have the option of
purchasing additional coverage at discounted group rates. You would pay the cost of this
coverage via payroll deduction.

The plans are Guarantee Issue policies. During the initial enrollment period, if you (and your Supplemental Life benefits are
dependents) are eligible for coverage, you are guaranteed to receive a specified amount non-taxable when paid for with
of insurance without answering any health questions. You can apply for more than the post-tax dollars. The price you pay
Guaranteed Issue amount, but you need to complete an Evidence of Insurability (EOI) form. for supplemental group term life
The EOI form will be emailed to you from your Benefits Specialist after Open Enrollment. insurance is a function of your age
Rates are based on age. The rates are detailed to the right. Certain conditions apply. and your coverage amount. The
following table shows the price for
Supplemental Life supplemental life insurance.
• For you, the employee. You can elect to buy in $10,000 increments up to a
maximum of $1,000,000, not to exceed seven times your base annual earnings. SUPPLEMENTAL LIFE MONTHLY
STEP RATES
Guaranteed Issue amount of $200,000.
Age Employee Spouse Child
• For your spouse. You can buy coverage for your spouse, but only if you have per $1K per $1K per $1K
purchased Employee Supplemental Life. You may purchase in $5,000 increments, <20 $0.0390 $0.0390 $0.1800
not to exceed 100% of your supplemental employee coverage amount. Guaranteed 20-29 $0.0390 $0.0390
Issue amount of $25,000. 30-34 $0.0480 $0.0490
35-39 $0.0680 $0.0680
• For your child(ren). You are also able to buy coverage for your child(ren), but only 40-44 $0.1070 $0.1070
if you have purchased Employee Supplemental Life. You may purchase in $2,000 45-49 $0.1730 $0.1600
increments not to exceed $10,000 of life insurance/AD&D per child up to age 26. 50-54 $0.2580 $0.2440
All Guaranteed Issue. 55-59 $0.4330 $0.4170
60-64 $0.6390 $0.6190
Supplemental AD&D 65-69 $1.0240 $0.8640
• For you, your spouse and your children. You are also eligible to buy coverage for 70+ $1.9460 $1.8250
your family if you have purchased employee supplemental AD&D. AD&D insurance Note: the child Life and AD&D premium
costs $0.02 per month for each $1,000 of coverage you purchase for yourself and paid for child coverage is based on the
for your spouse and/or children, up to seven times your salary or $1,000,000 cost of coverage for one child, regardless
of how many children you have.
whichever is less.
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