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VOLUNTARY LIFE AND AD&D INSURANCE
Life and AD&D Insurance
You have the option to purchase additional life insurance coverage. New hires can elect Supplemental Life Insurance
for themselves and their spouses up to the Guaranteed Issue amounts listed with no medical underwriting. Employees
who did not elect coverage when they were originally hired can still take advantage of this coverage but will have to
provide Evidence of Insurability information and be medically underwritten.
_ Benefit
Employee Life and Increments of $10,000 up to 5 times your annual salary, not to exceed $500,000
AD&D
Spouse Increments of $5,000, not to exceed 100% of employee coverage
Life (EOI required for amounts over $30,000)
Spouse Increments of $5,000, not to exceed 50% of employee coverage up to $250,000
AD&D
Live birth to 6 months: $1,000
VOLUNTARY LIFE AND AD&D INSURANCE
Child Life
6 months to age 26: $10,000
Voluntary Employee and Spouse Life insurance rates are based on employee age bands. The Employee’s age is updated the month
after their birth month.
To carry Voluntary Life Insurance and/or Voluntary AD&D for your Dependents you must elect Voluntary Life Insurance and/or Voluntary
AD&D for yourself.
Evidence of Insurability:
_
If you apply for additional life insurance, you may be required to fill out a medical questionnaire called an EOI form. The
form should be returned directly to Unum. The amount you elect that is more than the Guaranteed Issue limits will not be
effective until you are approved for coverage.
Adding Dependent Coverage:
If you do not add your dependents when you are initially enrolling, they cannot be added unless you experience a
Qualifying Life Event. This event must correspond with the dependent you are adding such as birth of a baby will
allow you to add the dependent child only or getting married will allow you to add your new spouse only.
The above is a summary of this benefit option.
Click here for more detailed information on this available benefit option.
2023 Rangers Baseball LLC (the Texas Rangers) Benefit Guide Page 16
The above is a summary of this benefit option.
Click here for more detailed information on this available benefit option.
