Page 15 - CC 2018 Benefits Booklet_revised
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2018 EMPLOYEE BENEFITS GUIDE
BASIC LIFE & AD&D
Basic group term life and accidental Life insurance purchase amounts
death and dismemberment (AD&D) requiring EOI do not become
insurance is provided to you at no effective (and therefore premiums
cost through Guardian. This benefit are not deducted from your pay) until
is equal to 200% of your annual approval is obtained from Guardian
salary, up to $250,000. In addition, or the effective date of your benefits,
you may purchase supplemental life whichever comes later.
coverage in $10,000 increments up to
a maximum of $500,000. If you have applied for supplemental
life insurance and you do not provide
Your basic AD&D coverage amount a statement of good health, or if such
equals your basic life benefit. evidence is not accepted by Guardian
as satisfactory, the amount of your
Evidence of Insurability (EOI) supplemental coverage will not be
more than the amount for which you
EOI is medical underwriting for were covered immediately prior to
supplemental life coverage. It the date on which any such increase
is required if amounts over the would have become effective.
guarantee issue are requested or if
you are enrolling outside the normal
enrollment periods.
Your supplemental life purchases
which exceed $150,000 require EOI.
No EOI is required for spouse or
children if timely enrolled.
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