Page 15 - Allegacy 2017 booklet 8.5x11

Allegacy Benefit Solutions Page 15

Basic Life/AD&D Benefits
Provided by UNUM

Basic Life/Accidental Death & Dismemberment
 This benefit is 100% paid by the employer.
 Benefit amount is 2 x annual salary to a maximum of $300,000 for eligible
employees.
 Guarantee issue amount is $300,000 (no medical questions).
 This benefit amount will reduce by 50% at age 70, and
terminates upon retirement.
 Dependent coverage is available for spouse in the amount of $5,000; child
age 14 days to 6 months $2,000; Child age 6 months up to age 19, or 26 if a
fulltime student $2500.

Voluntary Life Benefits

Provided by UNUM

Voluntary Life/Accidental Death & Dismemberment
 This benefit is 100% employee paid through payroll deductions.
 Employee coverage is available in $10,000 increments to a
maximum of $500,000. See policy certificate for reduction
schedule.
 Spouse coverage is available in $5,000 increments, equal to 100% of the
employees election.
 Dependent child(ren) may have coverage equal to $10,000 without proof
of good health.
 Guarantee Issue amount for the employee is $150,000; spouse $30,000;
child(ren) $10,000.
 Spouse/dependent child coverage is only available if the
employee has purchased voluntary coverage.
 Rates for employee and spouse are based on the age of the
Employee. Dependent child(ren) rate is $0.70 for $10,000 of
coverage. Please see your HR Administrator for details.
 Future applicants are subject to medical underwriting.
 This benefit is portable and convertible.