Page 16 - 2016 Benefit Booklet AYN

Page 16

Basic Life/AD&D Benefits
Provided by UNUM

Basic Life/Accidental Death & Dismemberment

This benefit is 100% paid by Alexander Youth Network

 Coverage equal to 1 x your annual base salary for employee only.
Guaranteed maximum is $100,000. This benefit is available to all full-
time employees working 30+ hours/week.
 Conversion & Portability are included.
 This is a term life product which reduces as you age; first reduction is
35% at age 70, with the next reduction at 50% of the original amount of
coverage at age 75.

Supplemental Life Program

Provided by UNUM

Supplemental Life
 Employee may elect increments of $10,000 to 5x annual salary with a
maximum of $500,000. Guarantee Issue amount of $250,000
 Your spouse may have coverage, in $5,000 increments to a maximum
of $500,000, not to exceed 100% of employee’s Optional Life Benefit.
Spouse Guarantee Issue: $30,000.
 Live birth to 14 days $1,000, 14 days to 6 months $1,000 and 6
months to 19, 26 if fulltime student amount of $10,000 not to exceed
100% of employee’s Optional Life Benefit.
 Spouse/dependent child coverage is only available if the employee
has purchased supplemental coverage.
 Portability is included.
 Employee rates are age-banded rates based on the employee’s age
while spouse rates are age-banded rates based on the spouses age.