Page 23 - Ches User's Guide 2018 v1.5 1-18-18

Life Insurance

In order to provide you and your family working on the day before the scheduled
financial protection in the event of a effective date of your insurance or

death, Chesapeake offers a range of life increase, your insurance or increase will
insurance options that can cover you, not become effective until the day after
your spouse and your children. We hope you complete one full day of active work
you never need to use these benefits, as an eligible member.

but you can rest easier knowing these When both spouses are Chesapeake
benefits allow you to be prepared. employees:

Bear in mind that age-related reductions n An employee cannot be covered under
in your employee and spouse life another employee’s supplemental
insurance coverage will occur at: spouse policy. each must have their

Age 65 – 69 (65%) own employee supplemental life
n
insurance policy.
Age 70 – 74 (50%)
n
n only one employee can cover their
Age 75 and over (35%)
n
children in child supplemental life.
For life insurance and Ad&d insurance
and disability plans, the active work

clause applies. If you are not actively

Basic Life and AD&D Supplemental Life Supplemental AD&D

Costs
All rates for life, supplemental, spouse

and child life insurance can be found on
chesapeake.benefitsnow.com.

2018 ToTal RewaRds Guide 21