Page 19 - 2019 Sharks Benefits V6.1
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Special Features:
• 100% portable with no reduction in coverage or EOI
• No rate change with portability
• No reduction in benefits with age
• No paramedical exams
Guaranteed Issue and Conditional Guaranteed Issue underwriting are only available the first time a person is eligible
to apply. Coverage applied for at a later date is subject to Simplified Issue underwriting. The employee must
participate to receive Guarantee Issue or Conditional Guaranteed Issue underwriting on dependents. All children in
the family should be insured equally.
Employee
• Maximum GI -- Coverage cannot exceed the lesser of $100K or 5 times salary
• Maximum CGI -- Coverage cannot exceed the lesser of $150K or 5 times salary
• Maximum SI -- Coverage cannot exceed the lesser of $500K or 5 times salary
Employee must purchase $20K for Dependents to be eligible to purchase at GI amounts
Spouse
• Maximum GI -- Coverage cannot exceed $20K
• Maximum CGI -- Coverage cannot exceed $25K
• Stand Alone -- Maximum SI Coverage cannot exceed $100K – with EOI
Child
• Maximum GI -- Coverage cannot exceed $10K
• Maximum SI -- Coverage cannot exceed $10K
*Child Riders are attached to Employee or Spousal Coverage at an additional rate
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