Page 19 - SC Fuels EE Guide 2020 National
P. 19
LIFE / AD&D
Sun Life | Basic Life/AD&D Sun Life | Voluntary Life/AD&D
Life insurance protects your family In addition to the company provided Basic Life and AD&D
or other beneficiaries in the event of benefits, you may elect to purchase additional Term Life
your death while you are still actively and AD&D insurance at discounted group rates provided
employed with the company. by Sun Life. You pay for this coverage with after-tax dollars
through convenient payroll deductions.
Accidental Death and Dismemberment
(AD&D) coverage provides an additional Voluntary Life/AD&D
benefit to your beneficiary if your death is
due to a covered accident or injury. Team Member
You may purchase coverage for yourself in increments of
Life benefits will reduce by certain $25,000 up to a maximum benefit of $500,000.
percentages as you age, and will Spouse or Domestic Partner
terminate when you leave the company If you buy coverage for yourself, you may also purchase
or retire. coverage for your eligible spouse. Benefits for your
spouse are available in the amount of 50% of your team
SC Fuels pays for Life and AD&D member election, not to exceed $250,000.
coverage, offered through Sun Life. This Child(ren)
coverage is offered at no cost to you. If you buy coverage for yourself, you may also purchase
coverage for your eligible dependent child(ren). Benefits
Basic Life / AD&D for your child(ren) are available in the following amounts:
$25,000 • Ages 14 days to 6 months: Flat $500
• 6 months to 26 years: $10,000
Guarantee Issue
Guarantee issue is a pre-approved amount of coverage that
does not require you to provide proof of good health, and
is available to you during your initial eligibility period (upon
hire).
CHOOSING A BENEFICIARY Guarantee issue is available in the following amounts:
• Team Member: $250,000
A beneficiary is a person or entity • Spouse: $50,000
who you designate to receive • Child(ren): $10,000
your death benefits. Choosing
a beneficiary and keeping your If you are no longer in your initial eligibility period, you may
beneficiary up-to-date is an enroll in Voluntary Life insurance anytime during the year
essential part of owning life as long as you provide proof of good health. To provide
insurance. Please remember to proof of good health, you will be asked to complete a health
review your beneficiary designation questionnaire (Evidence of Insurability) and are subject to
as new situations arise, such as insurance carrier approval. Sun Life may approve or decline
the birth or adoption of a child, coverage based on a review of your health history.
marriage or divorce. You may
update your beneficiary by logging
into bswift. bswift login information
is located on page 4.
TEAM MEMBER BENEFITS | 19
