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Life insurance protects your family or other beneficiaries in the event of your death while you are still actively
employed with the company. Arrowhead Credit Union pays for coverage, offered through Mutual of Omaha.
Your benefit will be based on your life insurance eligibility class.

If your death is due to a covered accident or injury, your beneficiary will receive an additional amount
through Accidental Death and Dismemberment (AD&D) coverage.

In addition to the company provided Basic Life and AD&D benefits, you may elect to purchase additional
Term Life and AD&D insurance at discounted group rates provided by Mutual of Omaha. You pay for this
coverage with after-tax dollars through convenient payroll deductions.

You may purchase coverage for yourself in increments of $10,000 to a maximum benefit of $500,000, not to exceed 5
times your annual salary.

If you buy coverage for yourself, you may also purchase coverage for your eligible spouse. Benefits for your spouse are availa‐
ble in increments of $5,000 to a maximum benefit of $100,000 and may not exceed 100% of your employee election.

If you buy coverage for yourself, you may also purchase coverage for your eligible dependent child(ren) in increments
of $2,000 to $10,000; not to exceed 100% of your benefit. Unmarried children can be covered from age 14 days old up
to 26 years regardless if a full-time student.

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
Age Team Member Spouse $5,000 during your initial eligibility period (upon hire). Guarantee issue is
$10,000 Benefit Benefit
available in the amount of $200,000 for employees, $50,000 for
Under 29 $0.40 $0.20 spouses, and $10,000 for children.
30-34 $0.50 $0.25
If you are no longer in your initial eligibility period, you may enroll in
35-39 $0.59 $0.29 Voluntary Life and AD&D insurance only during open enrollment as long
40-44 $0.78 $0.39 as you provide proof of good health. To provide proof of good health,
you will be asked to complete a health questionnaire and are subject to
45-49 $1.16 $0.58
insurance carrier approval. Mutual of Omaha may approve or decline
50-54 $1.81 $0.91 coverage based on a review of your health history.
55-59 $2.95 $1.47
60-64 $4.33 $2.16

65-69 $7.53 $3.76 A beneficiary is the person or entity who you designate to receive your
death benefits. Choosing a beneficiary and keeping your beneficiary up-
70-74 $8.35 NA
to-date is an essential part of owning life insurance. Please remember
75-79 $21.15 NA to review your beneficiary designation as new situations arise, such as
the birth or adoption of a child, marriage or divorce. You may call the
80+ $42.80 NA
Human Resources Department for a copy of the Beneficiary Designation
Child Life Rate per $1,000 Benefit: $0.10 Form as needed.

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