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It’s never fun to discuss life insurance. But you probably know that life insurance is something that you need to
protect your loved ones in the event of your death. Things like funeral expenses, debt, and the cost of living,
can all add up. Fortunately, life insurance can help lessen the financial burden and provide coverage to help pay
for these types of expenses.
VOYA |Basic Life and AD&D VOYA | Voluntary Life and AD&D
This coverage is provided by FSSI at no In addition to the company provided Basic Life and AD&D
cost to you benefits, you may elect to purchase additional Term Life
Life insurance protects your family or and AD&D insurance at discounted group rates provided by
other beneficiaries in the event of your VOYA. You pay for this coverage with after-tax dollars
death while you are still actively employed through convenient payroll deductions.
with the company.
Voluntary Life and AD&D
Accidental Death and Dismemberment
(AD&D) coverage provides an additional Employee
benefit to your beneficiary if your death is You may purchase coverage for yourself in increments of
due to a covered accident or injury. $10,000 up to a maximum benefit of $500,000, not to
exceed 5 times your annual salary.
Basic Life and AD&D Spouse or Domestic Partner
Flat $50,000 If you buy coverage for yourself, you may also purchase
coverage for your eligible spouse or domestic partner.
Benefits for your spouse or domestic partner are available
Please note, beginning at age 65, life in increments of $5,000 up to a maximum benefit of
benefits decreased by percentages noted $50,000, not to exceed 50% of your employee election.
in the Schedule of Benefits.
Child(ren) - 6 months and older
If you buy coverage for yourself, you may also purchase
coverage for your eligible dependent child(ren). Benefits for
your child(ren) are available in the amount of $10,000.
Please note, beginning at age 65, life benefits decreased by
percentages noted in the Schedule of Benefits.
Choosing a Beneficiary Guarantee Issue
Guarantee issue is a pre-approved amount of coverage that
A beneficiary is a person or entity who does not require you to provide proof of good health, and is
you designate to receive your death available to you during your initial eligibility period (upon
benefits. Choosing a beneficiary and hire). Guarantee issue is available in the following amounts:
keeping your beneficiary up-to-date is • Employee: $150,000
an essential part of owning life • Spouse or Domestic Partner: $35,000
insurance. Please remember to review • Child(ren): Entire benefit amount ($10,000)
your beneficiary designation as new
situations arise, such as the birth or To provide proof of good health, for an amount greater
adoption of a child, marriage, or than the Guarantee Issue, you will be asked to complete a
divorce. You may login to http:// health questionnaire (Evidence of Insurability) and are
fssi.bswift.com to change your subject to insurance carrier approval. VOYA may approve or
beneficiary as needed. decline coverage based on a review of your health history.
