Page 18 - SBCEO Benefit Guide 19-20_FINAL

Income Protection Benefits 18

Voluntary Life Insurance

SBCEO gives you the opportunity to purchase life insurance to help protect your beneficiary(ies) financially.

Voluntary Life Insurance

Carrier Lincoln Financial Group
Plan Benefits
– Employee You may purchase coverage in increments of $10,000 to a maximum of $500,000, not to exceed
5 times your basic annual earnings

– Spouse/Domestic Partner You may purchase coverage for your spouse/domestic partner in increments of $5,000 to a
maximum of $250,000 or 50% of your employee Voluntary Life coverage, whichever is less

– Child(ren) You may purchase coverage for your dependent child(ren) age 1 day to 26 years in increments
of $,5000 to a maximum of $20,000
Guarantee Issue
– Employee For new hires, amounts over $200,000 require proof of good health and approval by Lincoln
Financial Group

Currently enrolled employees may increase coverage by $10,000 or $20,000; other amounts
require proof of good health and approval Lincoln Financial Group

– Spouse/Domestic Partner For new hires, amounts over $50,000 require proof of good health and approval by Lincoln
Financial Group. For employees with spouses/domestic partners already enrolled, coverage
may be increased by $5,000 or $10,000; other amounts require proof of good health and
approval by Lincoln Financial Group.

– Child(ren) You are not required to provide proof of good health when purchasing coverage for your
child(ren)
Portability You can convert your coverage to an individual policy if you leave SBCEO
Employee Contribution You pay the full cost for this coverage

Voluntary Accidental Death and Dismemberment Insurance

SBCEO gives you the opportunity to purchase Accidental Death and Dismemberment (AD&D) Insurance. This coverage provides
financial protection for you and your family in the event of an accident that results in serious injuries or death.

Voluntary Accidental Death and Dismemberment (AD&D) Insurance
Carrier Prudential Financial

Plan Benefits
– Employee You may purchase coverage for yourself in increments of $10,000 to a maximum of
$100,000, or in an amount of $125,000, $150,000, $200,000, $300,000, $400,000 or

$500,000. Coverage amounts of $250,000 or more cannot exceed 10 times annual salary

– Dependents You may purchase coverage for your eligible dependents; coverage for your spouse will be
60% of your AD&D coverage amount; if you have no dependent children, it will be 50% of
your AD&D coverage amount if you have dependent children

Employee Contribution You pay the full cost for this coverage