Page 14 - Arrowhead Credit Union Benefit Guide 2019 - Final

Mutual of Omaha | Basic Term Life and AD&D Insurance
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.

Mutual of Omaha | Voluntary Term Life and AD&D Insurance
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.

Employee
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.
Spouse

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

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.

Semi-Monthly Voluntary Life Rates 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 following amounts:
Under $0.40 $0.20 • Employees: $200,000
29 • Spouses: $50,000
30-34 $0.50 $0.25 • Children: $10,000

35-39 $0.59 $0.29 If you are no longer in your initial eligibility period, you may enroll in
40-44 $0.78 $0.39 Voluntary Life and AD&D insurance only during open enrollment as
long as you provide proof of good health. To provide proof of good
45-49 $1.16 $0.58
health, you will be asked to complete a health questionnaire and are
50-54 $1.81 $0.91 subject to insurance carrier approval. Mutual of Omaha may approve
or decline coverage based on a review of your health history.
55-59 $2.95 $1.47
60-64 $4.33 $2.16
Assigning a Beneficiary
65-69 $7.53 $3.76
A beneficiary is the person or entity who you designate to receive your
70-74 $8.35 NA death benefits. Choosing a beneficiary and keeping your beneficiary up
75-79 $21.15 NA -to-date is an essential part of owning life insurance. Please remember
to review your beneficiary designation as new situations arise, such as
80+ $42.80 NA the birth or adoption of a child, marriage or divorce. Update your

Child Life Rate per $1,000 Benefit: $0.10 beneficiary in UltiPro any time.

14