Supplemental Life

In addition to basic life insurance, you have the option of electing supplemental life coverage for yourself, your spouse and child.

For yourself: You can purchase additional coverage in $10,000 increments, up to $300,000 (not to exceed 5 times your annual salary). The Guarantee Issue amount is $150,000 for New Hires. Your rates depend on your age and benefit amount elected.

For your spouse: If you elect coverage for yourself, you can elect coverage for your spouse in $5,000 increments up to $150,000. The amount cannot exceed 100% of your benefit amount. The Guarantee Issue amount is $25,000 for New Hires. Spouse rates depend on the Employee’s age and benefit amount elected.

For your child: If you elect coverage for yourself, you can elect coverage for your child in $1,000 increments from $2,000 up to $10,000. The amount cannot exceed 100% of your benefit amount. The Guarantee Issue amount is $10,000.

Benefits reduce with age beginning at age 70 (reduces to 65%). Spousal coverage terminates at age 70. Child coverage terminates at age 26. Evidence of Insurability is required if electing over the Guarantee Issue amounts.