1 employees reported this benefit
You may elect to be insured for an amount of life insurance from $10,000 to $500,000, in increments of $10,000. In no event shall your amount of life insurance exceed 5x your annual salary, rounded to the next higher multiple of $10,000. Amounts over $100,000 or 5x salary, whichever is less, will require evidence of insurability.
You may also elect to have your spouse insured for an amount of life insurance from $10,000 to $500,000 in increments of $10,000, provided the amount elected does not exceed 100% of the employee’s election of life insurance.
And/or you may elect to have your eligible dependent child(ren) insured for $5,000 or $10,000. If elected, dependent child(ren) are covered until the day they turn age 26.
Please note: You must elect voluntary life insurance for yourself in order to elect spouse and/or child(ren) voluntary life.
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