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Benefits

Guaranteed Issue Limit

  • For You: $150,000
  • For Your Spouse: $50,000
  • For Your Dependent Child: All Amounts
  • Subject to any reductions, "guaranteed issue" means the amount of insurance applied for which does not require evidence of good health.

Life Insurance Benefit for You

  • You can be insured for amounts of life insurance from $ 10,000 to $500,000 in $10,000 increments. In no event shall Life Insurance Benefits exceed five times Your Annual Salary.
  • Annual Salary means Your basic Annual Salary or rate of pay as verified by the Policyholder’s pay records and premium We have received. It does not include overtime, bonus or other additional pay.
  • Note: In the event of death, the benefit paid will equal the benefit amount after any age reductions less any living benefits previously paid under the Policy.

Reductions

Your Life Insurance Benefits will reduce to:

  • 65% at age 70
  • 45% at age 75
  • 30% at age 80
  • 20% at age 85
  • 15% at age 90
  • If You are age 70 or older on the day You become insured under the Policy, the reduction will be made in accord with Your attained age.
  • If You are no longer in the employ of the Policyholder (including retirement), any benefits that are being continued under the Portability provision in the Policy will end on the date You attain age 70.

Accidental Death and Dismemberment Benefit for You

  • A Principal Sum equal to the amount of Your Life Insurance Benefit.
  • If Your Life Insurance Benefit has been reduced by the Living Benefits Option, such reduction will not apply to this Accidental Death and Dismemberment Principal Sum.

Life Insurance Benefit For Your Dependent Spouse

Your lawful spouse can be insured for amounts of life insurance from $5,000 to $100,000 in $5,000 increments. In no event shall the Dependent Life Insurance
Benefit exceed 50% of Your Life Insurance Benefit.

Life Insurance Benefit For Your Dependent Child(ren)

  • (Age 14 Days to 21 Years-25 Years if Full-time Student)
  • Your eligible Dependent children can be insured for amounts of life insurance of $10,000. In no event shall the Dependent Life Insurance Benefit exceed 50% of Your Life Insurance Benefit.

Accidental Death and Dismemberment Benefit For Your Dependents

  • A Principal Sum equal to the amount of Your Dependent’s Life Insurance Benefit.