Unum
Employees may elect to cover themselves, their spouse and/or children with individual life insurance policies. Whole Life provides guaranteed level premiums and death benefits for the life of the contract.
BENEFITS AT A GLANCE
Whole Life polices guarantee the premiums and death benefit to remain level. They do not change as you get older. When you retire or terminate employment you simply pay the same premium rate direct to the company rather than on payroll deductions.
Select coverage on yourself, your spouse and/or children and grandchildren in case of a terminal illness diagnosis, policy holder can receive up to 50% of death benefit while still living.
Most financial planners agree that a well rounded portfolio includes at least some permanent life insurance.
PORTABILITY
If an employee retires or leaves the company for any reason, this policy, including any riders, (subject to any age related terminations) can be taken with them.
Coverage may continue to age 121 for the employee, spouse or dependents as long as the required premium payments are met.
When you retire or terminate employment with Heard County Schools you simply pay the same premium rate direct to the company rather than on payroll deductions.
HEALTH QUESTIONS
If you do not enroll when first offered, you will be required to answer questions about your medical history.
Employees’ spouse and children may increase their amount of insurance each year up to the guaranteed issue level without answering additional medical quetsions.
ADDITIONAL INFORMATION
For more information, please review this flyer.
Employee Benefit Options
Employees can choose to purchase coverage for yourself in the following amounts:
- $15,000
- $30,000
- $40,000
- $50,000
Spouse Benefit Options
You can choose to purchase coverage for your spouse in the following amounts:
- $10,000
- $15,000
- $20,000
Child Benefit Options:
You can also elect to purchase coverage for your dependent child(ren) even if you do not purchase coverage for yourself or your spouse. Dependent children are covered from 14 days up to age 26 years of age.
You can choose $10,000 or $15,000 of juvenile life insurance.
RATES
See a Benefit Counselor during Annual Open Enrollment to get rates for you and your family members.
GUARANTEED ISSUE
Employees receive guarantee issue when first eligible, and possibly during Annual Enrollment. This means the amount of insurance applied for which does not require employees to answer medical questions for medical underwriting.
Employees
Age 15-80 Health questions are not required for benefit amounts up to $50,000
Spouse
Age 15-80 One qualifying question is always required. Spouse may receive up to $15,000 benefit amount. Conditional Guaranteed Issue.
Child
Health questions are not required for benefit amounts up to $15,000
