BENEFITS AT A GLANCE
Employees have the choice to increase their Employee, Spouse and Child Group Term Life Insurance to the amounts shown below.
| Minimum | Maximum | Guarantee Issue | Future GI Amount* | |
|---|---|---|---|---|
| Employee | $10,000 | $250,000 | $250,000 | $10,000 |
| Spouse | $5,000 | $50,000 | $50,000 | EOI after new hire enrollment |
| Child(ren) | $10,000 | $20,000 | $20,000 | $20,000 |
* Future GI Amount is during a subsequent Annual Enrollment, Employees may increase $10,000 without Evidence of Insurability if there is current coverage in force. There is no Guarantee Issue for future enrollments for Spouse Coverage, Child(ren) are always Guarantee Issue.
There are no age reductions for Supplemental Life Coverage.
ADDITIONAL PLAN BENEFITS
Accidental Dealth and Dismemberment matches the life amount for dealth with a benefit schedule for dismemberment.
Waiver of Premium for active employees who are disabled prior to age 60, continues coverage until retirement, recovery or age 70. 9 month waiting period for filing the WOP.
Accelerated Death Benefit allows terminally ill insureds with a 12 month or less life expectancy to accelerate up to 100% of the face amount.
Portability is available to continue coverage when terminate, retire, or other non-medical leave, with increased rates until age 70.
Conversion to an Individual Policy.
CERTIFICATE OF COVERAGE
Employee Certificate of Coverage – Minnesota Life/OCHS 1/1/2019 – 12/31/2023
RATES- EMPLOYEE & SPOUSE
Employee and Spouse Rates are listed below, and are age banded. This allows for a more robust benefit offering for Group Life Insurance.
| Age | Employee & Spouse Rate per $10,000 | Spouse $5,000 |
| Under 25 | $.70 | $.35 |
| 25 – 29 | $.80 | $.40 |
| 30 – 34 | $1.00 | $.50 |
| 35 – 39 | $1.10 | $.55 |
| 40 – 44 | $1.40 | $.70 |
| 45 – 49 | $2.30 | $1.15 |
| 50 – 54 | $3.90 | $1.95 |
| 55 – 59 | $6.30 | $3.15 |
| 60 – 64 | $7.70 | $3.85 |
| 65 – 69 | $13.30 | $6.65 |
| 70 – 74 | $20.80 | $10.40 |
RATES – CHILD(REN)
| Coverage | Rate |
|---|---|
| $10,000 | $1.30 |
| $20,000 | $2.60 |
Employees do not have to be enrolled for Supplemental Life Insurance to have Dependent Life Coverage
