Page 7 - UNIVEROK2 Flipbook

What your benefits cover
Employee Coverage

Guaranteed Life Insurance Coverage Amount
• Initial Open Enrollment: When you are first offered this coverage, you can choose a coverage amount up to $300,000
without providing evidence of insurability.
• Annual Limited Enrollment: You can increase your coverage amount by two levels without providing evidence of
insurability. If you submitted evidence of insurability in the past and were declined or withdrawn, you may be required
to resubmit evidence of insurability.

• If you decline this coverage now and wish to enroll later, evidence of insurability may be required and may be at
your own expense.
Maximum Insurance Coverage Amount
• You can choose a coverage amount up to the lesser of 5 times Annual Earnings (rounded up to the nearest $1,000) or
$500,000. Evidence of Insurability may be required for optional life coverage. See the Evidence of Insurability page for
details.

Spouse Coverage - You can secure term life insurance for your spouse if you select coverage for yourself.
Guaranteed Life Insurance Coverage Amount

• Initial Open Enrollment: When you are first offered this coverage, you can choose a coverage amount up to $100,000 for
your spouse without providing evidence of insurability.
• Annual Limited Enrollment: You can increase your coverage amount by two levels without providing evidence of
insurability. If you submitted evidence of insurability in the past and were declined or withdrawn, you may be required
to resubmit evidence of insurability.

• If you decline this coverage now and wish to enroll later, evidence of insurability may be required and may be
at your own expense.
Maximum Insurance Coverage Amount

• You can choose a coverage amount up to $150,000 for your spouse. Evidence of Insurability may be required.

Dependent Child(ren) Coverage - You can secure term life insurance for your dependent children when you choose coverage for

yourself.
Guaranteed Life Insurance Coverage Options: $10,000

Life Insurance Benefits At-A-Glance

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