Supplemental Life Insurance
When Proof of Good Health is Required
Those wishing to purchase Supplemental Life Insurance coverage in excess of the “Guaranteed Issue” are required to document their health status by providing “Evidence of Insurability” (EOI) medical underwriting (i.e., information documenting an acceptable health status) to qualify for this extra coverage.
Non-Managers -Eligible employees considering enrollment in the Supplemental Life Insurance plan may enroll on increments of $10,000 up to the lesser of 3-times their annual salary or $300,000.
Managers - Eligible employees considering enrollment in the Supplemental Life Insurance plan may enroll on increments of $10,000 up to the lesser of 3-times their annual salary or $500,000. Those wishing to purchase Supplemental Life Insurance coverage in excess of the “Guaranteed Issue” are required to document their health status by providing “Evidence of Insurability”.
NOTE: With evidence of insurability, managers may purchase coverage up to 5-times annual base earnings to a maximum of $1,000,000.
- Managers’ Spouses: Coverage for managers’ spouses above the Guaranteed Issue of $100,000.
- Spouse/Domestic Partner Life Insurance: If you purchase Supplemental Life Insurance coverage for yourself, you may purchase coverage in $10,000 increments for your eligible spouse/domestic partner. You may elect up to $150,000 in coverage; however, the coverage you purchase for your spouse/domestic partner cannot exceed your Supplemental Life coverage amount.
Premiums are based on your spouse’s or domestic partner’s age and the coverage level you select. Refer to Plan Costs for the current premiums. You are automatically the beneficiary of this coverage. - Dependent Child Life Insurance: If you elect Supplemental Life Insurance coverage for yourself, you may elect to purchase dependent child life insurance for your eligible dependent children in one of the amounts below:
- $5,000
- $10,000
- $15,000
Premium costs vary based on the option you choose and, as a voluntary benefit, you pay the full cost for Supplemental Life Insurance coverage. You are automatically designated as the beneficiary for this benefit.
Refer to the following rate sheets for the costs that are effective as of February 1, 2025