Supplemental Life
You also are eligible to purchase supplemental term life insurance at group rates for yourself, your spouse, or dependent children.
Supplemental coverages have maximum limits on amounts you are eligible to purchase which are described below. Benefits and premiums reduce to 65 percent of original benefit at age 65 and 50 percent of original benefit at age 70:
Employee Supplemental
- This is available in $10,000 increments up to 5.5 times
your annual earnings, not to exceed $550,000. Premiums
are based on your age.
- Guaranteed issue amounts are available for employees
when they are first eligible for benefits.
- A Personal
Health Assessment is required to add or increase
at any time.
- This amount reduces at age 65 and 70.
Spouse Supplemental
- This is available in $5,000 increments up to the total
amount of Employee Basic plus Employee Supplemental, not
to exceed $250,000.
- Premiums are based on your spouse's age.
- Guaranteed issue amounts are available for employee's
spouse when they are first eligible for benefits.
- A
Personal Health Assessment is required to add
or increase at any time.
- This amount reduces at age 65 and 70.
Children's Supplemental
- This is available in $2,000 increments up to a maximum of $10,000. Premiums are based on the amount of coverage.
- Amounts for children's supplemental life are guaranteed
at all times.
If you and your spouse are both employed by Carilion and are eligible for life insurance benefits, you may not carry spouse supplemental life on each other. You also may not both carry children's supplemental life.
A Personal Health Assessment is available from the Benefits Service Center, any Human Resources Office or on the Forms page of the Employee Hub on carilion.com.
Payroll deductions will not occur until coverage is approved by The Hartford.
This summary is intended to provide an overview of the Plan benefits and does not mean to interpret, extend or change the Plan. If there are differences between this summary and the Plan document, the Plan document will govern.
Underwritten by The Hartford Financial Services Group.
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