Unum
Employees may elect to cover themselves, their spouse and/or children, and grandchildren 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.
Employee Benefits Options
Employees can choose to purchase coverage for yourself in the following amounts:
- $15,000
- $30,000
- $40,000
- $50,000
Spouse Benefit Options (age 15-80)
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) and grandchildren even if you do not purchase coverage for yourself or your spouse. Dependent children are eligible to enroll 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.
Plan Design
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.
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 Calhoun City Schools you simply pay the same premium rate direct to the company rather than on payroll deductions.
ENROLLMENT
Guaranteed Issue
Guaranteed IssueEmployees 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.
Evidence of Insurability (EOI)
If you do not enroll when first offered, you will be required to provide a statement or proof of medical history.
Employees’ spouse and children may increase their amount of insurance each year up to the guaranteed issue level without evidence of insurability, as long as they initially enrolled in the program at first offering or as a New Hire.
