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HTTP Error 404 - File or directory not found.
Internet Information Services (IIS)

Technical Information (for support personnel)

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Group Life and Accidental Death and Dismemberment Plan

Basic Life Insurance

 Principal Life Insurance Company
(Effective 6/1/06)

Employee

 200% Basic Annual Compensation

Retiree under 65 (1)

 $5,000

Retiree 65 and over

 $5,000
24 hour-a-day coverage

Accidental Death Benefit

Employee

 Equals the insured's life insurance benefit.

Retiree under 65

 None

Retiree 65 and over

 None

 

 24 hour-a-day coverage

Accidental Dismemberment Benefit

 100% of life benefit for loss of both hands,

feet, or eyes; or for loss of combination of

hands, feet, or eyes.

AD&D Features

 Seatbelt and Airbag, Education and

Repatriation Benefits; 365-day Event Period

Conversion Privilege

 Insurability not required if converted within 31 days.

Accelerated Benefit

 If terminally ill and life expectance is 12

months or less, may request a portion of life

insurance benefit.

Age Reduction Schedule
(Employees Only)

 Coverage is 65% of pre-age 65 amount at

age 65, 50% at age 70, and 35% at age 75.

Voluntary Life Insurance

Employee

 Up to $500,000 (Excluding Basic Life Insurance)

Spouse

 Up to $100,000

Children

 Up to $10,000

Rates based on employee's age. Underwriting required for amounts over $400,000 for employee and $50,000 for spouse. All amounts elected can be ported to age 75.

Last Modified: 09/01/2011 19:48:47 by content editor