Life Insurance Basic Life and AD&D CJM provides employees with basic Term Life and AD&D in the amount of $15,000 at no additional cost. No Medical Underwriting is required, and employees are automatically enrolled. •
Benefits will not reduce as you age.
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If you leave employment, you may convert your insurance to an individual life insurance policy insured by The Standard.
Voluntary Life and AD&D Insurance In addition to the Basic Life and AD&D provided to you at no cost, you may purchase additional voluntary life insurance coverage for yourself in increments of $10,000 up to a maximum of $500,000, not to exceed 7 times your annual earnings. •
Guarantee Issue Amount: New Hires are eligible to purchase up to $200,000 of Voluntary Life and AD&D with no medical underwriting required (all others must provide proof of good health)
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Benefits reduce to 65% at age 65 and 50% at age 70.
Voluntary Spouse/Child Life and AD&D Insurance You may purchase spouse voluntary life insurance coverage in increments of $5,000, up to a maximum of $250,000 or 50% of your supplemental life amount, whichever is less. You may purchase child voluntary life insurance coverage in increments of $2,000 to a maximum of $10,000 or 50% of your supplemental life amount, whichever is less. •
Guarantee Issue Amount: New Hires are eligible to purchase up to $20,000 of Voluntary Spouse Life and AD&D with no medical underwriting required (all others must provide proof of good health).
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Underwriting is not required for Child voluntary life insurance.
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Spousal benefits reduce to 65% at age 65, 50% at age 70
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Child coverage continue to age 19 unless a full-time student, then until age 25
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