Life Insurance

Basic Life Insurance – Company Paid

Arke Systems provides a Basic Life and Accidental Death & Dismemberment (AD&D) benefit to eligible employees through Guardian.

Your benefit amount is $25,000

Life Benefit reduces to 65% at age 65 & 50% at age 70.

*Be sure you name a beneficiary when you enroll in Life and AD&D benefits

Supplemental Life Insurance – Employee Paid

All full-time employees and their eligible spouses and children can purchase supplemental life insurance through Guardian. If you do not enroll within 30 days of your eligibility date, you can apply for coverage at any time during the year and will be required to complete an evidence of insurability (EOI) form. Coverage will be effective once written approval is received from Guardian.

Employee coverage is available in $10,000 increments up to $500,000, subject to the guaranteed issue schedule*.

Spouse coverage is available in $5,000 increments up to $100,000. not to exceed 50% of the employee’s elected amount and subject to the guaranteed issue schedule*. Spouse coverage terminates at age 70.

Dependent Child coverage is available in $1,000 increments up to $10,000 subject to child’s age:

Guaranteed Issue Schedule*

Employee - < 65 years of age - $100,000 65-69 years of age - $50,000 70+ years of age - $10,000

Spouse - < 65 years of age – $25,000 65-69 years of age - $10,000 70+ years of age - $0

Child - 14+ days old - $10,000

*Guaranteed issue schedule amounts are only available during your initial eligibility period. If you are enrolling at Open Enrollment after your initial eligibility period or increasing your coverage amount, you will be required to complete an Evidence of Insurability (EOI) form.

Employee life benefit amount reduces to 65% at age 65 and 50% at age 70. Spouse life benefit amount will reduce in accordance with the spouse’s age and terminate at age 70.