Life and AD&D Benefits

EMPLOYER PAYS 100%

Term Life Insurance and Accidental Death and Dismemberment coverage is provided as a measure of protection to your beneficiaries in the event of your death.

Term Life Insurance
One times your annual earnings to a maximum of $50,000. Benefit reduced 50% at age 70.
If disabled before age 60, coverage will continue for the length of the disability, but not beyond the earlier of age 65, or the date of retirement. If disabled after age 60, but before age 65, coverage may continue for up to one year, but not past the earlier of age 65, or the date of retirement.

Accidental Death and Dismemberment
An additional amount equal to the amount of Life Insurance will be paid to your beneficiary if death is due to an accident. Lesser benefits are payable for specified disabilities resulting from an accident. Limitations and exclusions apply.

Accelerated Death Benefit
If you have a qualifying medical condition that meets certain specifications, you have the right to receive a percentage of the life benefit. Limitations and exclusions apply.

EMPLOYEE PAYS 100%

Voluntary Life Insurance provides employees the opportunity to customize their individual life insurance needs.

Employee

• Coverage is available in $10,000 increments up to 5 times annual salary (rounded to the next higher $10,000);
• Minimum coverage: $10,000
• Maximum coverage: $500,000
• Guarantee issue: $200,000
• Benefits reduce to 50% at age 70

Spouse

• Coverage is available in $5,000 increments up to 2.5 times the employee’s annual salary (rounded to the next higher $5,000); not to exceed 50% of the employee’s elected benefit amount;
• Minimum coverage: $5,000
• Maximum coverage: $250,000
• Guarantee issue: $50,000; (not to exceed 50% of employee amount)

Dependent

• Dependent coverage is only available if the employee is insured for Voluntary Coverage;
• Provides coverage for all dependent children up to age 26 in the following amounts: $1,000, $5,000 or $10,000 (not to exceed 50% of employee amount).

EMPLOYEE PAYS 100%

Portability
The policy remains with you when your employment ends.

Guaranteed Cash Value
The permanent policy builds cash value, which can accessed through policy loans and withdrawals, to help pay for unexpected emergencies or a child’s college education.

Convenient Payments
Premiums are automatically deducted from your paycheck.

Affordability
You benefit from competitive rates and liberalized underwriting.

Flexibility
You can customize your policy with optional policy riders.

Coverage for Additional Family Members
Spouses, children, and grandchildren (ages 15 days to 25 years) may also be eligible for guaranteed coverage.

For more information, contact:
Micah J. Coston – New York Life Insurance Company
115 E. 4th St, Suite 9
Maryville, MO 64468
660.254.0328
mjcoston@ft.newyorklife.com