Applied Technology Group - 2021 Employee Benefits Guide FINAL
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VOLUNTARY LIFE INSURANCE<br />
CARRIER: USAble Life<br />
<strong>Employee</strong><br />
● $10,000 increments to a maximum of the lesser of 5x salary or $500,000<br />
● A minimum benefit of $10,000<br />
● Guarantee Issue Amount: $120,000<br />
● Age Reduction: by 35% at age 65, 50% at age 70<br />
● AD&D amount is 100% of supplemental life benefit amount<br />
Spouse<br />
● $5,000 increments to a maximum of $100,000, not to exceed 50% of employee’s life amount<br />
● A minimum benefit of $5,000<br />
● Guarantee Issue Amount: $30,000<br />
● Age Reduction: by 35% at age 65, 50% at age 70<br />
● AD&D amount is 100% of supplemental life benefit amount<br />
Child(ren)<br />
● Child birth to 6 months old: $1,000<br />
● Child more than 6 months old: $5,000 or $10,000<br />
● Guarantee Issue Amount: $10,000<br />
REMINDER<br />
Review your beneficiary designations<br />
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