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Voluntary Life / AD&D Insurance

If available at your location, you may elect term life insurance, AD&D insurance, or whole life insurance. If you elect this coverage, you pay the full cost. For details, see the information in the Voluntary Protection Benefits section of the Benefits Gateway (www.archphila.org/hrbenefits).

To elect this coverage and name your beneficiary, use the Enrollment Form on the Forms and Documents Page. Be sure to update your beneficiary information for life changes, such as marriage or a new child. For details, see the Life/ AD&D brochure on the Benefits Gateway or call Cigna (see Contact Information).

EMPLOYER PAID LIFE INSURANCE BENEFIT

If you die while you are actively employed and you were regularly scheduled to work at least 20 hours a week, your designated beneficiary will receive a $15,000 Life Insurance benefit through CIGNA Life Insurance. This $15,000 Life Insurance benefit is provided at no cost to you and is in addition to any Voluntary Life Insurance benefit to which your beneficiary may be entitled.

CIGNA TERM LIFE INSURANCE COVERAGE FOR YOU

This coverage, provided through the Life Insurance Company of North America, a Cigna company, may pay benefits if you die while you are enrolled and eligible for the plan (the “term” of the coverage). If available at your location, you may buy coverage for yourself in $10,000 increments up to $500,000. If you elect this coverage, you pay the full cost on a pre-tax basis. The cost is based on your age as of July 1 and the amount of coverage. Proof of good health is required if:

  • You elect coverage more than 31 days after you first become eligible;
  • You elect Voluntary Life Insurance for yourself and the amount equals the lesser of $200,000 or three times your annual salary rounded to the next higher $10,000; or
  • You want to increase your coverage. If proof of good health is required, the coverage amount subject to medical evidence will take effect only after the insurance carrier approves. Note: Benefits will not be paid if loss of life is the result of suicide within the first two years of coverage.

NEW YORK LIFE INSURANCE COVERAGE 

New York Life offers you a valuable complement to your employment benefits—permanent, affordable life insurance you can purchase through payroll deduction. It’s called New York Life Employee’s Whole Life Insurance. Even if you already have group term life insurance you can get this extra protection with the convenience of automatic payroll deduction. Plus, it’s portable, so you can take it with you if you retire, or leave your job for any reason.  NewYorkVoluntaryWholeLife.pdf

COVERAGE FOR YOUR FAMILY

If you elect Voluntary Life Insurance for yourself, you may buy Life Insurance coverage for your spouse or eligible children. You pay the full cost of this coverage on an after-tax basis. The Spouse Life cost is based on your spouse’s age and the amount of coverage. The Child Life rate is a flat amount, regardless of the number of children covered. As explained on the previous page, proof of good health may be required. Your coverage options are:

  • For Your Spouse—$10,000 to $200,000 (proof of good health is required for coverage over $30,000)
  • For Children—$5,000 or $10,000 (same option applies to all covered children). For example, you may buy $50,000 of Voluntary Life Insurance for your spouse and cover each child for $5,000. Benefits are payable to you upon the death of your spouse or child. These limits apply:
  • To be covered, your spouse must be under age 70, and your children must be unmarried and at least 14 days old (coverage for children under 6 months is $500).
  • Coverage for dependent children stops when the child reaches age 19 (or age 26 for full-time students).
  • The Plan will not pay benefits if loss of life is the result of suicide within the first two years of coverage.