City of Nacogdoches 2021 Enrollment Guide

VOLUNTARY LIFE INSURANCE
CARRIER: LINCOLN FINANCIAL
Voluntary life insurance is offered through your employer but is paid in full by employees.
WHY PURCHASE VOLUNTARY LIFE INSURANCE?
● This type of life insurance has limited underwriting required. This allows for people with health
conditions or lifestyles that might otherwise disqualify them to qualify for life insurance.
● The group rates are lower than what you could purchase on your own.
● You may purchase a policy for your spouse and children IF you elect coverage for yourself.
Employee Coverage
Newly hired employee guaranteed coverage amount: $150,000
Continuing employee guaranteed coverage annual increase amount: Choice of $10,000 or $20,000
Maximum coverage amount: 5 times your annual salary, not to exceed $300,000
Minimum coverage amount: $10,000
AD&D coverage amount: Equal to the life insurance amount chosen
Spouse Coverage - you can secure term life insurance for your spouse if you select coverage for yourself.
Newly hired employee guaranteed coverage amount: $30,000
Continuing employee guaranteed coverage annual increase amount: Choice of $5,000 or $10,000
Maximum coverage amount: 50% of the employee coverage amount, not to exceed $150,000
Minimum coverage amount: $5,000
AD&D coverage amount: Equal to the life insurance amount chosen
Dependent Children Coverage - you can secure term life insurance for your dependent children under age 26
when you select coverage for yourself.
6 months to age 26 (if unmarried) guaranteed coverage amount: $20,000
Age 14 days to 6 months guaranteed coverage amount: $250
During open enrollment, an employee may choose to elect or increase his/her Voluntary Life and AD&D
amount by $10,000 or $20,000 without providing evidence of insurability. An employee may also choose to
elect or increase his/her spouse’s Voluntary Life and AD&D amount by $5,000 or $10,000 without providing
evidence of insurability. Any amount requested over the allowed 2 incremental amounts will require evidence
of insurability.
For those requiring evidence of insurability, please download from the Voluntary Life screen in Employee
Navigator, complete, and return to Human Resources no later than 8/20/2021.
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