Group Term Life Insurance with AD&D
Voya
A Group Term Life Insurance and Accidental Death & Dismemberment plan for Uplift Education employees, providing employer-paid basic coverage of 1x annual earnings (up to $100,000) plus optional supplemental coverage for employees, spouses, and children, with age-banded rates and additional non-insurance benefits including bereavement support and travel assistance.
It's difficult to think about loss, but important to be prepared for the unexpected. With Group Term Life Insurance, your beneficiaries will be paid proceeds if you pass away during the term of the coverage. The term is generally one year, renewing annually with other employer-offered benefits. Accidental Death & Dismemberment Insurance pays you or your beneficiary a separate payment if you die or are severely injured in a covered accident.
Employer-Paid Coverage Amounts
| Coverage | Benefit Amount |
|---|---|
| Basic Life Insurance | |
|
Employee Provided at no cost to employee; all active employees working 30 hours per week |
1x basic annual earnings rounded to the next higher $1,000; maximum $100,000; minimum $10,000 |
| Basic Accidental Death & Dismemberment | |
|
Employee Provided at no cost to employee; all active employees working 30 hours per week |
1x basic annual earnings rounded to the next higher $1,000; maximum $100,000; minimum $10,000 |
Supplemental Life & AD&D Coverage Options
| Service | Voluntary Supplemental Coverage | Guarantee Issue | |
|---|---|---|---|
| Supplemental Life | Supplemental AD&D | Guaranteed Issue Limit | |
|
Employee All active employees working 30 hours per week |
$10,000 to $500,000 in $10,000 increments; not to exceed 5x basic annual earnings | $10,000 to $500,000 in $10,000 increments; not to exceed 5x basic annual earnings | Up to $300,000 without evidence of insurability during initial enrollment |
|
Spouse Spouse under age 70; coverage terminates at age 70 or when spouse is no longer eligible |
$5,000 to $100,000 in $5,000 increments; not to exceed 50% of employee's Supplemental Life amount | $5,000 to $100,000 in $5,000 increments; not to exceed 50% of employee's Supplemental Life amount | Up to $30,000 without evidence of insurability during initial enrollment |
|
Children Children to age 26 |
$10,000 | $10,000 | Up to $10,000 without evidence of insurability during initial enrollment |
Additional Plan Features
| Benefit | Description |
|---|---|
| Living Benefits | |
|
Accelerated Death Benefit Receipt may be taxable or adversely affect Medicaid eligibility; consult a tax advisor before use |
A portion of the death benefit paid while still living if diagnosed with a terminal illness with limited life expectancy or requiring permanent continuous institutional confinement |
| Disability Protection | |
| Waiver of Premium | Allows you to keep Group Term Life Basic and Supplemental coverage for a period of time without paying premiums if totally disabled and not working |
| Portability & Conversion | |
|
Continue (Port) Coverage Coverage for spouse or children also available |
Option to continue coverage by paying premiums directly to the insurance company if employment ends or eligibility criteria are no longer met |
|
Convert Coverage Conversion not available for Guam residents |
Option to convert coverage into an individual Whole Life Insurance policy |
- ✓Bereavement Support including Funeral Support & Estate Planning: Helps you and your family after loss of a loved one, from planning a funeral to winding down an estate. Accessible to loved ones and various family members. Provided by The Empathy Project, Inc., New York, NY.
- ✓LifeVault Digital Legacy Planning: Provided by The Empathy Project, Inc., New York, NY. Provisions and availability may vary by state.
- ✓Employee Assistance Program (EAP): Counseling, legal support, and financial guidance available to you and your family. Licensed clinicians and care managers provide personalized solutions anytime, anywhere. Provided by TELUS Health (US) Ltd.
- ✓Voya Travel Assistance: Services for you and dependents when traveling 100+ miles from home, including medical assistance, emergency medical transport, pre-trip and cultural information, security services, and accessible technology. Provided by International Medical Group, Inc., Indianapolis, IN.
- ⚠Provisions and availability of each non-insurance service may vary by state.
- Employees wanting to supplement employer-paid basic coverage
- Employees with dependents who want life and AD&D protection for spouses and children
- Employees seeking portable coverage that continues after leaving employment
- 👨👩👧👦Dependents covered up to age 26
- 💼30+ hrs/week to be eligible
- 📋Spouse must be under age 70
- 📋If spouse is covered under the policy as an employee, they are not eligible for spouse benefit coverage
- 📋If child is covered under the policy as an employee, they are not eligible for coverage as a child
- 📋Previously declined applicants for Supplemental Life Insurance are not eligible for this one-time offer
- ✓ Life Insurance Calculator available at go.voya.com/lifecalc to help estimate how much coverage you need
- ✓ Voya Employee Benefits Customer Service: (800) 955-7736
- ✓ Employee Benefits Resource Center for benefit information and claim filing instructions: https://presents.voya.com/EBRC/UpliftEducation