2020 Ensign Benefits Guide

Life and AD&D insurance may provide additional financial support by: • Covering household expenses • Relieving debt (e.g., mortgage or student loans) you might leave behind • Allowing your family members to hire someone if they need help when you are gone • Leaving an inheritance for your loved ones or even for a favorite organization • Assisting your family with the cost of your funeral or medical bills 21 If you need more than basic coverage, you may purchase supplemental life insurance coverage through Unum for yourself and for your eligible dependents. You pay the full cost of supplemental coverage through after-tax payroll deductions. For more information, go to www.ensignbenefits.com/financial-protection/life-and-add-insurance . Coverage options are shown below. If the amount of the supplemental life insurance you apply for exceeds the Guaranteed Issue amount or if you decline coverage during your initial eligibility period and want to elect coverage or increase coverage at a later date, you are required to complete and submit an Evidence of Insurability form. Your form must be submitted and approved by Unum prior to coverage taking effect. Supplemental Life Insurance Coverage For Coverage Amount Maximum Guaranteed Issue Employee $10,000 to $500,000 in $10,000 increments Lesser of $500,000 or 5X annual earnings $200,000 if enrolling when first eligible. If you purchase a minimum of $10,000 when first eligible, you can increase coverage in $10,000 increments up to $200,000 during a future Open Enrollment without Evidence of Insurability (EOI). Any elections greater than $200,000 are subject to EOI. Spouse $5,000 to $250,000 in $5,000 increments Lesser of $250,000 or 100% of your combined Basic and Supplemental coverage $25,000 if enrolling when first eligible. Any new elections or elections greater than $25,000 are subject to Evidence of Insurability (EOI). Child(ren) $2,000 to $10,000 in $2,000 increments $10,000 $10,000