UL - 2023-24 Benefits Guide (FINAL) SP

BASIC TERM LIFE & AD&D

JOB CLASS

ALL OTHER MEMBERS

Eligible Members

All active, full-time employees (except seasonal, temporary or contract workers) who work at least 40 hours per week.

Benefits Amount

200% of your annual salary, rounded to the next higher $1,000

Minimum

$50,000

Maximum

$100,000

Proof of Good Health

Proof of good health is required for Life Insurance amounts greater than: • If you are under 70: $500,000 • If you are 70 and older: The lesser of $500,000 or the amount with prior carrier • 35% benefit reduction at age 65 • Additional 15% reduction at age 70 Age reductions apply to the benefit amount after proof of good health.

Age Reductions

10