UL - 2023-24 Benefits Guide (FINAL) SP

VOLUNTARY TERM LIFE & AD&D

JOB CLASS

ALL MEMBERS

Tier

Employee Life Benefit

Spouse Life Benefit

Child Life Benefit

Benefit Amount

You may choose to purchase benefits in increments of $25,000.

You may choose to purchase benefits in $5,000 increments.

For eligible children 14 days or older, you may choose to purchase benefits of

• $5,000, or • $10,000, or • $15,000

Eligible children 14 days of age receive $1,000.

Minimum Benefit

$25,000

$5,000

Not Applicable

Maximum Benefit

$100,000

$50,000

Not Applicable

Proof of Good Health

Proof of good health is required for life insurance amounts greater than: • If you are under 70: $100,000 • If you are 70 and older: $10,000 • 35% benefit reduction at age 65 • Additional 15% reduction at age 70

Proof of good health is required for life insurance amounts greater than: • If your spouse is under 70: $25,000 • If your spouse is 70 and older: $10,000

Not Applicable

Age Reductions

Not Applicable

• 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 apply to the benefit amount after proof of good health.

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