Optional Life and AD&D
Description: Employees may purchase Optional Life or AD&D Insurance coverage of up to five times their salary to a maximum of $1 million in $10,000 increments through Reliance Standard Life Insurance Company. Employee optional life coverage above $320,000 requires Evidence of Insurability (EOI). Spouses may also purchase in $10,000 increments up to 50% of the employees’ coverage or a maximum of $250,000. Spousal optional life coverage above $30,000 requires Evidence of Insurability (EOI). Child life insurance may be purchased at $2,500 or $5,000.
Start date - End date: 05/01/2024 - 04/30/2025
Carrier: Reliance Standard Life Insurance Company
Phone: 800-351-7500
URL: www.reliancematrix.com
Important Notes: Plan rates are based on age and can be found on Workday. If you are enrolling for the first time, you may have to submit evidence of good health to Reliance Standard Life Insurance Company for approval. If an Evidence of Insurability form is required, Reliance Standard will reach out to you directly.
If you are already enrolled, you may increase your coverage by up to $10,000 without evidence of good health. If you wish to increase your coverage by more you will have to submit to Reliance Standard for approval.