Policy Details
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Group Life GL158998
Policy Status Active
Policy Effective Date 3/1/2018
Class Description
Each Active Full-Time Owner
Service Waiting Period
None
Plan Type
Core
Individual Effective Date
Present: The Date
Future: None
Individual Termination Date
The Date
Age Change Rule
The Date
Earning Change Rule
The Date
Class Change Rule
The Date
Full-Time Hour Eligibility
N/A
Part-Time Hour Eligibility
30 hours
Plan Benefit
Benefit Percentage: 150% of Annual Earnings
Earning Cap
None
Guaranteed Issue
1-59 → $200,000
60-69 → $200,000
70-99 → $200,000
Rate Basis
Per $1000
Maximum Benefit
$200,000
Minimum Benefit
N/A
Rounding Option
Highest $1000
Employer Contribution
100%
Employee Contribution
0%
Retirement Provision
Terminates at Retirement
Amount Subsidized
N/A
Age Reduction Option
For insureds age 65 and over, the Amount of Insurance is subject to automatic reduction. Upon the Insured's attainment of the specified age below, the Amount of Insurance will be reduced to the applicable percentage. This reduction also applies to insureds who are age 65 or over on their Individual Effective Date.
| Age (Years) | 65 | 70 |
| Percentage of available or in force amount | 65 | 50 |
Rates
| Smoker Use | Rates |
|---|---|
| Smoker | $0.07 |
| Non-Smoker |