Life / AD&D

What is Guaranteed Issue Amount?
Guaranteed Issue Amount is the amount of coverage you can elect without answering any medical questions or taking a health exam. Guaranteed Coverage is only available during Initial Enrollment. If you apply for coverage that is above the Guaranteed Issue Amount, or if you are applying for coverage after 31 days after you become eligible, you must fill out a Medical Evidence of Insurability form (EOI).

What are the Guarantee Issue Limits?
You must submit evidence of insurability and Anthem must approve any amounts above the Guaranteed Issue amount in writing. Proof of Insurability is required for Optional Life Insurance amounts in excess of:

• $100,000 for Employee
• $30,000 for Spouse
• All dependent child benefits are guaranteed issue. You may purchase coverage for your child(ren) in increments of $5,000 to $10,000 with no medical underwriting.

Additional Notes:

• Spouse voluntary life/ad&d rates are based on employees age.
• Supplemental accidental death and dismemberment insurance benefit (AD&D): Benefit is automatically provided to all employees who elect Supplemental Life; amount is the same as the elected Supplemental Life amount.
• Employee’s voluntary life and ad&d benefit has to match – if employee is approved for $100,000 voluntary life, employee is automatically enrolled in $100,000 of voluntary ad&d.
• Employee must enroll in voluntary life/ad&d in order to be eligible to enroll dependents.
• Dependent coverage may not exceed 50% of the employee’s benefit amount.
• Child coverage begins on the 15th day following birth and terminates at age 26.
• Benefits after age 65: employee will still have benefits after age 65, though they will reduce as follows: 35% reduction at age 65; 50% reduction at age 70. All benefits end at retirement.