Life and Accidental Death & Dismemberment Insurance, continued Amount Limit Due to Age Life AD&D Insurance EOI Process If you are age 70 and over, the life and AD&D › I f you are currently enrolled in voluntary life insurance bene昀椀t amount you are eligible for is and AD&D insurance and you elect an amount reduced. Team members aged 70-74 will have life greater than $10,000 after your initial enrollment and AD&D insurance value at 65% of the bene昀椀t, period, you will be required to submit EOI. If this and those aged 75 and over will have a life and is the case, you will receive an email with a link AD&D insurance value of 50% of the bene昀椀t. to an online questionnaire about you and/or your spouse/domestic partner’s health. You must What You Need to Know About complete the questionnaire in order for your Evidence of Insurability (EOI) requested coverage increase to be considered. › Based on the answers in your questionnair e, you When it comes to voluntary life and AD&D may also need to get a basic physical exam. insurance, you may be required to provide Evidence of Insurability, or EOI, to the insurance carrier as part of the application process. DON’T BE DENIED › If you are newly bene昀椀t eligible and enrolling in life and AD&D insurance for the 昀椀rst time: Evidence of Insurability is important! Your – you may purchase voluntary employee life coverage may be delayed or denied if you and AD&D coverage in increments of $10,000 don’t submit EOI. up to the lesser of 8 times your annual base pay or $500,000, without providing EOI. – you may purchase voluntary spouse/ domestic partner life and AD&D coverage in increments of $10,000 up to $100,000, without providing EOI. › Each ye ar after your initial enrollment period, you may increase your coverage for yourself and/or spouse/domestic partner by $10,000 (not to exceed the maximum) without providing EOI as long as you are currently enrolled in voluntary life and AD&D insurance. | 23 |