CITY OF LAMAR 11 LIFE AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE Life insurance provides financial security for the people who depend on you. Your beneficiaries will receive a lump sum payment if you die while employed by the City of Lamar. Additionally, Accidental Death and Dismemberment (AD&D) insurance provides payment to you or your beneficiaries if you lose a limb or die in an accident. The City of Lamar provides basic life insurance and AD&D coverage at no cost to you. VOLUNTARY LIFE INSURANCE Insured by Lincoln Financial You may purchase life insurance in addition to your company-provided coverage. You may also purchase life insurance for your dependents if you purchase additional coverage for yourself. You are guaranteed coverage without answering medical questions if you enroll when you are first eligible. Coverage is not effective until evidence of insurability is approved by Lincoln Financial. LIFE & AD&D INSURANCE Voluntary Life and AD&D Benefit Employees 5x your annual salary to a maximum of $500,000, in increments of $10,000 Guarantee Issue: $110,000 Spouses Up to $250,000 in increments of $5,000. Not to exceed 50% of employee coverage Guarantee Issue: $30,000 Child(ren) Age 14 days to 26 years $10,000 Guarantee issue: $10,000 Benefit County Health Pool (Anthem) $10,000 Lincoln Financial $50,000 Voluntary Life and AD&D Election Rules: *During Open Enrollment, employees can increase their current voluntary life elections by up to two increments without completing Evidence of Insurability (EOI) or answering medical questions. Increases may go above the Guaranteed Issue amount as long as they are within two increments of current coverage amount. **Employees and spouses who previously waived coverage may join the plan for up to two increments of coverage without completing Evidence of Insurability (EOI). ***Employees who were previously withdrawn or denied coverage due to EOI MUST submit EOI for any additional amount elected. ****Child coverage is available without submitting an EOI at all times.
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