11 You can't put a price tag on your life, but you can protect your loved ones with life insurance in the event of a premature loss. BASIC LIFE AND AD&D - You are automatically enrolled in this employer-paid coverage. Available Coverage 1x basic annual earnings, up to $250,000 Benefit Reductions Age 65-69 70 Reduction 35% 50% VOLUNTARY LIFE AND AD&D - You must submit an application and be approved to be enrolled in this employee-paid coverage. EMPLOYEE $10,000 to $500,000 not to exceed 5 x basic annual earnings; $10,000 increments SPOUSE $5,000 to $250,000 in $5,000 increments, not to exceed 50% of EE’s amount CHILD Birth to 14 days = $500 / 15 days to age 26 = $10,000 TERM LIFE INSURANCE 101 REVIEW PLAN SUMMARIES LIFE INSURANCE Basic Life Voluntary Life