8 LIFE INSURANCE 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 - Full-time employees are automatically enrolled in this employer-paid coverage. Available Coverage $10,000 Flat Benefit Reductions Age 65 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 Minimum to $500,000 Max in $10,000 increments GI = $100,000 SPOUSE $5,000 Minimum to $100,000 Max. $5,000 Increments GI = $25,000 CHILD Flat $1,000, $2,000, $4,000, $5,000, or $10,000 TERM LIFE INSURANCE 101 Review Plan Summary Basic Life Voluntary Life