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| Customer Service |
Life Insurance Company
of America
(888) 555-1111 |
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Have Questions?
Contact Us |
Benefit Associates, LLC
1501 South Alexander Street,
Suite 104
Plant City, FL 33565
(813) 719-3937
www.benefitassociatesllc.com |
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The Sample Company life insurance is provided by Life Insurance Company of America.
All full-time employees are eligible for benefits the first of the month following 90 days.
Basic Life Insurance is provided by The Sample Company.
Voluntary Life is paid 100% by the employee.
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| Benefit Amount: |
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Hourly: $30,000
Salary: $100,000 |
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| Maximum Benefit: |
Hourly: $30,000
Salary: $100,000 |
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Accidental Death
& Dismemberment: |
Same as life |
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| Reduction Schedule: |
Benefits reduce by:
35% at age 65
An additional 25% at age 70
An additional 15% at age 75
An additional 10% at age 80 |
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| Cost: |
100% employer paid |
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| Benefit Amount: |
Increments of $10,000 |
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| Maximum Benefit: |
Up to $200,000 |
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| Reduction Schedule: |
Benefits reduce by: 35% at age 65
An additional 25% at age 70
An additional 15% at age 75
An additional 10% at age 80 |
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| Spouse Coverage: |
$100,000, not to exceed 50% of employee amount |
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| Child(ren) Coverage: |
$10,000 per child age 14 days to 20 years (26 if full time student), not to exceed 10% of employee amount. |
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| Policy Limitations: |
Standard Issue Maximum is $50,000. This means, if the answer to the medical question on the enrollment application for any person enrolling in the Voluntary Life benefits is “yes” or if the employee and/or spouse are requesting more than $50,000 of life insurance then an “Evidence of Insurability” form will need to be completed and returned to Human Resources. The “Evidence of Insurability” form can be found on this page under “Downloads.” |
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| Cost: |
100% employee paid |
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