DATE: May 1, 2009 through June 30, 2010
TO: Financial Services Employees
FROM: Richard Smith & Associates, Inc.
SUBJECT: Family Group Term Life Insurance
The voluntary group term life insurance plan, underwritten by Reliance Standard Life Insurance Company, will have an OPEN ENROLLMENT beginning February 1, 2009 through February 28, 2009.This insurance is available to all active full-time employees who are working at least 30 hours per week. This plan has the following important features:
1. Insurance coverage is available to your spouse and children.
2. Availability of a “living benefit rider” equal to 50% of the death benefit, to a maximum of $250,000, if you become terminally ill and have met all requirements.
3. If you have been insured for 6 months, are under age 60, and you have reached the $100,000.00 guaranteed issue limit, you may purchase an additional $10,000.00 at this time; and an additional $10,000.00 at each future enrollment up to a maximum of $50,000 over a 5 year period.
4. The maximum GUARANTEED amount of coverage for employees, available without evidence of insurability during the annual enrollment, is $10,000.00. The maximum amount of coverage an employee or spouse may purchase with evidence of insurability is $500,000.00.
5. If you leave the Department you may keep this insurance or convert to an individual permanent life insurance policy.
Fax the completed application to 850-656-9363. If you have any questions, you may contact Lois Goode at Richard Smith & Associates, locally at 877-1445 or 800-342-0209.
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