Life Insurance

Worldwide 24-Hour Coverage	Provides life insurance protection 24 hours a day, anywhere in the world.
Tax Free Benefits	Benefits upon death are paid to the employee’s named beneficiary tax-free.
Benefit Reduction	Benefit reduces to 50% of the amount in effect on the employee’s 65th birthday, to a maximum of $50,000.
Non-Medical Conversion	Within 31 days of termination of employment, an employee may convert his life insurance to an individual policy without medical evidence.
Living Assistance Benefit	If an employee is totally disabled and suffering from a terminal illness, benefits may be paid prior to his death under the Living Assistance Benefit provision. The Living Assistance Benefit is 50% of the employee’s basic life insurance amount, to a maximum of $50,000.
Premium Waiver	If an employee becomes totally disabled his life insurance benefits remain in force and premiums will be waived following the earlier of: - the date the employee is approved for Long Term Disability benefits, or - 6 months of total disability.