Basic Life and AD&D
Muskingum Valley Educational Service Center provides Basic Life insurance through SunLife Insurance Company for all eligible employees at no cost to the employee. All eligible employees should enroll in this life insurance.
The Basic Life insurance benefit is $25,000. Muskingum Valley Educational Service Center also provides Accidental Death & Dismemberment (AD&D) insurance which pays in addition to the Basic benefit when loss occurs as a result of an accident.
Voluntary Supplemental Life
Muskingum Valley Educational Service Center employees may elect to purchase additional Life Insurance on a voluntary basis through SunLife Insurance Company via payroll deduction.
Benefit Summary
|
|
Employee |
Spouse |
Child* |
|
Benefit Schedule |
Increments of $10,000 |
Increments of $5,000 |
Flat $10,000 |
|
Maximum Benefit |
$500,000 (not to exceed 5x Annual Salary) |
$250,000 (not to exceed 50% of employee amount) |
N/A |
|
Minimum Benefit |
$10,000 |
$5,000 |
N/A |
|
Guarantee Issue (initial offering only) |
$180,000 (not to exceed 5x Annual Salary) |
$50,000 |
$10,000 |
*Coverage terminates at the end of the month in which the dependent turns 26 or date of marriage, whichever comes first.
**Rates based on Spouse Age.