• Cigna Voluntary Term Life

     

    Cigna – VOLUNTARY TERM GROUP LIFE INSURANCE ~ Paid by you

     
    This insurance is available through Cigna to all employees who are .5 FTE or greater.  They must enroll within the first 30 days of employment.  One exception:  If employee goes from less than .5 FTE to greater than .5 FTE they can enroll within the first 30 days of the change in FTE without evidence of insurability.  THERE IS NO OTHER QUALIFYING EVENT.  An employee can get group insurance later – however must go through the entire underwriting process which includes evidence of insurability. - However if an employee gets married or has a baby, then the dependents would qualify for the GI within 30 days from the date of marriage or birth.  Other than that, there are no other qualifying events since this for Voluntary Life.  Loss of other coverage does not constitute a qualifying event for the Voluntary Life.

    This insurance can be payroll deducted

    Employee –  All active, Full-time Employees of the Employer regularly working a minimum of 20 hours per week.

     Benefit Amount - Units of $10,000

    • Guaranteed Coverage Amount - $120,00
    • Maximum - $120,000
    • Benefit Reduction Schedule - Providing you are still employed, your benefits will reduce to 65% at age 70, 45% at age 75.

     Your Spouse – Up to age 70 is eligible provided that you apply for and are approved for coverage for yourself.

    • Benefit Amount - Units of $5,000
    • Guaranteed Coverage Amount - $50,000
    • Maximum - $50,000, or 50% of the employee's coverage amount

     Your Unmarried, Dependent Children - Birth to 6 months: $500

    Under age 26, as long as you apply for and are approved for coverage for yourself·.

    • Benefit Amount- Units of $2,000
    • Maximum - $10,000
     
    Information and Enrollment forms may be obtained from the Business or HR Offices as well as the link below: