Company insurance. Group Term Life Insurance, PEF Membership Benefits

When it comes to protecting the financial security of your loved ones, nothing is more important than planning ahead. Group Term Life (GTL) insurance is a great way to provide your loved ones with financial protection when you can’t be there and when they need it most. Group term life insurance.

PEF Membership Benefits Program sponsors Group Term Life insurance from Sun Life.

Eligibility:

You may be eligible for Group Term Life as an active, dues-paying member of PEF. You may also be eligible for Dependent Life insurance coverage, if you are covered for Life Insurance under this plan, and you meet additional requirements.

How does it work?

With Group Term Life insurance, your loved ones will receive a payment based on the coverage you have upon your death.

How much do I need?

You have the opportunity to choose the coverage that best fits your needs:

Member Coverage:

If you are covered for Group Term Life insurance under this plan, you may also apply for dependent coverage for your spouse/domestic partner and dependent children.

How much does this coverage cost?

The cost for coverage is based on the amount of coverage you choose, your attained age, and a bi-weekly rate.

For example, a member aged 43 interested in $20,000 of coverage would pay:

Effective September 1, 2108, with the introduction of the Modified Open Enrollment campaign (September 1 to November 20, 2018) there will be a 5% rate reduction for individual coverage. There is no rate reduction for members who maintain the Premium Waiver.

Spouse/Domestic Partner Coverage:

How much does spouse/domestic partner coverage cost?

The cost for spouse/domestic partner coverage is based on the amount of coverage you choose, the member’s attained age, and a flat bi-weekly rate.

Dependent Children Coverage:

Effective September 1, 2108, with the introduction of the Modified Open Enrollment campaign, Dependent Child Coverage will automatically increase to $15,000.

You should consider life insurance if your income is needed to cover household or day-to-day expenses (e.g., car payments or childcare) or if you share responsibility for a significant debt (e.g., mortgage, rent, or student loans with someone else).

Free health insurance

If you enroll when you are first eligible, you do not have to provide proof of good health.

The coverage allows you to apply to receive a portion of your death benefit to help cover medical and living expenses if you become terminally ill.

The policy includes an equal amount of AD&D (accidental death & dismemberment) insurance, which provides a benefit if you or a covered dependent suffers a covered accidental injury or dies from a covered accident.

Your cost depends on your age, the amount of insurance, and a bi-weekly flat premium rate that changes as you get older.

How to Enroll:

1) For New employees on the job less than 120 days:

If you are a New Employee(on the job less than 120 days) in the PS&T (Professional, Scientific & Technical) Unit, you may enroll with no medical questions asked

. If we do not receive your insurance application(s) within 120 days of your date of hire with the PS&T unit, you can still enroll in the insurances, but you will need to also complete a Medical Questionnaire/Evidence of Insurability (form below).

You must join PEF before enrolling in any one or more insurances. Join PEF Now.

If you are a PEF member already and still within your 120 days from date of hire, simply complete the enrollment form and mail it to:

PEF Membership Benefits Program

Household insurance

10 Airline Drive, Suite 101

Or, you can wait until the 2018 Modified Open Enrollment campaign taking place from September 1 to November 20, 2018. During that period, you can enroll with no medical questions asked.

A new enrollment form will be available September 1, 2018, for the Modified Open Enrollment campaign period (September 1 to November 20, 2018).

2) Current, Active Employees (on the job more than 120 days)in the PS&T unit:

If you are a PEF member already, simply complete the enrollment form and Evidence of Insurability mail it to:

PEF Membership Benefits Program

10 Airline Drive, Suite 101

Or, you can wait until the 2018 Modified Open Enrollment campaign taking place from September 1 to November 20, 2018. During that period, you can enroll with no medical questions asked.

A new Enrollment Form will be available September 1, 2108, for the Modified Open Enrollment campaign period (September 1 to November 20, 2018).

You will need to complete an Evidence of Insurability Form if:

You did not elect insurance in your first 120 days of employment with the PS&T unit.

If you are increasing coverage on an existing insurance policy.

If a PEF MBP representative requests that you complete and EOI form.

Compare life insurance

If you are downloading the insurance enrollment application and the medical questionnaire, return both to PEF MBP at:

PEF Membership Benefits Program

10 Airline Drive, Suite 101

For more information: Call PEF Membership Benefits Program at (518) 785-1900, ext. 243, Opt. 2, or (800) 342-4306, ext. 243, Opt. 2. You may also email PEF Membership Benefits Program.

Important: The above information is intended to provide an explanation of the general purposes of the insurance described, but it does not form a part of the group insurance policy. If any of the terms of the brochure or certificate differ from the group insurance policy, the policy will govern. Limitations and Exclusions apply. Please see the brochure for additional information.

If the amount you apply for exceeds the Guaranteed Issue amount or if you decline coverage during your initial eligibility period and want to elect coverage or increase coverage at a later date, you are required to complete and submit an Evidence of Insurability application, which must be approved by Sun Life prior to coverage taking effect.

Subject to policy terms, conversion is available when coverage terminates or reduces, and portability is available when employment terminates. Coverage is subject to state variations. If portability is not available in your state, continuation may be available. Refer to your Certificate for specific conditions.