Your life insurance will be continued without payment of premiums while you are totally disabled if: Combined life insurance.
a] You become Totally Disabled while insured under the Group Policy and you are under the age of 60;
b] You complete your Waiting Period; and
c] You provide Minnesota Life with satisfactory Proof of Loss.
Continuation in the case of a disability can be quite confusing, therefore if you believe you qualify for this coverage contact your Human Resources or Benefits Department as soon as possible to review the administrative specifics of continuing your coverage.
Life insurance definition
BASIC LIFE INSURANCE
Group life insurance coverage is automatically provided to all eligible employees on the date you become benefits eligible with your employer. Please refer to the Life Insurance Certificate for your Employer for coverage amounts and plan provisions.
ADDITIONAL LIFE INSURANCE
In additional to your employer-paid life insurance, you also have the option of purchasing additional life insurance. You can purchase coverage for yourself, your spouse and your dependent children.
You may elect additional life insurance in units of $10,000, to a maximum of $500,000 or 6 times your annual earnings, whichever is less. If you wish to become insured for an amount in excess of $100,000, the excess will be subject to underwriting. All late applications and requests for coverage increases are also subject to medical underwriting approval.
Coverage is available in units of $10,000 up to a maximum of $30,000, not to exceed 100% of the employee’s combined coverage amount. If you elect an amount for your spouse greater than $30,000, the excess will be subject to medical underwriting approval. All late applications and requests for coverage increases are also subject to medical underwriting approval.
You may elect coverage for your eligible children up to age 26 in the amount of $10,000. All late applications and requests for coverage increases are also subject to medical underwriting approval.
Additional life insurance premium rates are based upon age. The premiums for additional life insurance are set up through payroll deductions on an after-tax basis.
For more detailed coverage information, please contact your benefits department.