Employee Life Insurance


These Life benefits provide you with the opportunity to choose various life insurance options. The selection of some options will require you to provide evidence of your insurability (EOI). A pop up will appear if EOI is required. At the end of the enrollment after you have hit the "Confirm" button you will be provided an opportunity to print out the required EOI forms. The form is required by the insurance company to determine whether you satisfy their health requirements. While awaiting the approval Webs will automatically enroll you in an option that does not require EOI. Once your approval has been received your plan will be brought up to date and the coverage will be effective from that time forward.

Employee Basic Life Insurance

 

Option 1

Option 2

Option 3

Option 4

Option 5

 

 

100% of annual earnings to a maximum of $1,000,000, reducing by 50% at age 65.

Any amount of Employee Basic Life Insurance over $600,000 is subject to approval of evidence of insurability

 

200% of annual earnings to a maximum of $1,000,000, reducing by 50% at age 65.

Any amount of Employee Basic Life Insurance over $600,000 is subject to approval of evidence of insurability

 

300% of annual earnings to a maximum of $1,000,000, reducing by 50% at age 65.

Any amount of Employee Basic Life Insurance over $600,000 is subject to approval of evidence of insurability

 

400% of annual earnings to a maximum of $1,500,000, reducing by 50% at age 65.

Any amount of Employee Basic Life Insurance over $600,000 is subject to approval of evidence of insurability

 

500% of annual earnings to a maximum of $1,500,000, reducing by 50% at age 65.

Any amount of Employee Basic Life Insurance over $600,000 is subject to approval of evidence of insurability

 

 

Optional Employee Life

All Options

Optional Employee Life Insurance based on units of $10,000 to a maximum benefit of $500,000.

Units of $10,000 to a maximum of %500,000.  Coverage terminates at age 70 or earlier retirement.