Page 42 - NAPA 2021-2022
P. 42

Term Life Insurance





















            We’ve Got You Covered
            As an active employee of National Asphalt Pavement
            Association, you have access to a life insurance policy from
            United of Omaha Life Insurance Company.

            It replaces the income you would have provided, and helps pay
            funeral costs, manage debt and cover ongoing expenses.

            How much insurance is enough?
            When determining how much life insurance you need, think
            about the expenses you may encounter now and through every
            stage of your life.
            Coverage guidelines and benefits are outlined in the chart below.







         ELIGIBILITY - ALL ELIGIBLE EMPLOYEES
         Eligibility Requirement          You must be actively working a minimum of 30 hours per week to be
                                          eligible for coverage.
         Premium Payment                  The premiums for this insurance are paid in full by the policyholder. There
                                          is no cost to you for this insurance.
         BENEFITS
         Life Insurance    For You: An amount equal to 1 times your annual salary, but in no event less than $10,000
         Benefit Amount    or more than $250,000
                           In the event of death, the benefit paid will be equal to the benefit amount after any age
                           reductions less any living care/accelerated death benefits previously paid under this plan.
         Accidental        For You: The Principal Sum amount is equal to the amount of your life insurance benefit.
         Death &
         Dismemberment
         (AD&D) Benefit
         Amount





        45103                                                                                              G000BK33
   37   38   39   40   41   42   43   44   45   46   47