Voluntary Workplace Benefits

Interest-Sensitive Whole Life Insurance

 

Rates for Employee, Spouse, and Children's Term and Whole Life

are included at the end of the coverage information.

 

  • UnumProvident's interest-sensitive whole life insurance plan is voluntary, which means employees can chose whether or not to purchase coverage, and buy only the amount that is right for their needs.

  • In addition to providing death benefits, the policy builds cash value, which can be utilized during the insured's working years.

  • The policy's accumulated cash value may also be used to buy a smaller, "paid up" policy on which no further premiums are due.

  • No physical exams are required.

  • Coverage options are available for employee, spouse and children.

  • An Advance Benefit Option Rider is included on all employee and spouse policies.

  • Premiums are paid through convenient payroll deduction.

  • Coverage is portable, which means employees can take their policy with them if their retire or leave the company.

Family Coverage Options

  • Spouse Coverage

     

    • Coverage is available for spouses even if the employee doesn't apply for coverage for him/herself.

    • As long as the spouse is able to perform the normal duties and activities of someone his/her age, and has not been hospitalized within six months of enrollment, coverage may be applied for at first eligibility (with no medical questions or physical exam) just as the employee would apply for coverage. Otherwise, application may be made by answering a few health questions.

    • Spouse issue ages 18 - 75.

    • Coverage is portable.

     

  • Children's Coverage

     

    • Interest-Sensitive Whole Life Coverage:

      • Interest-sensitive whole life coverage is available for children, stepchildren, legally adopted children and grandchildren, ages 14 days through age 24.

      • Coverage is available for children even if the employee doesn't purchase coverage for him/herself.

      •  

    • Children's Term Rider:

      • With an adult policy, this rider is available to all children, stepchildren, and legally adopted children of eligible employees for one affordable premium.

      • Children must be between the ages of 14 days and 24 years, and eligible employees must be under age 65 to apply. Children are covered through age 25.

      • As children reach age 25, they are guaranteed the right to purchase up to five times the amount of their rider coverage in life insurance regardless of their health or occupation at the time they convert.

Additional Coverage Options

  • Advance Benefit Option Rider

    • Once chosen by the employer, all eligible employee and spouse policies receive this benefit at no additional premium.

    • Allows policyholders to request up to 50% of the death benefit, up to a maximum of $100,000, if the insured is diagnosed with a medical condition that limits life expectancy to six months or less.

    • Available to employees and spouses ages 18 - 65 with face amounts of $6,000 or more.

    • Any payout of this rider reduces the death benefit.

    • Exercising the Advance Benefit Option Rider (ABOR) does not constitute automatic Waiver of Premium.

  • Waiver of Premium

    • Waives the policy's premium during disability if the insured employee becomes disabled prior to age 60 and remains disabled for at least six months.

    • Employee issue ages 18 - 55.

    • Available only at initial offering.

    • Premiums paid during the six-month waiting period are refunded.

 

</

INTEREST SENSITIVE WHOLE LIFE

FACE AMOUNTS/RIDER COSTS

Non-Tobacco Semi-Monthly Premiums For Employee or Spouse

$6.50 Premium

$8.67 Premium

$10.84 Premium

Accidental

Employee

Accidental

Employee

Accidental

Employee

Issue

Face

Death

Waiver of

Issue

Face

Death

Waiver of

Issue

Face

Death

Waiver of

Age

Amount

Benefit

Premium

Age

Amount

Benefit

Premium

Age

Amount

Benefit

Premium

18

30,233

0.65

0.65

18

40,310

0.87

0.87

18

50,388

1.08

1.08

19

29,434

0.65

0.65

19

39,245

0.87

0.87

19

49,057

1.08

1.08

20

28,624

0.65

0.65

20

38,165

0.87

0.87

20

47,706

1.08

1.08

21

27,660

0.65

0.65

21

36,879

0.87

0.87

21

46,099

1.08

1.08

22

26,531

0.65

0.65

22

35,374

0.87

0.87

22

44,218

1.08

1.08

23

25,407

0.65

0.65

23

33,876

0.87

0.87

23

42,345

1.08

1.08

24

24,261

0.65

0.65

24

32,348

0.87

0.87

24

40,435

1.08

1.08

25

23,214

0.65

0.65

25

30,952

0.87

0.87

25

38,690

1.08

1.08

26

22,159

0.65

0.65

26

29,545

0.87

0.87

26

36,932

1.08

1.08

27

21,167

0.65

0.65

27

28,223

0.87

0.87

27

35,278

1.08

1.08

28

20,207

0.65

0.65

28

26,943

0.87

0.87

28

33,679

1.08

1.08

29

19,307

0.65

0.65

29

25,743

0.87

0.87

29

32,178

1.08

1.08

30

18,440

0.65

0.65

30

24,586

0.87

0.87

30

30,733

1.08

1.08

31

17,528

0.65

0.65

31

23,371

0.87

0.87

31

29,213

1.08

1.08

32

16,649

0.65

0.65

32

22,199

0.87

0.87

32

27,748

1.08

1.08

33

15,822

0.65

0.65

33

21,095

0.87

0.87

33

26,369

1.08

1.08

34

14,971

0.65

0.65

34

19,962

0.87

0.87

34

24,952

1.08

1.08

35

14,195

0.65

0.65

35

18,926

0.87

0.87

35

23,658

1.08

1.08

36

13,437

0.65

0.65

36

17,916

0.87

0.87

36

22,394

1.08

1.08

37

12,735

0.65

0.65

37

16,980

0.87

0.87

37

21,224

1.08

1.08

38

12,037

0.65

0.65

38

16,049

0.87

0.87

38

20,062

1.08

1.08

39

11,379

0.65

0.65

39

15,171

0.87

0.87

39

18,964

1.08

1.08

40

10,766

0.65

0.65

40

14,355

0.87

0.87

40

17,943

1.08

1.08

41

10,156

0.65

0.65

41

13,542

0.87

0.87

41

16,927

1.08

1.08

42

9,553

0.65

0.65

42

12,737

0.87

0.87

42

15,922

1.08

1.08

43

9,012

0.65

0.65

43

12,016

0.87

0.87

43

15,020

1.08

1.08

44

8,501

0.65

0.65

44

11,335

0.87

0.87

44

14,169

1.08

1.08

45

8,012

0.65

0.65

45

10,683

0.87

0.87

45

13,354

1.08

1.08

46

7,576

0.65

0.65

46

10,102

0.87

0.87

46

12,627

1.08

1.08

47

7,179

0.65

0.65

47

9,572

0.87

0.87

47

11,965

1.08

1.08

48

6,797

0.65

0.65

48

9,063

0.87

0.87

48

11,329

1.08

1.08

49

6,409

0.65

0.65

49

8,546

0.87

0.87

49

10,682

1.08

1.08

50

6,037

0.65

0.65

50

8,050

0.87

0.87

50

10,062

1.08

1.08

51

5,636

0.65

0.65

51

7,514

0.87

0.87

51

9,393

1.08

1.08

52

5,242

0.65

0.65

52

6,989

0.87

0.87

52

8,737

1.08

1.08

53

4,864

0.65

0.65

53

6,486

0.87

0.87

53

8,107

1.08

1.08

54

4,526

0.65

0.65

54

6,034

0.87

0.87

54

7,543

1.08

1.08

55

4,205

0.65

0.65

55

5,606

0.87

0.87

55

7,008

1.08

1.08

56

3,935

0.65

56

5,247

0.87

56

6,559

1.08

57

3,682

0.65

57

4,909

0.87

57

6,136

1.08

58

3,450

0.65

58

4,600

0.87

58

5,750

1.08

59

3,229

0.65

59

4,306

0.87

59

5,382

1.08

60

3,013

0.65

60

4,018

0.87

60

5,022

1.08

61

2,782

0.65

61

3,709

0.87

61

4,636

1.08

62

2,589

0.65

62

3,452

0.87

62

4,315

1.08

63

2,378

0.65

63

3,171

0.87

63

3,964

1.08

64

2,200

0.65

64

2,933

0.87

64

3,666

1.08

65

2,039

0.65

65

2,719

0.87

65

3,399

1.08

66

66

2,515

66

3,144

67

67

2,395

67

2,994

68

68

2,298

68

2,872

69

69

2,206

69

2,757

INTEREST SENSITIVE WHOLE LIFE

FACE AMOUNTS/RIDER COSTS

Non-Tobacco Semi-Monthly Premiums For Employee or Spouse

$13.00 Premium

$15.17 Premium

$17.34 Premium

Accidental

Employee

Accidental

Employee

Accidental

Employee

Issue

Face

Death

Waiver of

Issue

Face

Death

Waiver of

Issue

Face

Death

Waiver of

Age

Amount

Benefit

Premium

Age

Amount

Benefit

Premium

Age

Amount

Benefit

Premium

18

60,465

1.30

1.30

18

70,543

1.52

1.52

18

80,620

1.73

1.73

19

58,868

1.30

1.30

19

68,679

1.52

1.52

19

78,491

1.73

1.73

20

57,248

1.30

1.30

20

66,789

1.52

1.52

20

76,330

1.73

1.73

21

55,319

1.30

1.30

21

64,539

1.52

1.52

21

73,759

1.73

1.73

22

53,061

1.30

1.30

22

61,905

1.52

1.52

22

70,748

1.73

1.73

23

50,814

1.30

1.30

23

59,283

1.52

1.52

23

67,752

1.73

1.73

24

48,523

1.30

1.30

24

56,610

1.52

1.52

24

64,697

1.73

1.73

25

46,429

1.30

1.30

25

54,167

1.52

1.52

25

61,905

1.73

1.73

26

44,318

1.30

1.30

26

51,705

1.52

1.52

26

59,091

1.73

1.73

27

42,334

1.30

1.30

27

49,389

1.52

1.52

27

56,445

1.73

1.73

28

40,415

1.30

1.30

28

47,150

1.52

1.52

28

53,886

1.73

1.73

29

38,614

1.30

1.30

29

45,050

1.52

1.52

29

51,485

1.73

1.73

30

36,879

1.30

1.30

30

43,026

1.52

1.52

30

49,173

1.73

1.73

31

35,056

1.30

1.30

31

40,899

1.52

1.52

31

46,742

1.73

1.73

32

33,298

1.30

1.30

32

38,847

1.52

1.52

32

44,397

1.73

1.73

33

31,643

1.30

1.30

33

36,917

1.52

1.52

33

42,191

1.73

1.73

34

29,942

1.30

1.30

34

34,933

1.52

1.52

34

39,923

1.73

1.73

35

28,389

1.30

1.30

35

33,121

1.52

1.52

35

37,853

1.73

1.73

36

26,873

1.30

1.30

36

31,352

1.52

1.52

36

35,831

1.73

1.73