Optional Life Insurance
Administered by Provident Life & Accident Insurance Company. Phone toll free at 1-866-298-7636. Customer Service hours are 8:00 am - 8:00 pm EST, Monday through Friday.
Two life insurance plans are offered, Term Life or Universal Life, administered by Provident Life & Accident Insurance Company, an insuring subsidiary of Unum Group. Employees may enroll in either one or both plans and may elect as much as three times his/her base annual salary without having to show proof of good health, when first offered. Coverage of up to five times the base annual salary or $300,000, whichever is less, is available with proof of good health. Increases in coverage or cancellation are permitted during the Annual Enrollment Transfer Period.
During Annual Enrollment (October 15 - November 15), you may enroll in Optional Term or Universal Life Program. If currently enrolled, you may apply to increase or decrease the amount of your existing coverage within plan limits.
Term Life offers a death benefit only. Premiums are age banded, which means the premiums increase as the insured grows older. The employee need not participate in order to purchase spouse coverage. Children's coverage is available as a term rider.
- Optional Term Life and Optional Universal Life Insurance Handbook
- Term Life Premiums
- Group Insurance Enrollment Form
- Term Life Enrollment Form must also be completed
- Supplemental Application must be completed if you did not elect coverage when first offered
- Customer Service Request Form (to change name, address, beneficiary, amount of coverage)
Universal Life offers a death benefit, cash accumulation, loan provision, and a paid-up policy feature. Premiums are NOT age banded, which means they will not increase as the insured grows older. The premium that you pay when you enroll will stay the same as long as you remain in the Plan. The employee need not participate in order to purchase spouse coverage. Children's coverage is available as a term rider.
- Optional Term Life and Optional Universal Life Insurance Handbook
- Universal Life Premiums
- Group Insurance Enrollment Form
- Universal Life Enrollment Form must also be completed
- Supplemental Application must be completed if you did not elect coverage when first offered
- Customer Service Request Form (to change name, address, beneficiary, amount of coverage)
