Group Term Life 

Basic Term Life: You are automatically enrolled for 2.0 times your covered annual earnings to $500,000. Basic AD&D pays you and your beneficiary a benefit for the loss of life or other injuries resulting from a covered accident — 100% for loss of life and a lesser percentage for other injuries. Injuries covered may include loss of sight or speech, paralysis, and dismemberment of hands or feet. Basic AD&D benefits are paid regardless of other coverages you may have.

 

Plan Type: Life Insurance
Group Number: 52840
Phone: 800.524.0542
Web: prudential.com
Eligibility: Active employees working 30 or more hours per week and enrolled in medical coverage through the Evening Post employer-sponsored plan.
Effective Date: 1st of the month after 30 days of continuous employment

Basic Term Life 

100% Employer Paid Basic Term Life: You are automatically enrolled for 2.0 times your covered annual earnings to $500,000. If you are terminally ill, you can get a partial payment of your group life insurance benefit. You can use this payment as you see fit. The payment to your beneficiary will be reduced by the amount you receive with the Accelerated Benefit Option.* Refer to the plan booklet for details. Payment of premium can be waived if you are totally disabled for 6 months, you are less than 60 years old when the disability begins, and you continue to be totally disabled. This waiver terminates at age 65. This provision may vary by state. Coverage will be reduced as you age – by 35% at age 65 and 55% at age 70 and 70% at age 75 and 80% at age 80. Coverage will end on your termination of employment or as specified in the plan booklet. You may convert your insurance to an individual life insurance policy issued by the Prudential Insurance Company of America.

Basic Accidental Death & Dismemberment

100% Employer Paid Basic AD&D pays you and your beneficiary a benefit for the loss of life or other injuries resulting from a covered accident — 100% for loss of life and a lesser percentage for other injuries. Injuries covered may include loss of sight or speech, paralysis, and dismemberment of hands or feet. Basic AD&D benefits are paid regardless of other coverages you may have. Basic AD&D: You are automatically enrolled for 2.0 times your covered annual earnings to $500,000.

QuestionAnswer
How do I enroll in Group Term Life Insurance?Following 30 continuous days of employment with the company, and acceptance of one of our medical plans, you will be automatically enrolled at 2x your annual salary.
How do I qualify for Group Term Life Insurance?You must be covered by one of the company’s medical plans, and be employed for a continuous 30 days.
Will my insurance coverage increase if there is a change to my salary throughout the year?Yes, the 2x annual coverage will update with each salary adjustment.

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Beneficiaries are really important in life insurance. A beneficiary is an individual or entity that will receive the proceeds of your life insurance policy. Since one of the main purposes of life insurance is to help ensure the financial wellness of your loved ones, you’ll want to make sure you name a beneficiary, and keep the information up to date. Naming a beneficiary will help avoid delays in getting benefits to your loved ones. You can designate a beneficiary by completing the beneficiary form and returning it to benefitsupport@eveningpostindustries.com 

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It is important that you take steps to educate yourself on all employee benefit plan options and rewards. It is your responsibility to complete your benefits election in Ultipro, no later than 30 days from eligibility.