CINER 2018 Benefit Guide

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UND ER S TAND I NG Questions?
Contact Aetna Life Insurance (Group # 0287425)
800-523-5065 or send email to YOUR WELFARE BENEFITS
Life and Accidental Death & Dismemberment Insurance - Aetna
Your family depends on your income for a comfortable lifestyle and for the resources necessary to make their dreams -
such as a college education - a reality. Like anyone, you don’t like to think of the scenario where you’re no longer there
for your family. However, you do need to ensure their lives and dreams can continue if the worst does happen.
Ciner knows how difficult it can be to provide this peace of mind on your own, which is why we have made it a priority
to give you the ability to build a complete life and accidental dismemberment insurance package.
Basic Life Insurance and Accidental Death & Dismemberment Insurance
Your company-paid life and AD&D insurance provides benefits upon your death and/or following any accidental injury
which results in a personal loss that is covered under the Plan. While you are automatically enrolled to receive these
benefits, you will need to designate a beneficiary during your benefits enrollment process. Your beneficiary will receive
the proceeds of the life insurance and/or AD&D policy in the event of your death.
Your benefit is as follows:
If your death is caused in an accident, both your life policy and your AD&D policy may pay benefits to your beneficiary.
All life and AD&D benefits are reduced beginning at age 70. Please see your Booklet-Certificate for details.
Basic Term Life and Accidental Death & Dismemberment (AD&D)
Amount 1x base earnings, rounded to next $1,000, not to exceed $500,000
Supplemental Life and Dependent Life
Insurance – Aetna
How much coverage can you buy?
Employees who want to supplement their Basic Life
insurance benefits may purchase additional coverage
through Aetna. When you enroll yourself and/or your
dependents in this benefit, you pay the full cost through
after-tax payroll deductions. Spouse rates are based on
your age. You can only enroll a spouse and/or
dependents if you enroll yourself for supplemental life
insurance.
When you are first eligible for coverage (within 30 days
of your benefits effective date) you are able to elect up to
the guaranteed issue amount for yourself and your
dependents without providing Evidence of Insurability.
Amounts elected in excess of the guaranteed issue
amount or if you want to elect coverage for yourself or
your dependents after you are first eligible for coverage,
(considered a “late entrant”), you must provide proof of
good health and be approved for coverage by the
insurance company.
Guaranteed issue available for at initial enrollment only
*Age reduction schedule applies. See your Booklet/Certificate for
details.
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Life Benefit Employee Dependent
Increments 1-6X salary
$1,000
increments
Maximum $750,000 $5,000
Guaranteed
Issue
Lesser of 3X
or $300,000*
$5,000
Evidence of
Insurability
(EOI)
$10,000 Spouse and $5,000 Dependent
$50,000
Required for late entrants and certain benefit
increases
Lesser of 50% of
employee amount
or $50,000*
Supplemental Life
Basic Dependent Life Option
Spouse
$1,000
increments