L I FE / AD&D I NSURANCE
Customer Service:
800-796-3872
Website:
www.symetra.comLife insurance is an important part of your financial security, especially if others depend on you for support. Accidental
Death & Dismemberment (AD&D) insurance is designed to provide a benefit in the event of accidental death or
dismemberment. Creditcorp provides Basic Life and AD&D insurance, at no cost, to all eligible employees electing
medical coverage. Enrolled dependents under medical coverage will also receive the benefit at no additional cost.
Basic Life/AD&D
PLAN BENEFITS
Eligibility
All full-time 30+ hour per week employees
enrolled in medical
coverage and any enrolled dependents
Waiting Period
Effective 1
st
day of medical coverage
Benefit Amount
Employee $15,000
Spouse $5,000; Child $2,500*
*(birth to 6 months $500)
Age Reduction
65% at age 65 and 50% at age 70
Please be sure to update your beneficiary information during open enrollment.
T E R M L I F E / A D & D I N S U R A N C E*
Voluntary Term Life coverage may be purchased for you, your spouse, and your dependent children. You may elect up
to $150,000 (Guaranteed Issue) of employee coverage, up to $30,000 of spouse coverage, and $10,000 of child
coverage without evidence of insurability. Adding or increasing coverage outside of this initial offering or eligibility
period as a new hire requires evidence of insurability. You must elect coverage on yourself in order to elect it on your
spouse or dependent children. Your spouse benefit amount cannot exceed half of your elected benefit amount.
Coverage may be purchased in increments of $20,000 ($20,000 minimum) up to $750,000. Coverage over $150,000 will
require evidence of insurability. $10,000 coverage is also available for children. Voluntary Life is paid
100% by you.
Guarantee Issuance at Initial Open Enrollment: Employee $150,000 – Spouse $30,000 - Child $10,000
MONTHLY RATES PER $1,000 OF LIFE COVERAGE
Age
Non-Tobacco
Tobacco
18-29
$0.050
$0.080
30-34
$0.060
$0.100
35-39
$0.080
$0.160
40-44
$0.140
$0.270
45-49
$0.250
$0.480
50-54
$0.370
$0.770
55-59
$0.560
$1.080
60-64
$0.820
$1.480
65-69
$1.820
$3.150
70+
$2.850
$4.500
Child
$1.85; only available in the amount of $10,000
EXAMPLE Monthly Life Premium
Employee (Age 41) $150,000 Selected Calculation: (150 x 0.140 = 21)
Monthly Rate
$21.00
(rate based on Employee age)
Spouse
$30,000 Selected Calculation: (30 x 0.140 = 4.20)
Monthly Rate
$4.20
(rate based on Employee age)
Two Children
$10,000 Selected Calculation: (10 x 0.185 = 1.85)
Monthly Rate
$1.85
TOTAL Monthly Premium: $27.05
* All life insurance amounts are subject to age reductions beginning at age 65 - see plan summary for details. Some exclusion’s apply.
10
VOLUNTARY TERM LIFE *
BASIC LIFE / AD&D INSURANCE *