1. 2015 Benefits Enrollment

2. New Voluntary Benefit Offerings
Worth & Company, Inc. along with Reliance Standard Life Insurance are excited to be offering all employees affordable Voluntary Term Life Insurance as well as Accidental Death & Dismemberment coverage effective 1/1/2015

3. Agenda Product Overview: Voluntary Life Insurance
Voluntary Accidental Death & Dismemberment
How to Sign Up

4. How much life insurance do I need?
Experts recommend that a person have 5-10 times their annual income in life insurance protection
Life insurance benefits can take care of those you leave behind for:
Funeral Expenses
Hospital Bills
Mortgage
Income Replacement
Financial Security
Student Loans
Credit Card Debt
College Funds

5. Plan Design Voluntary Life Insurance
Eligibility: Each Active, Full-time employee working 37 ½ or more hours per week, except any person working on a temporary or seasonal basis.
Employees have the option to purchase a minimum of $10,000 to a maximum of $500,000 in increments of $10,000.
Spouse’s have the option to purchase a minimum of $10,000 to a maximum of $500,000 in increments of $10,000.
Spouse may elect coverage without employee electing coverage
Dependent child(ren) have the option to purchase $5,000, $10,000, $15,000 or $20,000.
All child amounts are guaranteed issue

6. What is a dependent?

7. Guaranteed Issue Amount
Take advantage of these Guaranteed Issue amounts as they are only available this year as a one time special enrollment.
If you opt out of the plan this year you may be subject to Medical Questions during next years enrollment period
Employee Coverage:
Age 69 and under $100,000
Age 70+ No guaranteed amount
Spousal Coverage:
Age 59 and under $30,000
Age 60+ No guaranteed amount
Child(ren) Coverage:
All coverage is guaranteed

8. How much does this cost?
Rates are based on tobacco use in the last 12 months.
Age banded rates move based on you and your spouses age as of January 1st each year
Rate tables are shown as Monthly

9. Tobacco vs. Non-Tobacco Rates?

10. Dependent Child Cost

11. Key Points to Remember
There are ways to continue your life insurance if you are no longer employed at Worth & Company:
Portability
Taking your coverage under a group platform
Conversion
May convert upon retirement
Policy will remain in force as long as premiums continue to be paid
Take advantage of these Guaranteed Issue amounts as they are only available this year as a one time special enrollment.
Rates are listed as Tobacco vs. Non-Tobacco user
Rates are shown as Monthly

12. Voluntary AD&D What is AD&D?
Accidental Death & Dismemberment (AD&D) insurance is invaluable because it helps provide additional financial protection to both you and your family in the event that an accident takes your life or leaves you handicapped

13. Voluntary AD&D Why do I need AD&D Coverage?
More than half of all injury-related deaths occur in homes and communities, and unfortunately, accidental deaths in the US are rising at an alarming rate – more than 20% over a 10 year period, reaching 113,000 deaths in 2005

14. Voluntary AD&D All amounts are guaranteed
Individual or Family coverage available
Rates not based on Age

15. Voluntary AD&D
Eligibility: Each Active, Full-time employee working 37 1/2 or more hours per week, except any person working on a temporary or seasonal basis.
Employees have the option to purchase a minimum of $10,000 to a maximum of $500,000 in increments of $10,000.
May not exceed 10 times earnings for amounts over $150,000
May choose family coverage:
Spouse with no child(ren) 50% of employee amount
Spouse with child(ren): 40% of employee amount
Child(ren) with no spouse: 15% of employee amount
Child(ren) with spouse: 10% of employee amount

16. Schedule of Benefits

17. How much does this cost? Rates are not based on age
There is no distinction between tobacco or non-tobacco use
Rate tables are shown as Monthly

19. How do I sign up?
Find the enrollment form provided

20. How do I sign up? Fill out employee section
Fill out spouse section if applicable
Enroll or decline for each coverage option
Fill out the medical questions
if you are enrolling for an
amount above guaranteed
issue

21. How do I sign up? Sign and date the form
Please return all forms to HR by December 15th

22. All approved coverage will go into effect January 1st, 2015
For any additional questions please contact your HR department

23. Questions?