2020-2021 Benefits Guide

be ineligible to port their coverage. The employee may also have the option to convert their Term Life coverage to an individual life insurance policy. Life Insurance Conversion Privilege When an insured employee’s group coverage ends, employees may convert their coverage to individual life policies without providing evidence of insurability. Waiver of Premium If the employee becomes disabled and is no longer able to work, their premium payments will be waived during the period of disability. Dependent Life Insurance Dependent Life coverage for EAA full time employees is through Reliance Standard Insurance. Dependent life insurance is an optional benefit that is paid 100% by the employee. The chart below shows how much coverage you may enroll your dependents in.

Dependent Life Coverage

Spouse

$20,000.00

The cost for dependent coverage is $2.25 per month or $1.12 per pay period.

Child 14 days but less than 6 months

$1,000.00

Child 6 months to 25 of age (up to age 26 if a full-time student)

$5,000.00

21