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Benefit
Optional. Offers your beneficiaries additional financial protection if you should die.
Elect in increments of $10,000, up to a maximum of lesser of 5x salary or $500,000
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
5 times annual salary up to $120,000
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Is EOI required?
Evidence of Insurability (EOI) is a statement of health, sometimes required by an insurance company before they will insure you.
If you did not enroll in the voluntary life insurance when you were initially eligible, or if you wish to add or increase your benefit – you may do so at open enrollment; however, Evidence of Insurability (EOI) paperwork will be required. Election amounts are subject to review and approval by Mutual of Omaha underwriting
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Who pays for coverage?
You, if you choose to enroll.
Voluntary Employee Life
Provider: Mutual of Omaha
Phone: 855-891-1354
Website: https://www.mutualofomaha.com
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Benefit
Pays you a benefit if your spouse should die.
Elect increments of $10,000
Minimum: $10,000
Maximum is $250,000, but not to exceed 100% of employees elected amount (employee must enroll in order to purchase spouse coverage)
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
$30,000
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Is EOI required?
Evidence of Insurability (EOI) is a statement of health, sometimes required by an insurance company before they will insure you.
If you did not enroll in the voluntary life insurance when you were initially eligible, or if you wish to add or increase your benefit – you may do so at open enrollment; however, Evidence of Insurability (EOI) paperwork will be required. Election amounts are subject to review and approval by Mutual of Omaha underwriting
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Who pays for coverage?
You, if you choose to enroll.
Voluntary Spouse Life
Provider: Mutual of Omaha
Phone: 855-891-1354
Website: https://www.mutualofomaha.com
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Benefit
This plan offers you financial protection if your child should ever die. This plan is available from birth to age 26. Please note, in order to enroll a child, the employee must also be enrolled. Additionally, a dependent child of two or more employees may only be insured once under the Policy.
100% of employees benefit up to $10,000
Increments of $1,000
$2,000 minimum
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Guaranteed issue amount
The maximum amount of coverage you can choose without providing a statement of health (called Evidence of Insurability or EOI).
$10,000
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Who pays for coverage?
You, if you choose to enroll.
Voluntary Child Life
Provider: Mutual of Omaha
Phone: 855-891-1354
Website: https://www.mutualofomaha.com