You may insure each eligible dependent child for $15,000 of life insurance coverage for 26 cents bi-weekly regardless of age or number of children. Please call the PEF Membership Benefits Program for more information. Dependent Life insurance for your fully handicapped child can be continued past the age of 19. Your dependent children may be eligible for coverage if they are between 15 days and 19 years of age, or an unmarried child under the age of 25 who is enrolled as a full-time student, and depends on you for 50% of his or her support. Option D2-Dependent Life for unmarried members Rates increase as the member enters each new age category. Rates and/or benefits may be changed on a class basis. The cost for spouse/domestic partner coverage is based on the amount of coverage you choose, the member’s attained age, and a flat bi-weekly rate. You can choose spouse/domestic partner coverage in the coverage amounts provided below:Ĭost of coverage for a spouse/domestic partner This form must be completed and returned to prove partnership.
SUN LIFE BENEFITS DOWNLOAD
If you do not download it now to send to PEF MBP, a copy will be mailed to you by PEF MBP. You may download and complete the form now. If you select a Domestic Partner as a beneficiary, you will need to complete this form as well. This form is a supporting document to your insurance enrollment form. If you plan to elect Domestic Partner coverage, an additional form, the Domestic Partner Affidavit, must be completed, signed by a Notary Public, and mailed to PEF MBP to prove partnership. This must be filed with and approved by PEF MBP prior to coverage becoming effective. You will have to show that you and your partner have been residing together for at least six months and you will need to provide documentation of financial interdependence such as a joint bank account, credit card, joint ownership of residence, or mutually granted durable power of attorney. PEF MBP uses the same criteria currently used by the state of New York to qualify a domestic partner for health insurance benefits. During the 240-day (from date of hire) new employee open enrollment, the only option available for spouse/domestic partner coverage is $20,000.Ī “domestic partner” is an individual with whom you execute a domestic partner affidavit to establish eligibility. The spouse/domestic partner coverage amount cannot be more than 100% of your coverage amount. Option D1-Dependent Life for married members/domestic partners Option D1 for married members/domestic partners.Your Dependent Life insurance selection must represent your family status: If you have chosen a salary-based option and your annual earnings change for any reason, including a change due to a promotion to a PEF-represented position, your insurance will automatically be adjusted on the next available payroll. Rates and/or benefits may be changed on a class basis.įor example, a member aged 43 interested in $20,000 of coverage would pay:.Rates are adjusted as you enter a new age bracket.The cost for coverage is based on the amount of coverage you choose, your attained age, and a bi-weekly rate. If you are covered for Group Term Life insurance under this plan, you may also apply for dependent coverage for your spouse/domestic partner and dependent children.Your earnings are rounded to the next higher $1,000 (if not already a multiple of $1,000) based on your current earnings, up to a maximum of $600,000.Coverage amountĪs a PEF member, you have the opportunity to choose the coverage that best fits your needs. With Group Term Life insurance, your loved ones will receive a payment based on the coverage you have upon your death. You may also be eligible for Dependent Life insurance coverage, if you are covered for Life Insurance under this plan, and you meet additional requirements. You may be eligible for Group Term Life as an active, dues-paying member of PEF. Group Term Life Insurance Key Features Eligibility That is why the PEF Membership Benefits Program sponsors Group Term Life Insurance from Sun Life. Group Term Life insurance protects the life you love by securing it for the people most important to you. Group Term Life (GTL) insurance is a great way to provide your loved ones with financial protection when you can’t be there and when they need it most. When it comes to protecting the financial security of your loved ones, nothing is more important than planning ahead.
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