Life Insurance

Basic Life Insurance

Features of this plan include:

  • Coverage is equal to one times your eligible salary (base pay plus target short-term incentive), rounded to the next $1,000.
  • Frozen Exec Life - If you were a legacy CTl Director or VP on 12/31/07, you have a frozen life benefit. Refer to the Benefits Online System for coverage amount.
  • Company paid

Supplemental Employee Life Insurance

Features of this plan include:

  • Seven coverage options:  1 times to 8 times your base pay, rounded to the next $1,000
  • Coverage maximum equal to $2,000,000
  • Evidence of insurability required if coverage is greater than two times eligible pay or $300,000
  • Employee paid (post tax)

Spouse Life Insurance

Features of this plan include:

  • Seven coverage options:  $5,000, $10,000, $25,000, $50,000, $75,000, $100,000 and $200,000
  • Coverage amount cannot exceed 100% of employee life insurance coverage.
  • Evidence of insurability required if coverage is greater than $50,000
  • Employee paid (post tax)

Child(ren) Life Insurance

Features of this plan include:

  • Four coverage options:  $3,000, $5,000, $10,000 and $20,000
  • Coverage amount cannot exceed 100% employee life insurance coverage
  • Evidence of insurability is not required
  • Employee paid (post tax)
Administrator: MetLife Insurance
Summary Plan Description: View the Life Summary Plan Description