Supplemental Life

You have an opportunity to apply for Supplemental Life and benefits at your employer's group rates.

Supplemental Life Benefit Amount

You may purchase Supplemental Life insurance in units of $10,000 for a minimum of $30,000 up to a maximum of $500,000.

Amounts greater than $200,000 will be subject to Medical Underwriting.1  All late applications are subject to medical underwriting as well.

During Multnomah County's annual enrollment periods in 2018 or later, The Standard will waive the Evidence of Insurability2 (EOI) requirement for increases in employee Supplemental Life Insurance of $10,000, $20,000, or $30,000 subject to the Guarantee Issue3 (GI) amount above. Requests of Supplemental Life insurance above the (GI) or increases in excess of $30,000 will require evidence of insurability. The requirements will not be waived if you previously submitted Evidence of Insurability (EOI) requirements that was not approved by The Standard under the Multnomah County plan.

During the first 60 days following a Family Status Change an eligible employee can elect Supplemental Life insurance up to the Guarantee Issue (GI) of $200,000 without providing evidence of insurability. Requests of Supplemental Life insurance above the (GI) or outside of this enrollment period will require evidence of insurability. The requirements will not be waived if you previously submitted evidence of insurability that was not approved by The Standard.

Also during the first 60 days following a Family Status Change an eligible employee can elect Dependents Life insurance for a Spouse/Domestic Partner up to the Guarantee Issue (GI) of $50,000 without providing evidence of insurability. Requests of Dependents Life insurance for a Spouse/Domestic Partner above the (GI) or outside of this enrollment period will require evidence of insurability. The requirements will not be waived if your Spouse/Domestic Partner previously submitted evidence of insurability that was not approved by The Standard.

Supplemental Coverage for Your Spouse/Domestic Partner

This coverage is available for purchase in units of $10,000 for a minimum of $30,000 up to a maximum of $500,000.

Supplemental Life insurance greater than the Guarantee Issue amount of $50,000 will be subject to medical underwriting. All late applications are subject to medical underwriting as well.

Before you enroll, please review the Coverage Highlights (employee paid coverage) below for answers to commonly asked questions, exclusions, limitations and reductions.

Supplemental Life Coverage Highlights

 

1 Medical Underwriting is a health insurance term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for life or health insurance. As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy.

2 Evidence of Insurability (EOI) is documented proof of good health. An applicant begins the EOI/medical underwriting process by submitting a Medical History Statement (MHS), which along with other information obtained during the underwriting evaluation is used by The Standard to make the underwriting determination.

3 Guaranteed Issue Life Insurance (GI) is a type of financial-protection policy that provides cash to a named beneficiary upon the insured’s death, which an insurance company will offer to an applicant regardless of health.

This product has exclusions, limitations, reductions of benefits and terms under which it may be continued in force or terminated. Please view the Coverage Highlights (employee paid coverage) for additional information, including costs and complete details of coverage.

Group Life Insurance underwritten by Standard Insurance Company is provided under policy form numbers: GP190-LIFE/S399, GP190-LIFE/ASSOC/S399, GP190-LIFE/TRUST/S399, GP190-LIFE/A997/S399, GP399/LIFE/TRUST, GP899-LIFE.