Voluntary Life Insurance
SUMMARY OF BENEFITS


Sponsored by: East Baton Rouge Parish School System Effective date: January 1, 2009

Life Benefit Employee Spouse Dependent
Choice of Package      
Option A: $25,000 $10,000 $2,000
Option B: $50,000 $20,000 $4,000
Option C: $100,000 $30,000 $6,000
Option D: $150,000 $40,000 $8,000
Option E: $250,000 $50,000 $10,000
Option F: $500,000 $100,000 $10,000
  Employees age 70 and older, maximum benefit is $7,500. Employee must elect coverage for spouse to be eligible. Six months to age 19
(to age 25 if full-time student)
$250 Child: 14 days to six months

Newborn children to age 14 days are not eligible for a benefit.
 
Guarantee Issue $250,000 under age 70
$7,500 under age 75
No Guarantee Issue age 75 and older
$50,000 under Employee age 60
No Guarantee Issue Employee age 60 and older
Not applicable

Benefit Reduction Employee Spouse  
Benefits will reduce: To $7,500 at age 70
Benefits terminate at retirement unless eligible for retiree benefits
To $3,500 at employee age 70
Benefits terminate at employee retirement, unless eligible for retiree benefits.
To $750 at Employee age 70

Additional Benefits      
See Definition: Accelerated Death Benefit See Definition: Conversion
See Definition: Portability    

Eligibility Employee Spouse and Dependents
  All full-time active employees working 25 or more hours per week in an eligible class are eligible for coverage. A delayed effective date will apply if the employee is not actively at work. Cannot be in a period of limited activity on the day coverage takes effect.
     


 


 

Definitions
Accelerated Death Benefit When diagnosed as terminally ill (having 12 months or less to live), you may withdraw up to 75% of your life insurance coverage to a maximum of $250,000. The death benefit will be reduced by the amount withdrawn. To qualify, you satisfied the Active Work rule and have been covered under this policy for at least 12 months. Check with your tax advisor or attorney before exercising this option.
 
Conversion If you terminate your employment or become ineligible for this coverage, you have the option to convert all or part of the amount of coverage in force to an individual life policy on the date of termination without Evidence of Insurability. Conversion election must be made within 31 days of your date of termination.
 
Guarantee Issue For timely entrants enrolled within 31 days of becoming eligible, the Guarantee Issue amount is available without any Evidence of Insurability requirement. Evidence of Insurability will be required for any amounts above this, for late enrollees or increase in insurance, and it will be provided at your own expense.
 
Limited Activity A period when a spouse or dependent is confined in a health care facility; or, whether confined or not, is unable to perform the regular and usual activities of a healthy person of the same age and sex.
 
Portability If coverage has been in force for at least 12 months, you may continue coverage for a specified period of time after your employment by paying the required premium. Portability is available if you cease employment for a reason other than total disability. A written application must be made within 31 days of your termination.
 
Term Life Coverage provided to the designated beneficiary upon the death of the insured. Coverage is provided for the time period that you are eligible and premium is paid. There is no cash value associated with this product.
 
Exclusion: Suicide Benefits will not be paid if the death results from suicide within two years after coverage is effective. May apply if employee contributes toward the premium.
 
Additional Benefits
BeneficiaryConnectSM Support services for beneficiaries who have experienced a loss.
 
TravelConnectSM Travel assistance services for employees and eligible dependents traveling more than 100 miles from home.



For assistance or additional information
Contact Lincoln Financial Group at (800) 423-2765 or email clientservices@lfg.com.

NOTE: This is not intended as a complete description of the insurance coverage offered. Controlling provisions are provided in the policy, and this summary does not modify those provisions or the insurance in any way. This is not a binding contract. A certificate of coverage will be made available to you that describes the benefits in greater details. Should there be a difference between this summary and the contract, the contract will govern.

©2008 Lincoln National Corporation

Group Insurance products are issued by The Lincoln National Life Insurance Company (Ft. Wayne, IN), which is not licensed and does not solicit business in New York. In New York, group insurance products are issued by Lincoln Life & Annuity Company of New York (Syracuse, NY). Both are Lincoln Financial Group companies. Product availability and/or features may vary by state. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Each affiliate is solely responsible for its own financial and contractual obligations.