Life and AD&D
800-268-2525
Basic Life & AD&D Insurance
Associates are provided a company-paid group life and accidental death and dismemberment (AD&D) insurance . The benefit coverage is equal to $100,000. Additionally, life insurance is paid and provided for spouses at $10,000 and child(ren) at $5,000 each. Children must be 6 months old to receive the full benefit.
Voluntary Life & AD&D Insurance
Associates who want to supplement their group life insurance benefits may purchase additional coverage for themselves, a spouse and covered dependents. All enrollments by current associates who do not elect during their initial New Hire Can now enroll up to the Guarantee Issue amount without completing an Evidence Of Insurability (EOI). Any amount elected over the Guarantee Issue amount is still subject to the EOI. The EOI can be accessed electronically here.
Who is Eligible and When
Active associates working a minimum of 30 hours per week are eligible for both Basic and Voluntary Life coverage. Voluntary Life coverage can also be elected for spouse and dependent children. The coverage is effective the first of the month following date of hire. Benefit coverage amounts reduce at the beginning of the policy year following age attainment. Associate coverage reduces to 65% at age 70, 55% at age 75 and 30% at age 80. Associate coverage terminates at retirement. Spouse coverage terminates when the Associate turns age 70.
|
Maximum Benefit |
Increments |
Guaranteed Issue Amount
|
|
Associate |
5x salary up to a maximum of $500,000
|
$10,000 |
$200,000 |
Spouse |
Up to 100% of associate coverage amount not to exceed $500,000 |
$5,000 |
$50,000 |
Dependent Children – up to age 19 or 26 full-time student |
Up to 100% of associate coverage amount not to exceed $10,000 per child |
$2,000 |
N/A |
Note: In order to elect Life/AD&D coverage for a spouse or child, associates must elect coverage for themselves.
Complete information on life and AD&D benefits can be found in the Mariner Wealth Advisors, LLC Health Care Plan Summary Plan Description and SPD Supplement on the Annual Notices Page.
Overview
Voluntary Life Summary
Group Life Summary
Resources
Forms
Voluntary Life Portability Application
Group Life Conversion Application
Group AD&D Conversion Application
Frequently Asked Questions
FAQ - Display Set to None
New Medical cards can be ordered through your online portal at www.mycigna.com. You also have access to a mobile ID card through the MyCigna Smartphone App.
I recently moved, how can I update my address?
Your address can be updated directly through ADP (www.workforcenow.adp.com). After logging in you will go to “Myself” –> “My Information” -> “Profile”. From there you can update all personal information, including your address by clicking on the “View More” icon in the Personal information Section.
After you update your address in ADP, it will update with all benefit providers.
I am getting married, can I add Life coverage for my new spouse?
Getting married is considered a Qualifying Life Event (QLE). You have up to 30 days after the Qualifying Life Event to make changes to your benefit elections, including canceling your coverage, or adding Life Insurance coverage for your new spouse. If you want to make any additional changes, you can do so directly through ADP.
Coverage for your spouse will begin on the first of the month coinciding with or following your marriage effective date. Coverage is only available for your spouse if coverage is approved for you.
In order to activate the work event in ADP, we require a signed marriage license.
Do I need to designate a beneficiary?
A beneficiary should be designated from the enrollment screen in ADP. A beneficiary can be an individual or an organization (such as a Trust).
FAQ - Display Set to None
Is my Domestic Partner Eligible for Life Insurance Coverage?
Our Life Insurance plan does not allow enrollment for girlfriends, boyfriends, siblings, domestic partners or grandchildren (unless adopted by you).
I am leaving the plan, when does my coverage end?
Coverage will end the last day you are an active participant on our plan.
When is my child no longer eligible for Life coverage with Mariner?
Dependents are eligible to maintain coverage on our life plan until the end of the year in which they turn 21 (26 if considered a full time Student). This includes children who are married or have employment elsewhere. Continuation of coverage under the Mariner plan can be ported to a direct bill or converted to a whole life plan.