54 FINANCIAL WELLNESS Whole Life Whole life insurance, offered through Unum, extends protection beyond your working years — potentially for your lifetime. With a guaranteed death benefit that will never decrease, level premiums that will never increase, cash value accumulation, living benefits and other options, Whole Life goes beyond typical term life insurance. Rates are shown on the enrollment website. Quick Facts ELIGIBILITY • F ull-time and part-time benefit-eligible employees are eligible on date of hire or when approved by carrier OPTIONS • $ 5,000 to $300,000 for employee coverage, $5,000 to $75,000 for spouse/registered domestic partner coverage and $5,000 to $50,000 for child(ren)/grandchild(ren) coverage COVERAGE TIERS • Employee • Spouse /registered domestic partner • Child(ren) ENROLLMENT/CHANGES • Y ou may enroll through Benefit Communications, Inc. (BCI) online at www.electbenefits.com/scripps • T o make coverage changes, call Unum at 800-635-5597 • E vidence of insurability may be required in certain situations • T o ensure compliance with the NY requirement of a personalized preliminary information form to be provided at time of enrollment, individual Whole Life must be enrolled on plane.biz, Unum's proprietary enrollment system. The required form is based on the employee's age and benefit amount selected and therefore cannot be prepared in advance of the enrollment. If you would like to enroll in Unum Whole Life Insurance, please call the Benefits Contact Center at 888-659-2573 to review options available to you. RESOURCES • Benefit Communications, Inc. (BCI) – 888-659-2573: for questions about coverage or assistance accessing the enrollment website • Unum – 800-635-5597: for coverage questions or to submit a claim Note: Scripps is not a plan sponsor or fiduciary for whole life insurance, and it is not covered under ERISA. Scripps does not endorse, recommend, or guarantee this coverage or the accuracy of any of the statements made in the carrier’s printed materials or website. Plan Highlights • Provides guaranteed death benefits that never decrease along with premiums that never increase. • Your policy earns interest, or "cash value," at a guaranteed rate of 3.75%. You can borrow from that cash value, or buy a smaller, paid-up policy with no more premiums due. • Employee and spouse/registered domestic partner premiums are based on age and tobacco use status. • Your options are flexible, so you can select the insurance protection and cash value components that meet your needs and make changes as necessary. • Once you have been approved for coverage, your premiums and coverage remain the same unless you choose to adjust them. • If you leave Scripps, you can continue coverage on a direct home billing basis. • A living benefit feature allows you to request an early payout of your policy's death benefit if you're expected to live 12 months or less (24 months in Massachusetts, Illinois, Kansas and Washington). Eligibility To be eligible for coverage, employees and spouse/domestic partners must be between the ages of 15 and 80. Your spouse/domestic partner and/or children and grandchildren can have individual coverage, even if you don't elect coverage for yourself. Evidence of Insurability Evidence of insurability (medical questionnaire) is required for coverage amounts in excess of the following guaranteed issue amounts: Employee: $150,000, Spouse/ registered domestic partner: $25,000, Child: $25,000. If you elect at least $5,000 of coverage for yourself, you can increase your coverage in the future up to the full guaranteed issue amount without you having to complete a medical questionnaire. Underwritten by Unum Life Insurance Company of America, Portland, Maine. The policy has exclusions or limitations which may affect any benefits payable. See the actual policy for specific provisions and details of availability.
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