Child Life Insurance provides coverage in case of your
dependent child or children’s death. My
Choice offers the following coverage options:
|
|
Coverage |
|
Option 1 |
No
Coverage |
|
|
|
|
Option 2 |
$5,000 |
|
|
|
|
Option 3 |
$10,000 |
|
|
|
|
Option 4 |
$20,000 |
The following is a further description of
some of the specific elements of your Child Life Insurance plan.
|
g
Beneficiary |
■
You may change your beneficiary at any time by
written notice to your Employer, subject to any policy or legal limitations. |
|
g
Waiver
of Premium |
■
If you become eligible for Waiver of Premium
under the Life Insurance benefit your premium for Child Life insurance will
also be waived. The amount of Child
Life insurance for which premiums will be waived will be the amount in force
on your date of disability. ■ Waiver
of premium terminates at age 65 or earlier retirement. |
|
g
Evidence
of Insurability |
■
This is not required for this benefit. |
|
g
Termination
of Benefit |
■ The
date you attain age 65 or earlier retirement, or the child attains the
limiting age for coverage as explained in Definition of Terms, whichever is
earlier. |