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Term Life and Accidental Death & Dismemberment (AD&D) Insurance

By BC Life & Health Insurance Company

Blue Cross offers term life and AD&D insurance for your employees along with medical and dental benefits. It is made available through BC Life & Health Insurance Company. Moreover the valuable coverage also proffers your employees by means of shielding their family’s financial future.

Convenience

• Application. It is required that for both health and life insurance one application is more than sufficient.

• Administration. You have an extra convenience of one consolidated monthly bill and less paperwork when you embrace life insurance in addition to Blue Cross medical and dental plans. This may be the easiest life insurance purchase you will make.

• Guaranteed Issue.Coverage is a guaranteed issue up to $50,000 to groups with 11 or more eligible employees. Also groups with a number of 2-10 eligible employees or groups electing to offer more than $50,000 are focused to medical underwriting.

Security

From any source it might be, the life insurance benefit should be payable in the event of death at any time. The AD&D feature pays an additional benefit if death results from an accident. The total obtained is equal to the amount of the death benefit, subject to exclusions and limitations.

Strength

BC Life & Health Insurance Company is rated “A” (Excellent) by AM Best and "A+" (Excellent) by Standard & Poor’s. These ratings symbolize the independent opinions of two of the insurance industry’s most respected rating agencies. You can even provide this valuable benefit knowing that it is backed by the strength and stability of one of the most respected names in the industry.

Blue Cross of California’s affiliate, BC Life & Health Insurance Company is offering the first year of the Premium Only Plan (P.O.P) FREE to medical groups with ten or more lives that take life benefits.

You may choose one of the following term life employee benefit options:

*The job title descriptions shown are examples. You may use them as a guideline, or prepare your own. There must be at least one person in each class (job description). Only one benefit schedule may be offered. Benefit amount for Class I cannot exceed $250,000 per employee and cannot exceed 2.5 times benefit amount for Class II. **All employees in Salary Based Life Insurance must have the same salary schedule.

In addition to the employee insurance, we offer the following two dependent life options:

• $10,000 spouse, $10,000 children six months to 19 years (age 24 if full-time student), $1,000 for children under six months of age. This option only available if employee life benefit is $20,000 or more.
  
• $5,000 spouse, $5,000 children six months to 19 years (age 24 if full-time student), $500 for children under six months of age.

The AD&D and Accelerated Death Benefit are not available on either of the dependent life insurance options.

Additional Employee Term Life Benefits***

Accelerated Death Benefit

The Accelerated Death Benefit provides additional security at a time when your employees may need it most. This benefit advances up to 50 percent of the death benefit to an insured, while living, if diagnosed with a terminal condition with 12 months or less to live.

Additional AD&D Benefits***

Accidents can come about at any time – so often previous to your employees have had time to prepare for their family’s future – we provide the following benefits in addition to the loss-of-life benefit:

Eligibility

Contributions and Participation

• The employer must contribute at least 25 percent of the total cost with a minimum of 75 percent employee’s participation who are eligible.
  
• Guaranteed issue coverage entails 100 percent eligible employee participation.
  
• If the employer pays 100 percent of the coverage cost, all eligible employees should enroll.
  
• Only if the employee is paying some part of the premium, an average of 75 percent of every eligible employee with dependents must be enrolled and maintained in the dependent life coverage.

*** See your Certificate for Exclusions and Limitations. For a copy of the Certificate please call (800) 627-8797.