VALUABLE INSURANCE PROTECTION
UnumProvident’s Voluntary Individual Universal Life Insurance can help provide the insurance protection you need, while also giving you the financial flexibility you want. This policy is designed to provide a death benefit to your beneficiaries if you pass away in addition to the life insurance coverage your employer may already be providing for you. For an affordable premium, you can help provide more financial protection for your family — now and into the future.

LIVING BENEFIT OPTION INCLUDED
This feature is automatically included for all eligible employees and spouses between the ages of 15 and 79 and children/grandchildren ages 14 days through 24 years for no additional premium. It provides the option of requesting up to 75% of the policy’s death benefit, to a maximum of $150,000, if the insured is diagnosed with a medical condition limiting life expectancy to 12 months or less. If you have to face a terminal illness, this option can provide additional financial assistance during a difficult time.

CONVENIENT PAYROLL DEDUCTION
Your premiums are automatically deducted from your paycheck, so you don’t have to worry about writing checks or mailing payments.

NO PHYSICALS REQUIRED
If you are actively at work¹, you may apply for coverage by completing a simple application and no physical exams are required! Your coverage becomes effective on the date you sign the application. This means that you will receive the plan and coverage amount you applied for on the application unless it is determined to be unacceptable under UnumProvident’s rules, limits or standards. In such event, the plan and coverage amount may be modified or declined.

Continuation of Coverage
If you retire or leave your company, you can take your policy with you and still pay the same premium. Instead of paying your premiums through payroll deduction, UnumProvident will bill you directly at home.

CASH VALUE ACCUMULATION FEATURE
Voluntary Individual Universal Life Insurance can build cash value that earns interest. The interest rate your policy is credited with will never be less than the guaranteed minimum rate of 4.0%. It is important for you to remember, as with all universal life policies, that the projected cash value of your policy may change over time. Such changes can result from fluctuations in interest rates, scheduled changes in the cost of insurance, or non-payment of premiums, policy loans and loan interest. We encourage you to maintain consistent premium payments and repay any outstanding loans in a timely fashion to avoid an early lapse in coverage or termination of your policy.

ADDITIONAL FEATURES
Accidental Death Benefit Rider
• Available to employees and spouse between the ages of 15 - 65 for an additional premium.
• Provides an additional death benefit equal to the face amount, up to a maximum of $150,000, if the insured dies as a result of an accident before age 70.
• Under certain conditions, the benefit will double if death occurs from injuries sustained while the insured is a fare-paying passenger via commercial transportation.
• Benefits increase by 25% if death occurs from accidental bodily injury sustained while wearing a seatbelt.

Long Term Care Rider
• Designed to provide access to your policy's death benefit to help cover the expenses related to long term care.
• Available at initial offering to employees and spouses ages 18 through 70. All newly eligible adult policies will automatically receive the Long Term Care rider.

FAMILY COVERAGE

• Spouse Coverage
Voluntary Individual Universal Life coverage is available for your spouse based on a qualifying health question. However, no physical exams are required and coverage is available even if you don’t apply for coverage yourself. A few additional health questions may be asked based on the level of coverage being applied for.

• Children’s Standalone Coverage
Interest Sensitive Whole Life is offered to children, stepchildren, legally adopted children and grandchildren between the ages of 14 days and 24 years.

Life is unpredictable. But you can take steps to help protect your family now and into the future with UnumProvident’s Voluntary Individual Universal Life insurance. Ask your benefits counselor for more information and sign up today!

FREQUENTLY ASKED QUESTIONS

Is this same coverage available to an individual not employed at my company?
No. UnumProvident’s Voluntary Individual Universal Life insurance is available exclusively through your employer.

Am I required to apply for this coverage?
No. Your coverage is voluntary, and you decide if it is right for you and your family’s needs. It’s your choice.

Who becomes the owner of the policy?
UnumProvident’s Voluntary Individual Universal Life Insurance policy is just that voluntary and individual. This means that electing coverage is optional, and if you decide coverage is right for you, then you become the owner of your policy.

Does this policy automatically replace any of my existing group insurance coverage?
No. Voluntary Individual Universal life insurance is a supplemental insurance policy and can enhance your group coverage.

May I increase my coverage in the future?
Yes, your coverage can be increased to meet your changing needs. Once you have owned your policy for one year, you may apply for additional coverage up to the maximum amount available for your age.

May I insure my spouse and/or my children even if I don’t participate in this plan?
Yes, coverage is available for your spouse and children even if you choose not to purchase coverage for yourself. Certain minimal underwriting requirements may apply. Ask your benefits counselor for more details during enrollment.

May I take a loan on my policy?
Yes, you may borrow part of your cash value from the policy at an annual interest rate of 8.0% per year.

How will I be kept informed of my cash value?
Each year, UnumProvident will mail you a policy statement outlining what you have paid, how much cash value you have, plus the status of any loans, interest credited and applicable administrative charges. These statements are designed to provide you with a valuable record of your policy activity.

Does my policy have a surrender charge?
If you surrender your policy during the first 10 years of coverage, a surrender charge will apply. Beyond the 10th year, there is no surrender charge. A unique 10- year period applies to each increase in coverage.

Who can I contact if I have questions about my policy after enrolling?
During enrollment, a benefits counselor will be available one-on-one to answer any questions you may have about Voluntary Individual Universal Life Insurance. If you have questions after the enrollment, you may call UnumProvident directly.