Life Insurance Actives and Retirees

What are all the types of life insurance plans offered?

What is the most popular life insurance type and does it have a cash value?

Why is whole life insurance normally bought and does it have a cash value?

What life insurance type is provided by most employers and does it have a cash value?

What is Portability?

What is the upper limit of group LI ported to term LI?

How long do participants have to begin the process of porting?

What is Conversion?

Does the resulting whole life policy incur cash value?

How long do participants have to begin the process of porting?

When is Evidence of Insurability (EOI) needed?

True or false: Benefit deductions will not reflect the update until EOI is completed and approved.

Active LI: What is the carrier for life insurance?

How much does Dow provide for Company-paid life insurance at no cost to employees?

Where do beneficiaries need to be elected through?

What is imputed income?

Employees are responsible to pay taxes on the cost of Basic LI over how much?

If employees elect to reduce company-paid LI to avoid imputed income, where is this case sent and can it be changed again?

Employee-paid LI: The cost is based on what three factors?

True or false: A Statement of Health is required for new hire/newly eligible employees and during certain QLE's.

How much can employees increase LI during OE?

Where must beneficiaries be elected through?

Can employees elect to decrease coverage and if so, when and where?

Once enrolled in the Employee-paid LI, employees and survivors are granted access to what service?

Spouse/domestic partner LI: Who is automatically the beneficiary?

True or false: The spouse/domestic partner doesn't need to be on file to be eligible for this benefit.

Can employees elect to decrease coverage at any time through ESS?

Child LI: Who is automatically the beneficiary?

Do children need to be on file to be eligible for the benefit?

What is the Spouse Employed Provision?

What is COLI?

True or false: You mustn't provide benefit amounts from the SPD to the employee over the phone.

Can requests for written confirmation of benefit amount be assigned to Dow?

What is the carrier for EE VGA?

Who are the beneficiaries for EE VGA?

What plan does the EE need to be enrolled in order to be eligible for Spouse/Domestic Partner VGA?

Dependent children are automatically covered at no additional cost if the EE is enrolled in what?

Who is automatically the beneficiary?

True or false: In Spouse VGA, active employees can cover each other?

Company-Paid LI: When does value decrease?

At retirement, what plans must you choose? Which is the default?

Company-paid LI (special pre-65 optional LI): True or false-Does this plan allow the retiree to purchase 1/2 or 1x base annual salary at the time of retirement if you were enrolled for that amount prior to retirement?

Can you decrease or cancel coverage at any time?

What must you submit in order to enroll at a date later than retirement or increase coverage?

When does coverage end for this special pre-65 optional LI?

Company-paid LI (Post-65 Contributory Life): Beginning on the first month following your 65th birthday, how much will your life insurance equal?

True or false: The retiree can drop this at anytime.

True or false: Once dropped, the retiree will never be able to return and the plan will convert to Plan II non-contributory.

How long do EE and retirees have from the date coverage ends to apply for conversion or portability?

When does Optional LI end?

Depended LI: When are dependents eligible for Dependent LI?

True or false: Retiree can enroll in Dependent LI at any time.

What are the three conditions that coverage of this LI will terminate?

If the EE and SP pass at the same time, where will the LI go to?

Retiree Dependent LI can't be ported into a term life insurance, but can be what?

UCC Retiree LI: How long do you have to enroll in UCC LI?

What happens if you waive coverage?

When is the only time you can enroll in UCC LI?

Who pays for UCC Company-paid LI?

UCC Optional LI: How long do you need to have had coverage under the UCC Basic LI and Dow Employee-paid LI to get UCC optional LI?

True or false: At age 65 or earlier, your early retiree optional LI will be reduced to the retiree LI?

UCC Post-65 LI: How much is the only reduction in coverage for UCC retirees?

UCC Post-65 Contributory LI (type one): What does the plan convert to if you drop this coverage, and when?

What is ABO?