DeKalb C.U.S.D. 428
DeKalb C.U.S.D. 428
Group Term Life Insurance provides your beneficiaries with a benefit if you pass away during a specific period of time (known as a “term”). With Group Term Life Insurance, your beneficiaries will be paid a benefit if you pass away during the term of the coverage. The term is generally one year, renewing annually with the other benefits that your employer may offer. For a complete description of benefits, exclusions and limitations, refer to your certificate of insurance and riders.
Group Name: DeKalb C.U.S.D. 428
Group Name: DeKalb C.U.S.D. 428
Group Number: 0069899-7
Voya Cares® is not insurance coverage. It is a service offered through the Voya family of companies.
Group Name: DeKalb C.U.S.D. 428
Group Number: 0069899-7
Certificates
Review this document for a complete overview of benefits
How can life insurance help?
Below are a few examples of how your life insurance benefit could be used (coverage amounts may vary):
Why should I enroll through my employer?
Can I purchase coverage for my spouse and child?
If offered, you may purchase coverage for your eligible spouse and children. Refer to your enrollment brochure to learn about eligibility and the available options.
How much does it cost?
The monthly cost of life insurance varies based on your age and how much coverage you want to keep. Please refer to the portability application and rate sheet or contact your employer.
Exclusions and Limitations.
Supplemental Life Insurance coverage has exclusions and limitations from the effective date of coverage or an increase in coverage. This may include a one or two-year suicide exclusion from the effective date of coverage or an increase in coverage. For a complete description of benefits, exclusions and limitations, refer to your certificate of insurance and riders.
This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of insurance and riders. All coverage is subject to the terms and conditions of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern. To keep coverage in force, premiums are payable up to the date of coverage termination. Group Term Life Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies. Policy form #LP14GP or #LP00GP; Certificate form #LC14GP-2; and Rider forms: Spouse Rider: #LR14GP-SPR-2; Children's Rider: #LR14GP-CHR-2; Accidental Death Rider: #LR14GP-AD-2; Accidental Death & Dismemberment Rider: #LR14GP-ADD-2; Accidental Death & Dismemberment Rider: #LR14GP-ADD-3; Continuation Rider: #LR14GP-CNT-2; Total Disability Continuation Rider: #LR14GP-CTD-2; Portability Rider (Select): #LR14GP-PTS-2; Portability Rider (Advantage): #LR14GP-PTA-2; Waiver of Premium Rider: #LR14GP-WOP-2.
Mark and Becky’s lives were busy with work, sports and three children. Mark was the breadwinner and Becky was a stay-at-home mom. Mark had been suffering from recurring headaches and was diagnosed with an inoperable brain tumor. Fortunately for their family, Mark had Group Term Life Insurance through his employer. When Mark passed away, Becky was able to use the life insurance benefit to pay for the remaining home mortgage and cover Mark’s funeral expenses. There was even enough money to support the family while she transitioned to being a single working parent.
Example Expenses
| Total Life Insurance Proceeds | $180,000 |
| Funeral Expenses | $8,000 |
| Remaining Mortgage | $75,000 |
| Remaining Benefit Amount | $97,000 |
This is provided as an example only. It assumes a death benefit in the amount shown. Benefit amounts and actual results may vary.
