Basic and Optional Life Insurance, and AD&D, and Disability (Union)

Genesis Alkali provides full-time employees with a variety of insurance plans to provide replacement income to you or your beneficiaries in the event of accident, or death. We recognize that your benefit needs are unique and Genesis Alkali pays the full cost of some benefits, while offering the opportunity to participate in voluntary benefit plans that can also help meet your specific needs.

For plan policies/Summary plan descriptions, click here.

Basic Life Active Union Employees
Definition of Earnings Base Annual Earnings not including bonus, commission, overtime pay or any other extra compensation.
Coverage Amount 1X to $2,000,000
Guaranteed Issue Amount 1X to $2,000,000
Employee Contribution % 0%

 

Optional Life Active Union Employees
Coverage Amount An amount equal to one, two, three, four, five or six times Annual Earnings. If not a multiple of $1,000.00, this amount will be rounded to the next higher multiple of $1,000.00. This amount may not exceed $2,000,000.00. The minimum amount is $10,000.00.
Guaranteed Issue Amount $750,000
Employee Contribution % 100%

 

Optional Dependent Life Active Union Employees
Spouse Coverage Amount Options: $10,000; $20,000; $50,000; $75,000; or $100,000
Spouse Maximum Benefit SP coverage cannot exceed 100% of EE Basic Life and/or Optional Life
Spouse Guaranteed Issue Limit $50,000
Definition of Spouse Does not include same and opposite sex domestic partners
Child Coverage Amount $10,000
Child Maximum Benefit CH coverage cannot exceed 100% of EE Basic Life and/or Optional Life
Definition of Child Live birth to age 26
Dependent Coverage Requirements SP & CH coverage cannot exceed 100% of EE Basic Life and/or Optional Life

 

Basic AD&D Active Union Employees
Coverage Amount Match Basic  Life Benefits
Definition of Earnings Base Annual Earnings not including bonus, commission, overtime pay or any other extra compensation.
Employee Contribution % 0%

 

Optional AD&D Active Union Employees
Employee Coverage Amount An amount equal to one, two, three, four, five, or six times Annual Earnings. If not a multiple of $1,000.00, this amount will be rounded to the next higher multiple of $1,000.00. This amount may not exceed $2,000,000.00. The minimum amount is $10,000.00.
Spouse Coverage Amount An amount equal to 60.00% of the Covered Employee’s elected amount. If not a multiple of $1,000.00, this amount will be rounded to the next higher multiple of $1,000.00. This amount may not exceed $500,000.00.
Definition of Spouse Does not include same and opposite sex domestic partners
Child Coverage Amount An amount equal to 15.00% of the Covered Employee’s elected amount. If not a multiple of $1,000.00, this amount will be rounded to the next higher multiple of $1,000.00. This amount may exceed $100,000.00.
Definition of Child Live birth to age 26
Dependent Coverage Requirements SP & CH coverage cannot exceed 100% of EE Basic AD&D and/or Optional AD&D

 

Long Term Disability Active Union Employees
Benefit Amount 50% / 60%
Maximum monthly benefit $10,000 / $15,000
Minimum monthly benefit Greater of $100 per month or 10% of earnings
Benefit Duration To Social Security Normal Retirement Age with ADEA I
Recurrence Period within 6 months
Elimination Period 6 months

 

Evidence of Insurability (EOI) is required for certain amounts, if you enroll after your initial eligibility period or enroll your spouse.

Age reductions may apply to life insurance amounts.

 

Genesis Alkali Union – EOI – Evidence of Insurability Form

 

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