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Plan Description
ING Reliastar > Basic Life Plan
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Note: This page contains a brief summary of coverage. It does not
state all provisions and limitations of the plan. The terms and provisions of
each plan, as outlined in the plan document, will determine coverage and
eligibility.
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Broker Name:
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ING Reliastar
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Policy Number:
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34512435
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Original Plan Effective Date:
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12/11/2002
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Rate Guarantee Expiration Date:
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12/11/2002
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Plan Anniversary Date:
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12/11/2202
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Division:
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All Divisions
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Location:
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California
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Employee Classes:
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Full Time
Manager
Officer
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General Plan Information
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Base Plan Benefit
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1 x Salary
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Base Maximum Benefit
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$300,000.00
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Base Minimum Benefit
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$10,000.00
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Buy-up Benefit
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1 x Salary
2 x Salary
3 x Salary
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Buy-up Maximum Benefit
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$500,000.00
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Guarantee Issue
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$300,000.00
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Accelerated Benefit
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Included: up to a maximum of $250,000 or 75% of the insured person's life coverage, whichever is less
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Portability
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Included
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Airbag Benefit
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Included
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Seabelt Benefit
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Included
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Reduction of Benefits Schedule
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Age Reduction percentages are Cumulative.
Age Reduction percentages are a percentage of the original benefit.
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Years of Age
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% Reduction
(of original benefit)
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Reduction 1
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65
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35%
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Reduction 2
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70
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40%
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Reduction 3
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75
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35%
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Reduction 4
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80
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30%
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Reduction 5
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85
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25%
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Reduction 6
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90
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10%
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Other Examples
Waiting Period Information
Eligible employees are eligible as of the 1st of the month following the employee's hire date.
Termination of Coverage Information
When a plan participant is terminated from the company, the plan coverage ends on the last day of the month following the employee's termination date.
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(per month)
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Base Rate:
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$0.15
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Base Plan Rate Type:
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Per $1,000 of benefit
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Base Plan Contribution:
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Employee contributes 0% per month.
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Other examples
ING Reliastar
http://www.ing.com
Member Services
John Carpet
2301 John St. West
Chicago, IL 48226
(212) 225-5890
Fax 345-133-4433
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