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Universal Life Extra Insurance
2012 Open Enrollment Schedule
Issued by Symetra Life Insurance
Company
Universal Life Extra is a flexible premium universal life insurance policy with a No Lapse Endorsement which guarantees coverage will stay in force for the life of the insured as long as the minimum premiums are paid. If the insurance amount remains unchanged, policy premiums remain level regardless of fluctuating interest rates and costs of insurance.*
The individual life insurance policies that are available during this open enrollment offer valuable protection for your family. The open enrollment allows you to obtain life insurance protection at guaranteed standard risk rates (no medical exam required).
Amounts of
Insurance
During the Open Enrollment period, you may apply for any amount of insurance you wish, up to four times your salary, with a maximum limit of $250,000. Employees between the age of 66 and 70 are eligible for a maximum of $25,000. The new amount of coverage plus any amount of Guaranteed Issue Permanent Life Insurance previously issued to you by the Company cannot exceed the lesser of four times salary or $250,000. Your spouse may be eligible for up to $50,000 in Guaranteed Issue coverage, if you have an in force policy; or are applying for one of the same amount or higher.
Larger amounts are available for you, your spouse and dependent children on the same rate basis by providing evidence of insurability, satisfactory to the company.
Eligibility
If you are a full-time employee in a benefit-eligible position or a part-time employee with 0.75 FTE in a benefit-eligible position, age 70 or under, you may purchase a Guaranteed Issue policy, provided you are actively at work on the date of application and on the date the coverage is scheduled to take effect. If you are age 71 or older, or you apply outside of the Open Enrollment period, you may still apply for this insurance, subject to the Company's normal underwriting requirements.
Individual Policies
When you receive your selected individual life insurance policy, control of the policy will rest entirely with you. If you should change employment or retire, payment may be continued to the Company on an individual premium basis. At that time you will receive full credit for all previous payments made, the level premiums in the policy will not increase and no conversion will be necessary.
Additional Benefits
These
benefits are included in every policy:
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Accelerated
Benefits Option: A Living Benefit that pays up to 100% of the policy's
available death benefit in advance if the insured is diagnosed as
terminally ill. |
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Safety
Benefit: An additional $10,000 death benefit paid if the insured dies in a
motor vehicle accident while wearing a seatbelt, to promote automobile
safety. |
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Transportation
Benefit: An additional $5,000 death benefit paid to help cover the cost of
transporting a deceased insured back to their principal residence. |
Our experienced
representatives will be available to quote premiums and thoroughly explain the
benefits on all available products.
*No Lapse
Endorsement (NLE) is automatically included on all policies issued with
death benefit option A that do not include a sub-standard rating, Guaranteed
Insurability Option (GIO) or Accidental Death Benefit (ADB).
Note: The
life insurance products are offered by the Gabor Agency Inc, a licensed
insurance agency and Symetra Universal Life Extra is a flexible premium universal life
policy issued by Symetra Life Insurance Company, 777 108th Avenue
NE, Suite 1200, Bellevue, WA 98004, policy form number L-9994-10/07 FL.
Symetra Life Insurance Company and the other subsidiaries under Symetra Financial Corporation are not affiliated with the Gabor Agency, Inc.
For more information, contact the Gabor
Agency at (800) 330-6115, option 6.
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Securities offered through Symetra Investment Services, Inc
777 108th Ave NE Suite 1200, Bellevue WA 98004
(800) 469-7667
The Gabor Agency, Inc. is not a subsidiary or an affiliate of Symetra Investment Services, Inc.
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The Gabor
Agency, Inc. 3500 Financial Plaza Tallahassee, FL 32312
800-330-6115
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