How It Works

Policy features

• Voluntary, individual coverage is available for employees, with multiple family coverage options offered.
• Policy is now guaranteed issue to all eligible employees, spouses and participants with existing coverage except for those that were previously denied coverage through medical underwriting.
• No physical exams are required to apply for coverage. Policy issue may depend upon answers to health questions contained in the application when applying for coverage amounts in excess of the guaranteed-issue limits.
• Premiums are guaranteed level based on your age at the time of policy issue and do not increase due to age.
• Cash value is based on a tabular rate of 4.5%.
• The policy contains a reduced paid-up provision, which allows you to use your accumulated cash value to purchase a smaller, paid-up policy with no further premiums due.
• Coverage may be continued as long as sufficient premiums are paid.
• A Living Benefit Option rider is automatically included at no extra premium on all policies. This feature allows the policy owner to request up to 100% of the death benefit (to a maximum of $150,000) if the insured is diagnosed with a medical condition that limits life expectancy to 12 months or less. Any payout reduces the death benefit.
• The policy is individually owned, which means you can take the policy with you should you retire or leave the District.

NOTE: This benefit is only available during open enrollment. You must meet with a Benefit Counselor to enroll in this benefit.

Contact information

Unum Whole Life Insurance
Group# 40033
Mon. – Fri., 8 a.m. – 8 p.m. ET
1-800-635-5597
www.unum.com

The policy or its provisions may vary or be unavailable in some states. The policy has exclusions and limitations which may affect any benefits payable. Unum Corporation complies with Act 91, the Vermont Civil Union Endorsement Law and the California Insurance Equity Act.

Unum is the marketing brand of Unum Corporation’s insuring subsidiaries. Provident Life and Accident Insurance Company,
1 Fountain Square, Chattanooga, TN 37402

Whole Life Weekly Premium Limits