Standard Insurance Company
Supplemental Life Insurance

No obligation to purchase any product is implied and the College assumes no responsibility of the representation or quality of the products offered.

Supplemental Life Insurance is now available to people currently covered by a Standard Group Life Insurance plan.  The value of life insurance is well established.  Most people do not have enough of it to adequately protect their families.  Cost is usually the reason.  But, with Supplemental Life, you now have the opportunity to add to your financial security at an affordable price.

Important Benefits

• You apply for the amount that's right for you from a wide range of possibilities (from $30,000 to $300,000 in $10,000 increments).
• Take advantage of purchasing power of group rates.
• Pay premiums through convenient payroll deduction.
• Convert to individual permanent insurance without Evidence of Insurability, if eligible and defined by your basic Group Policy.
• If eligible, you have the availability of Waiver of Premium (or Continued Life Insurance) in the event of total disability (if your basic Group Policy contains this provision). 
• Certain occupations are restricted from participation in this Supplemental Life Plan.  Please contact your employer or Group Representative for information.

Becoming Insured
You must meet certain requirements to be eligible for Supplemental Life.

• Be a Member as defined in the basic Group Policy, and
• Be insured for basic Life Insurance under that policy.

To become insured, you must meet the eligibility requirements, and you must submit and have approved Evidence of Insurability.  In signing the Enrollment Card and Evidence of Insurability form, you are formally applying for the insurance and authorizing any necessary payroll deductions to cover the cost of your Supplemental Life Insurance.  Your Supplemental Life Insurance will become effective on the date Standard approves your Evidence of Insurability, provided you meet the Active Work Requirement.

Amounts and Costs
Supplemental Life gives you flexibility in meeting your life insurance needs.  You may apply for any amount from $30,000 to $300,000 as long as the amount is a $10,000 increment ($30,000, $40,000, $50,000, etc.).

Your cost for each $10,000 of Supplemental Life is shown below and is based upon your age.  The monthly premium will be paid through payroll deduction.

Your Age Group as of January 1	Your Monthly Cost per original multiple of $10,000 of Supplemental Life before reduction
Under 30	$  1.00
30 through 39	$  1.10
40 through 44	$  2.20
45 through 49	$  3.90
50 through 54	$  6.40
55 through 59	$  9.90
60 through 64	$14.80
65 or over	$22.30
At age 70, there is a graded reduction in benefits per each 5 year age group as shown in the following table:
Age Percentage of Chosen Amount Maximum Amount After Reduction 70 through 74 65% $195,000 75 through 79 45%   135,000 80 through 84 30%    90,000 85 through 89 20%    60,000 90 through 94 15%    45,000 95 or over 10%    30,000

If you elect to increase the amount of your insurance, you must provide satisfactory Evidence of Insurability and meet the Active Work requirement before any change will become effective.

An insured's age on January 1 determines the amount of premium for the rest of the calendar year.

Waiver of Premium
If you become totally disabled while insured and before your 60th birthday, your Supplemental Life may be continued during total disability without payment of premiums.  This benefit is subject to the terms of the Basic Group policy.  Any Supplemental Life continued during total disability will automatically end on your 70th birthday.  Not all group policies contain Waiver of Premium provisions.  Please refer to your Certificate.

Accelerated Benefit
Many of Standard's Group Life insurance policies may include an Accelerated Benefit provision for insured members, provided that the policy contains a Waiver of Premium provision.  An insured member may apply for the Accelerated Benefit if that person is insured for at least $10,000 of Life Insurance, is eligible for Waiver of Premium and is certified by a Physician as being terminally ill with a life expectancy of less than 12 months.

The maximum Accelerated Benefit is 50% of the member's Life Insurance or $250,000, whichever is less.  The minimum Accelerated Benefit is 10% of the Member's Life Insurance or $5,000, whichever is greater.

The Accelerated Benefit provision is subject to state variations and is not approved in all states.  Contact your employer or Standard Insurance Company group Representative for more information.

Conversion -- If your Supplemental Life ends or is reduced for any reason other than your failure to pay your premium, you may have a right to buy an individual policy of permanent life insurance without submitting Evidence of Insurability (during a 31-day conversion period).

Exclusions
Until your Supplemental coverage has been in effect for two years, Supplemental Group Life Insurance does not cover death which is caused or contributed to by suicide or intentionally self-inflicted injury, while sane or insane.  This exclusion also applies to any increase in Supplemental Life, until the increase has been in effect for 2 years.*

When Insurance Ends
Your Supplemental Life Insurance will end on the earliest of the following dates:

• The date your Basic Life insurance ends.
• The date the basic Group Policy terminates, unless you qualify for Waiver of Premium (or Continued Life Insurance).
• The last day of the last period for which you made the required contribution for your Supplemental Life Insurance.

Supplemental Life for Your Spouse
You can now apply for Supplemental Life on your spouse in an amount equal to any multiple of $10,000, from $30,000 to one-half the amount of your Supplemental Life.  Reduced coverage is available for your spouse after age 70.

Your spouse's Supplemental Life will become effective once his or her Evidence of Insurability is approved, provided you are already insured for Basic Life Insurance under the Basic Group Policy.  Supplemental Life on your spouse has the following features:

• If you become Totally Disabled, the amount of Supplemental Life on your spouse which has been in effect for one year prior to your disability will be continued without premium payment while you qualify for Waiver of Premium under the Basic Group Policy.  Continued Supplemental Life on your spouse will end no later than the date you or your spouse becomes 70 years of age.

• If Supplemental Life on your spouse ends for any reason other than your failure to make the required premium contribution, your spouse will have a right to buy an individual policy of life insurance without submitting Evidence of Insurability.  The maximum amount of the individual policy of life insurance will be the amount of Supplemental Life that ended.

• Supplemental Life on your spouse is subject to the same Exclusions as your Supplemental Life.

• The death benefit from Supplemental Life on your spouse will be paid to you, if you are living.  Otherwise, the death benefit will be paid in equal shares to your children, if living, or if there are no children, to your parents, if living, or if there are no children or parents, to your estate.

• Premium rates, and changes in premium rates, for Supplemental Life for your spouse are calculated per the age of your spouse using the same table as for Members.

• Supplemental Life for your spouse will end on the earliest of the following dates: (a) The date your Life Insurance ends; (b) the date of your death; (c) the date your spouse becomes a full-time member of the armed forces of any country; (d) the date of your legal separation or divorce from your spouse; (e) the date the Group Policy ends; (f) the last day of the last period for which you made the required contribution for Supplemental Life for your spouse.

• Supplemental Life for your spouse is not allowed under the laws of certain states.  Please check with your Group Representative.

*Subject to state requirements

This is not a complete description of your Supplemental Life Insurance coverage.  The controlling provisions are in the basic Group Policy and the amendment which provides Supplemental Life Insurance.  This description does not modify those documents or the insurance in any way.  If your Evidence of Insurability is approved, you will receive a Supplemental Life Insurance Certificate.  That Certificate, plus your basic Life Insurance Certificate, will provide a more detailed description of the coverage.