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To apply for coverage on your spouse and/or dependant children,
you must be a full-time employee actively at work at the time of application
and for the first payroll deduction.
Spousal Coverage
 Your
spouse is eligible to apply for coverage amounts on a qualified issue basis
as identified in your plan design by meeting eligibility requirements.
Child Coverage
Your dependent children and grandchildren under 25 years are eligible
for coverage amounts based on the following:
 A $10,000
individual universal life insurance policy is available to both dependent
children and grandchildren, ages 15 days through 24 years, by meeting eligibility
requirements. A $25,000 individual universal life insurance is available;
however, additional underwriting will be required.
For New York residence:
Grandchildren who are residents of New York state and under the age of
14 1/2 are not eligible.
For New Jersey residence:
A life insurance policy is available for $1.00 or $2.00 a week, depending
on the child's age. Coverage is available for children ages 15 days
through 17 years for $1.00 a week by meeting eligibility requirements.
A life insurance policy is available for children ages 15 days through
24 years at $2.00 a week; however, additional underwriting will be required.
A children's
term insurance rider - available in benefit amounts of $2,000 through $10,000
- can be attached to your policy or your spouse's policy. This rider
insures all of your dependent children ages 15 days through 24 years.
Once again the child reaches the policy anniversary after his or her 25th
birthday, the insurance can be converted to a permanent individual life
insurance policy up to five times the term coverage without evidence of
insurability. The new individual policy must be for at least the
minimum amount issued for the policy plan selected.
Other policy options may
be available to complement your universal life insurance coverage.
Ask us at IBS for complete details.
If you are serious about finding solutions,
please contact us at:
Integrated Benefits
Services, Inc.
93 Case Street, Canton,
Connecticut 06019
Tel. (860) 693-6725 - Toll Free (888) 909-IBSI (4274)
Fax (860) 693-9475
If you have any questions or
need further information on any of our services, please fill-out our
Information Request Form or
E-mail us at
services@ibsbeneflex.com
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