Everyone needs life insurance.
Contrary to popular belief, life insurance isn't just for parents. You need life insurance if anyone is financially dependent on you.

You've recently graduated from college.
You may have significant student loan obligations. If something were to happen to you, your loved ones would most likely be forced to shoulder that debt.

You're the parent of small children.
You want to make sure they'll be able to keep the same lifestyle and attend college—even if you're not there to see it happen.

Your grown children are on their own.
But your children may rely on you for support and help around the house. If you weren't there for them, your children would need extra money to pay someone to take care of things you've been managing for them.

Your spouse may be depending on your income for retirement.
But you're not sure your retirement savings is enough to keep up with a rising cost of living if your paycheck stopped. Life insurance can be a smart way to fill the gap.

Like many families, you rely on two incomes to make ends meet.
You'll need life insurance on both you and your spouse. Even if your spouse stays at home, you should consider life insurance on your spouse to cover the cost of hiring someone to take care of the things your spouse generally handles.

You want to be sure your children can protect their futures, too.

Most children's life insurance coverage contains an innovative feature that allows them to convert their term life protection to a permanent life insurance plan at a higher premium when they become adults. This ensures that your children can protect their own families—no matter what health problems they may develop.

This voluntary program is underwritten by Connecticut General Life Insurance Company and provided by New York Life Group Benefit Solutions (NYL GBS).

You can enroll if you:

• Are a regular full-time or a regular part-time working at least 20 hours per week within 90 days of service.
• Are actively at work on both the date the enrollment form is signed and the effective date of coverage.
• Meet the eligibility requirements on the enrollment form.
• Are a U.S. citizen or U.S. permanent resident.

 

You can also enroll these family members:

• Your spouse/domestic partner, ages 18 to 99
• Your eligible children, ages 14 days to 23 years

You can enroll anytime!

At certain times you may be allowed to enroll in the Group Universal Life plan by not completing as many questions. These times include:

1. Within 90 days of your initial eligibility date.
2. During special enrollment periods as offered by your employer and the insurance provider.
3. Within 90 days of marriage for spouse coverage.
4. Within 90 days of the birth or adoption of your first child for child coverage. Coverage for a newborn will begin when the child is 14 days old, however the application for coverage could be received immediately following the birth. 

If you do not apply for yourself and your eligible family members during your initial eligibility date or during a special enrollment period, you will be required to answer a more comprehensive health questionnaire and be approved by the insurance company before coverage can begin.

 

If you apply when first eligible:

• For full-time and part-time employees working at least 20 hours per week, you can enroll in coverage up to 1 times your annual base pay to a maximum of $80,000 in life benefits on a guaranteed-issue basis. You can enroll for coverage from 1 times to 3 times your base pay to a maximum of $300,000 by favorably answering a few health questions.
• You can apply for up to $100,000 for your spouse/domestic partner by successfully answering a few health questions.
• You can apply for $10,000 or $20,000 for your children with no health questions. 

Your cost is based on several factors including your age, any special features you select, and the amount of coverage you want. Also, you may be eligible for a premium discount if you do not use tobacco. While an active employee, you will be billed directly for your cost of coverage at the group rates. See the rate chart below for rate information.

Monthly Cost of Insurance Rates for Active Agilent Technologies, Inc. Employees*
Cost Per $1,000 Coverage Unit

Age** of Adult	Employee and Spouse/Domestic Partner Smoker/Tobacco Rates	Employee and Spouse/Domestic Partner Non-Smoker/Non-Tobacco Rates
<25	$0.032	$0.024
25-29	$0.032	$0.024
30-34	$0.039	$0.035
35-39	$0.071	$0.050
40-44	$0.091	$0.076
45-49	$0.131	$0.111
50-54	$0.200	$0.172
55-59	$0.308	$0.266
60-64	$0.577	$0.492
65-69	$0.879	$0.754
70-74	$1.621	$1.395
75-79	$2.071	$1.778
80-99	$3.963	$2.225

 

*These rates apply to employees who are actively working at Agilent Technologies Inc. or one of its participating subsidiaries on disability leave, or on leave of absence.

** Use age as of the prior January 1.

The additional rate for Accidental Death Benefit (ADB) is $0.03 per $1,000 of coverage through age 69. The ADB discontinues on January 1 following the insured’s 70th birthday.

The additional rate for child coverage is $1.38 per month per $10,000 of coverage. This rate covers all your eligible children, regardless of the number of children covered.

When you leave or retire from your current employer, you can continue your coverage without interruption as long as the group policy is in effect, subject to applicable law and the policies' terms and conditions. Optional payment methods include direct checking or bank account deduction, credit card billing or home billing. You will be billed directly for your cost of coverage at portable rates. Portable rates may be higher.

Perhaps the best advantage of Group Universal Life Insurance is the availability of a special interest-bearing, tax deferred account. Withdrawals are often paid out tax-free. You can access the money whenever you want and for whatever you want. You can also take a loan against the value in your cash fund and continue to earn interest on the borrowed amount. Minimum withdrawal amount is $500.

In addition to the advantages of this plan over other life insurance options, this plan offers even more special benefits:

• Nonsmoker rates: Reduced rates are available if the insured has not smoked or used any form of tobacco for 12 consecutive months prior to the date you complete the enrollment form. (If the insured qualifies at a later date, you may change your rate to nonsmoker by completing a smoker change form.)
• Automatic Coverage Increase: Your employee coverage will automatically increase annually by annual base pay. If you would like to opt out of this feature you must contact Mercer Voluntary Benefits.
• Accelerated Benefit Rider:
  • An advance payment of your life insurance benefits is available if you are diagnosed with a terminal illness with a life expectancy of 12 months or less (or if confined to a nursing or custodial care facility for life due to a condition defined in the policy).
  • You can request payment up to 75 percent of your coverage amount.
  • Advance payment permanently reduces the death benefit.
  • Premiums must continue to be paid on the remaining coverage amount after an advanced payment.
  • This benefit is available to you and your covered spouse/domestic partner.
• Accidental Death Benefit: You and your spouse/domestic partner also have the option of choosing the Accidental Death Benefit for additional coverage. It allows your beneficiary to receive an amount equal to the optional life insurance coverage amount if death occurs as a result of a covered accident. This benefit will discontinue on the program anniversary date following the insured’s 70th birthday.
• Paid Up Life Insurance: You may purchase a paid-up life insurance policy equal to your insurance coverage at any time. You will then own the coverage for the rest of your life with no additional premium payments. Contact Mercer Voluntary Benefits for information.
• Children's Portability Privilege: When your child is no longer an eligible dependent, he or she can apply for an increase in coverage up to 5 times the amount of the children's rider not to exceed $50,000, as long as the group policy is still in effect. The child will be issued a Group Universal Life certificate and will be eligible to contribute to a cash fund. The request for coverage must be made by writing to Mercer Voluntary Benefits within 90 days of the date the child is no longer an eligible dependent.
  
  Coverage may be continued for a disabled child as a rider to the existing adult Group Universal Life certificate. The dependent rider may remain in effect as long as the employee or spouse/domestic partner maintains coverage. Please contact Mercer Voluntary Benefits to request continued coverage for a disabled child.

If evidence of good health is required...
Coverage is effective on the first of the month after coverage is approved by Connecticut General Life Insurance Company.

If evidence of good health is not required...
Coverage is effective from the date the enrollment form is signed.