Å®Óźϼ¯

EOI's are required if you want coverage beyond the guarantee issue amounts for...

• Employee supplemental life
• Spouse/FIP supplemental life

EOIs are not required for children supplemental life, AD&D, or Basic life insurance (employee only in the amount of $100,000).

Guaranteed issue amounts are based on age:

• Employee under 65 years old = $200,000 
• Employee over 65 years old = $100,000
• Spouse/FIP of an employee under 65 years old = $50,000
• Spouse/FIP of an employee over 65 years old = $20,000

You can request up to these amounts without completing an EOI. Anything above these amounts will required an EOI in order to complete the increase.

 

You will remain at your current coverage amount unless you are below the guaranteed issue when you make your request to cover beyond the guaranteed issue. In this case, we will move you up to the guaranteed issue amount and hold until we have confirmation from Securian that your EOI is approved and accepted. At that point, Å®Óźϼ¯ Benefits will move you up to the EOI approved amount.

Å®Óźϼ¯ Benefits will never increase beyond the guaranteed issue without EOI approval.  Å®Óźϼ¯ Benefits will also never reduce your current coverage if you decide to not complete an EOI or if your EOI comes back as unapproved for the increase. In these cases you remain at your current level. For example, an employee currently has $400,000 of coverage due to a previously approved EOI and requests to increase to $600,000. The employee either does not complete the EOI or the EOI comes back as unapproved. The coverage will remain at $400,000.

If you are already above the guaranteed issue and are requesting another higher amount, another EOI is required. For example, an employee has $300,000 based on their previous EOI. They request an increase to $400,000. Another EOI is required for the additional $100,000.

Completing an EOI process should take about 10-30 minutes for most. For individuals with more complex medical histories, the process could take a bit longer depending on additional documentation required.

The EOI starts with only three questions. If you answer yes to any of the questions, additional details may need to be provided. You will be prompted for additional information as you are filling out the EOI. Please do not provide any of this personal information to the Å®Óźϼ¯ Benefits team.

The first three questions include:

 

No. The EOI process must be completed in one sitting. There is not an option to save the EOI and return to it later to complete.

To begin, review the EOI Health questions listed above under "What types of questions should I expect?" dropdown.

• Have your medical records available as it pertains to you and question 1
• Be prepared to describe the condition, date of visit, and related treatments 
  • Have ready a list that includes the facility name, doctor’s name, and the address where you received treatment
• Employee and spouse/FIP EOIs are done at the same time if both are needed

Securian will review the EOI and provide Å®Óźϼ¯ Benefits with final instructions base on the approval status. Many EOIs are completed immediately. Some will require additional time for Securian to review. 

While Securian is reviewing the EOI, Å®Óźϼ¯ Benefits will move you up to the guaranteed issue if you are currently below. For example:

• Kevin is a 43 year old employee and has already purchased $100,000 of supplemental life employee coverage.
• Kevin would like to increase his total coverage to $300,000 during Open Enrollment and submits his Open Enrollment form with that request.
• Since Kevin is under 65, he can have up to $200,000 of guaranteed coverage. Å®Óźϼ¯ Benefits will move his coverage to $200,000 and hold until approval is received from Securian for the $300,000 amount.
•  If approved, Å®Óźϼ¯ Benefits will increase Kevin's supplemental life to $300,000.
• If not approved, Å®Óźϼ¯ benefits will leave Kevin's coverage at $200,000.

Open Enrollment each spring is the one time each plan year that you can make any changes to your coverage outside of a qualifying life event.

Review your current supplemental coverages - including spouse/FIP and children - in . 

Submit a form during Open Enrollment or with 30 days of a life event requesting the change.