[ LIFE & ACCIDENT INSURANCE ]
PROTECTION, JUST IN CASELife can change fast. Worthington Steel offers life insurance though Lincoln Financial to help protect your income if the unexpected happens.
Life Insurance
Basic Life & Accidental Death Insurance
We provide this plan at no cost to you. Your coverage amount is 1.5 times your annual benefit earnings.
Supplemental Life Insurance
In addition to Basic Life Insurance, you may buy Supplemental Life Insurance for yourself, your spouse and children as follows:
- For yourself: Between 1 and 8 times your benefit earnings up to $1 million
- For your spouse: $25,000, $50,000, $75,000, $100,000 or $125,000
- For your child: $5,000 or $10,000
Evidence of Insurability
If you elect Supplemental Life Insurance coverage within 30 days from your hire date or the date you become a full-time employee, you can elect up to the guaranteed issue amount for yourself or your spouse without submitting Evidence of Insurability (EOI), which is an application process that provides information on your health in order to gain coverage.
Each year at Open Enrollment, you can increase your coverage by one level up to the guaranteed issue amount without providing EOI. You may choose these amounts without submitting EOI:
- For yourself: up to 5 times your salary or $500,000, whichever is less
- For your spouse: up to $50,000
- For your children: $5,000 or $10,000 each
