GROUP UNIVERSAL LIFE (GUL) INSURANCE PROGRAM
SPECIAL ENROLLMENT PERIOD – MAY 7-JUNE 4, 2012
Active Management Benefit Fund members recently received a letter from the MBF announcing an opportunity to either enroll in or increase their Group Universal Life coverage.
Members can enroll for GUL coverage until June 4 without evidence of insurability for either:
1. Up to the lesser of three times your annual salary or $500,000 (an increase from a prior cap of $150,000)
2. Flat increments of $10,000 up to $100,000.
Members with existing GUL coverage can similarly increase their coverage up to these new limits.
All active MBF members can seek coverage in excess of the above up to a maximum of $1,000,000 with evidence of insurability.
The spouse/domestic partner coverage cap has also increased. There is also Dependent Term Life Insurance coverage available.
Please carefully review the material you received, including the Rate Sheet, to determine if this insurance is consistent with your family’s needs and your financial goals. If you wish to enroll you must act by completing the 2012 SPECIAL ENROLLMENT GUL ELECTION Form in your packet and return it in the postage paid envelope provided ON OR BEFORE JUNE 4, 2012.
The MEA is not responsible for the administration of this MBF offering. You can contact the MBF at (212) 306-7200.
Please contact our office at (212) 964-0035 for any questions you may have.