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Securian Financial

Summa Health group term life insurance

The insurance plans made available to you and your family is an important building block in a foundation of financial security. It provides a base of protection that can be supplemented by personal savings, individual life insurance and Social Security benefits.

Your coverage choices

As an employee of Summa Health, you are automatically enrolled for basic life and AD&D coverage. You may also choose to enroll for additional coverage for yourself and your family. 

 

Coverage Type
   Coverage Options
 Additional Information

Supplemental life and AD&D  

  
$10,000, $25,000, $50,000, $75,000, $100,000, $150,000, $200,000, $250,000, $300,000, $350,000, $400,000, $450,000, $500,000
 
  • AD&D coverage automatically matches your elected amount of supplemental term life 

Spouse life		  

Option 1: $10,000

Option 2: $25,000

Option 3: $50,000

Option 4: $100,000
 
  • Spouse age and coverage reductions are based on the employee’s age 


Child life		  

 

Option 1: $10,000

Option 2: $25,000
  • All child coverage is guaranteed
  • Children are eligible from live birth to age 26 

If your spouse or child is eligible for employee coverage, he or she cannot be covered as a dependent. 

A child may only be covered by one parent.


Beginning at age 65, basic life and AD&D, supplemental life and AD&D, and spouse life coverage reduces to a percentage of the amount in effect prior to age 65 : 67 percent at age 65 and to 45 percent at age 70. Summa Barberton Union employees are not subject to the reduction in benefits upon reaching age 65 or 70.