BEST Life Silver
For groups of 10 or more enrolling for stand-alone or 2 or more enrolling if written with another BEST Life plan. Flexible coverage options for members in $10,000 increments up to five times their annual earnings to a maximum of $500,000. AD&D option includes seat belt and air bag benefits. This plan also includes optional supplemental/voluntary life and increased coverage options for employee and dependents. Guarantee issue amounts are based on total group volume. 2-year rate guarantee and discounts available for preferred industries.
BEST Life Silver Plan Details
Voluntary
| Employer Contribution | Not applicable |
| Life Schedules | 2-9: $10,000 or $15,000 10+: increments of $10,000 to $500,000, not to exceed 5 times employee salary |
| Guarantee Issue | 2-9: N/A 10+: Based on total volume not to exceed 3 times employee salary |
| Participation | 25% participation |
| Plan Features | Waiver of Premium Provision to Age 60 Conversion |
| Age Reductions From original amount. |
65 - 35% 70 - 50% 75 - 65% 80 - 80% 85 - 90% |
| Dependent Life Coverage | Spouse: increments of $5,000, up to $10,000 or 50% of employee coverage, not to exceed $50,000 Children ages 6 months to 25: $5,000 Children 14 days to 6 months: $500 |
| AD&D Employees only. |
Includes Seat Belt and Air Bag Benefit Available on basic and supplemental |
| Accelerated Death Benefit | Allows up to 75% or a maximum of $250,000 of Life insurance benefits to be paid prior to the death of the participant. Available for 10+ only. |
| Other Options | Supplemental / Voluntary Life for employee and dependents. |
Available in
AK, AL, AR, AZ, CA, CO, DC, GA, HI, ID, IL, IN, KS, KY, MD, MI, MS, NC, ND, NE, NM, NV, OH, OK, PA, SC, SD, TN, TX, UT, and WY.