Voluntary Term Life Insurance Live for now. Plan for then. Every day, you provide for the ones you love. You make sure they’re happy and secure, with thoughtful touches to let them know you care. Life insurance lets you plan for the future and continue to show your love even after you’re gone. Life insurance can help: » Protect your loved ones from 昀椀nancial burdens » Pay for your children’s or grandchildren’s education » Build a secure retirement fund for your spouse or partner » Assist a disabled adult child » Leave a legacy for your loved ones or a favorite charity Policy Highlights Eligibility (for Team Members and Dependents): All Active full time and part time team members 0.5 – 1.0 FTE. A delayed effective date will apply if the team member is not actively at work. Spouse and dependents cannot be in a period of limited activity on the day coverage takes effect. Unmarried Dependent Child(ren) are eligible from age 14 days to age 21; age 25 if a full time student. VOLUNTARY VOLUNTARY VOLUNTARY EMPLOYEE LIFE SPOUSE LIFE DEPENDENT LIFE Team members who are within their 昀椀rst 30 days of eligibility may enroll through Team members who are within their 昀椀rst Oracle Employee Self-Service. Team members who are within their 昀椀rst 30 days of eligibility may enroll through 30 days of eligibility may enroll through Oracle Employee Self-Service. You must be enrolled in Oracle Employee Self-Service. Voluntary Employee Life in order WHEN YOU CAN ENROLL Team members may enroll in $10,000 to elect Spouse coverage. You must be enrolled in Voluntary increments up to a maximum of Employee Life in order to elect $150,000. Spouse coverage amount Dependent coverage. cannot exceed the employee’s elected If you terminate coverage, you will not coverage amount. If you terminate coverage, you will not have an opportunity to re-enroll. have an opportunity to re-enroll. If you terminate coverage, you will not have an opportunity to re-enroll. COVERAGE AMOUNT $10,000 increments $10,000 increments $10,000 MAXIMUM BENEFIT $150,000 initial enrollment $30,000 $10,000 Coverage is portable — you can take your coverage with you if you leave the company. To port your coverage, contact Lincoln Financial Group within 31 days of your coverage terminating and pay the applicable premium. (See your certi昀椀cate for details.) Note You can designate a bene昀椀ciary when making your New Hire/Newly Eligible bene昀椀t elections in Oracle Employee Self Service under Me/Bene昀椀ts. When making your elections, you will be prompted to designate a bene昀椀ciary under the Life Insurance section. 51