ZEOs have the option to purchase additional Life and AD&D coverage for themselves and eligible dependents through Guardian.
- Employee Voluntary Life/AD&D: ZEOs are eligible to purchase additional life insurance in increments of $10,000 up to a max of $500,000.
- Spouse/Domestic Partner Voluntary Life/AD&D: ZEOs can purchase life insurance for their spouse or domestic partner in increments of $10,000 up to a max of $250,000, not to exceed 50% of employee election.
- Child Voluntary Life: ZEOs can purchase this plan at 10% of the employee coverage amount to a maximum of $10,000 for all children aged 14 days to 26 years.
Evidence of Insurability (EOI)
If you are enrolling for the first time during your new hire enrollment, EOI is required by Guardian for Voluntary Life/AD&D benefits if the requested amount is over the Guaranteed Issue (GI) amounts of the plan, shown below:
- Voluntary Optional Life (Employee) - $150,000
- Voluntary Life (Spouse/Domestic Partner) - $50,000
After your new hire enrollment, any changes require an EOI form and Guardian approval.
EOI is a brief medical questionnaire that must be completed for coverage above the GI amounts. If you elect these plans in PlanSource with a coverage level above the GI amounts, you will receive a task in PlanSource prompting you to complete EOI once your elections are submitted. The task will take you to the Guardian site where you can provide the requested information. Your coverage level will remain at the GI amount until approved by Guardian.
Beneficiary Designation
Please ensure that you have a named beneficiary for your life insurance plans in PlanSource. You can designate a beneficiary during your benefits enrollment and update it at any time. If you need assistance with adding or updating a beneficiary, please reach out to ZEOTotalRewards@zuora.com.