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Accidental Death and Dismemberment

Q. 
How much AD&D coverage do I have?
A. 
The amount of the AD&D benefit is equal to one times your basic annual earnings up to a maximum benefit amount of $100,000.  The AD&D benefit is available only to associates.
Your coverage amount will be rounded up to the next higher $500.  (Example: If your annual salary income is $20,204.00, your benefit amount would be rounded up to $20,500.00 for the AD&D).

NOTE:  Accidental death or dismemberment by accidental injury as used in this supplement means that your death or dismemberment results, directly and independently of all other causes, from an accidental injury which is unintended, unexpected, and unforeseen.
Q. 
What do I pay for the AD&D benefit?
A. 
The AD&D benefit is a company paid benefit (there is no cost to associates).
Q. 
How do I add or change beneficiaries in ShawAndMe?
A. 
In ShawandMe:
Click My Personal Information, and then under Benefits, click Insurance Summary.  Next, click on the benefit (Group Life, AD&D, or OTL) you want to add or change the beneficiaries and then click the Edit button.  If you are adding a new beneficiary, click the Add a New Beneficiary button.
 
Once beneficiary information is added, click Save and OK then, click on Return to Change Current Beneficiaries and Allocations.
 
Remember the Updated Total must equal 100% (whole numbers can only be entered).
If there is only one beneficiary – put "100" under "New Primary Allocation" by the beneficiary’s name. If there is more than one beneficiary, put the amount being allocated to each person.  Lastly, click Update Totals and click Save, then OK.

Click on Return to Life Insurance Main and then click on Return to Insurance Summary.  Finally, click on Insurance Beneficiary Summary.  Beneficiary changes will show on this page, if correct.

*Note – Associate is automatically the primary beneficiary for dependents – Primary Beneficiary cannot be changed.
Q. 
What happens to my AD&D Insurance if I leave the company?
A. 
If you leave the company, you have the option to continue your AD&D coverage. For details regarding this benefit, you must contact Minnesota Life at (1-866-293-6047) within thirty-one (31) days from your date of termination. The Group Policy number is 33498.
Q. 
Who will be the beneficiary for my AD&D Insurance?
A. 
Please make sure that you have a primary beneficiary listed for your AD&D.  You can add a primary beneficiary or make changes to your primary beneficiary information by going through ShawAndMe.

** Please note: Benefits cannot be made payable directly to minor children (legal age based on individual state law). If a minor child is listed as a beneficiary, the benefit may be paid directly to the child’s legal guardian. To make sure your minor child receives entitled benefits, you should seek legal counsel for setting up a trust for the child and have the information included in your will.

Secondary beneficiary – For a copy of the Secondary Beneficiary form, click here.

Default beneficiary – If you do not name a beneficiary, benefits are paid in the following order; spouse (if living), child (ren) (if living), parents (if living), estate.

Group Basic Life

Q. 
How do I add or change beneficiaries in ShawAndMe?
A. 
In ShawandMe:
Click My Personal Information, and then under Benefits, click Insurance Summary.  Next, click on the benefit (Group Life, AD&D, or OTL) you want to add or change the beneficiaries and then click the Edit button.  If you are adding a new beneficiary, click the Add a New Beneficiary button.
 
Once beneficiary information is added, click Save and OK then, click on Return to Change Current Beneficiaries and Allocations.
 
Remember the Updated Total must equal 100% (whole numbers can only be entered).
If there is only one beneficiary – put "100" under "New Primary Allocation" by the beneficiary’s name. If there is more than one beneficiary, put the amount being allocated to each person.  Lastly, click Update Totals and click Save, then OK.

Click on Return to Life Insurance Main and then click on Return to Insurance Summary.  Finally, click on Insurance Beneficiary Summary.  Beneficiary changes will show on this page, if correct.

*Note – Associate is automatically the primary beneficiary for dependents – Primary Beneficiary cannot be changed.
Q. 
What happens to my Group Basic Life Insurance if I leave the company?
A. 
If you leave the company, you have the option to continue a portion or all of your Group Basic Life coverage. For details regarding this benefit, you must contact Minnesota Life at (1-866-293-6047) within thirty-one (31) days from your date of termination. The Group Policy number is 33498.

NOTE: While you may choose to pay for COBRA to continue your medical coverage, the “Group Basic Life Insurance” is not included in any continuation of medical coverage for retiree’s or COBRA participants after termination of employment. The only way to continue this coverage is by contacting Minnesota Life. Coverage discontinues on the date of termination.
Q. 
How is a claim filed on myself or a covered dependent?
A. 
If you or your covered dependent (spouse/child) passes away, you or your beneficiary would need to contact your Human Resources office as they would file the claim through the Insurance Carrier.

NOTE:  The Group Life Insurance also has a living benefit provision. If you are diagnosed as terminally ill and meet plan requirements, you may be allowed to withdraw up to 100% of the value of your life policy. The minimum death benefit to be eligible for an accelerated benefit under this supplement is $10,000. This provision applies to terminally ill spouses as well.  The remaining percentage of the benefit will be paid to the participant's beneficiary when the participant passes away provided coverage is still in effect.  
Q. 
What do I pay for the Group Basic Life Insurance?
A. 
The Group Basic Life Insurance is a company paid benefit (there is no cost to associates).
However, IRS regulations require that when the company pays the premiums for Group Basic Life Insurance, a certain portion of the cost for benefit amounts exceeding $50,000 must be considered as gross income for the associate. This process is referred to as “imputed income.” Imputed incomes is based on the difference between the value that the IRS assigns as the market value cost for this benefit and the actual cost paid by the company. Your individual amount is determined by your age and the amount of coverage provided in excess of $50,000.
(Example: If your Group Basic Life Insurance coverage is $90,000 and you are age 30-34, the taxable benefit amount above the $50,000 limit would be $40,000 as defined by the IRS. Taxes on the premium for this amount of coverage are included in the tax withholdings from your pay).
Q. 
How much Group Basic Life Insurance coverage do I have?
A. 
The amount of Group Basic Life Insurance is equal to one times your basic annual earnings up to a maximum benefit amount of $100,000.

Your coverage amount will be rounded up to the next higher $500.  (Example: If your annual salary income is $20,204.00, your benefit amount would be rounded up to $20,500.00 for the Group Basic Life).
Q. 
Who will be the beneficiary for my Group Basic Life Insurance?
A. 
Please make sure that you have a primary beneficiary listed for your Group Basic Life Insurance. You can add a primary beneficiary or make changes to your primary beneficiary information by going through ShawAndMe.

** Please note: Benefits cannot be made payable directly to minor children (legal age based on individual state law). If a minor child is listed as a beneficiary, the benefit may be paid directly to the child’s legal guardian. To make sure your minor child receives entitled benefits, you should seek legal counsel for setting up a trust for the child and have the information included in your will.
Secondary beneficiary – For a copy of the Secondary Beneficiary form, click here.

Default beneficiary – If you do not name a beneficiary, benefits are paid in the following order; spouse (if living), child (ren) (if living), parents (if living), estate.
Q. 
Do I have Group Basic Life Insurance coverage for my spouse and child (ren)?
A. 
Eligibility requirements are as follows:
  1. Dependents must be enrolled under your medical coverage (dependent verification required) and
  2. Dependent child (ren) must also meet the Insurance Carrier’s requirements which are:
  • Eligible from live birth, up to the age of 19, or up to age 24, if a full-time student in an accredited educational institution.
  • Age 19 or older are also eligible if they are physically or mentally incapable of self –support, were incapable of self-support prior to age 19 (or age 24 if a full-time student) and are financially dependent on the certificate holder (associate) for more than one-half of their support and maintenance.
  • Full-time student verification is not required by Shaw. If a claim is filed, student verification will be required by the Insurance Carrier.
If all eligibility requirements are met, coverage amounts are:
  • Spouse - $5,000 (if they are not a Shaw associate – if also an associate, they would not be eligible for this coverage. They would be covered under their Group Basic Life Insurance based on their annual salary)
  • Child (ren) - $2,000 per child

Optional Term Life

Q. 
Can I have Optional Term Life Insurance for my spouse and child(ren)?
A. 
You may elect OTL coverage for your Spouse (dependent verification is required) and for your child (ren) from live birth up to age 26 or disabled (verify plan requirements).
Q. 
If both my spouse and I work at Shaw, can we both have coverage under the Optional Term Life benefit?
A. 
No, if you and your spouse work for Shaw, you cannot have double coverage under the Optional Term Life Insurance.
  • If your spouse is also a Shaw associate, you and your spouse cannot have double coverage on yourselves or child (ren) under the Optional Term Life, it can only be listed under yourself or your spouse.
  • If you or your spouse leave the company and have Optional Term Life on yourself, as a spouse you can only move over up to $50,000 to the spouse who is still employed with Shaw. Any amount elected over that will be subject to approval through the Insurance Carrier with Medical Evidence of Insurability being required.
If, as a new hire, you decline Optional Term Life Insurance coverage on yourself and/or eligible dependents, the next opportunity to enroll would be during the next open enrollment period. You and/or your dependents would not be eligible for any guaranteed issue amounts; any amount elected would be subject to approval through the Insurance Carrier and Medical Evidence of Insurability would also be required.
Q. 
How do I pay for Optional Term Life Insurance?
A. 
Rates are based on the amount of coverage chosen and age bracket. Click here for the Minnesota Life OTL Rate Sheet. Premiums are paid through payroll deduction (after tax) per pay period. Rates are subject to increase based on age bracket as age increases.

If you are placed on an unpaid Leave of Absence, you will be billed for your Optional Term Life Insurance through the Direct Billing process. Premiums remain the same as an active associate. If the Benefits Billing payment is not received by the final due date, coverage will be cancelled retroactively to the last paid through date, due to lack of payment. You will not be eligible to re-enroll until you return to active employment and any amount elected whether on yourself and/or dependents will be subject to approval through the Insurance Carrier with medical evidence of insurability being required.

Optional Term Life Insurance is an insured plan and all premiums must be paid before a claim can be submitted. If death occurs prior to your return to work, all premiums must be paid prior to the final due date in order for a claim to be filed. If coverage has already been cancelled due to non-payment of premiums, a claim cannot be filed due to ineligibility.

Note: Optional Term Life Insurance can be cancelled at any time.
Q. 
How is a claim filed on myself or a covered dependent?
A. 
If you or your covered dependent (spouse/child) passes away, you or your beneficiary would need to contact your Human Resources office as they would file the claim through the Insurance Carrier.
Q. 
How do I add or change beneficiaries in ShawAndMe?
A. 
In ShawandMe:
Click My Personal Information, and then under Benefits, click Insurance Summary.  Next, click on the benefit (Group Life, AD&D, or OTL) you want to add or change the beneficiaries and then click the Edit button.  If you are adding a new beneficiary, click the Add a New Beneficiary button.
 
Once beneficiary information is added, click Save and OK then, click on Return to Change Current Beneficiaries and Allocations.
 
Remember the Updated Total must equal 100% (whole numbers can only be entered).
If there is only one beneficiary – put "100" under "New Primary Allocation" by the beneficiary’s name. If there is more than one beneficiary, put the amount being allocated to each person.  Lastly, click Update Totals and click Save, then OK.

Click on Return to Life Insurance Main and then click on Return to Insurance Summary.  Finally, click on Insurance Beneficiary Summary.  Beneficiary changes will show on this page, if correct.

*Note – Associate is automatically the primary beneficiary for dependents – Primary Beneficiary cannot be changed.
Q. 
What is not covered under the Optional Term Life benefit?
A. 
The Life Insurance Plan will not pay benefits if loss of life is the result of suicide that occurs within the first two years of coverage.
Q. 
Who will be the beneficiary for my Optional Term Life Insurance?
A. 
Please make sure that you have a primary beneficiary listed for your Optional Term Life. You can add a primary beneficiary or make changes to your primary beneficiary information by going through ShawAndMe.

** Please note: Benefits cannot be made payable directly to minor children (legal age based on individual state law). If a minor child is listed as a beneficiary, the benefit may be paid directly to the child’s legal guardian. To make sure your minor child receives entitled benefits, you should seek legal counsel for setting up a trust for the child and have the information included in your will.

Secondary beneficiary – For a copy of the Secondary Beneficiary form, click here.

Default beneficiary – If you do not name a beneficiary, benefits are paid in the following order; spouse (if living), child (ren) (if living), parents (if living), estate.
Q. 
What happens to my Optional Term Life insurance if I leave the company?
A. 
If you leave the company, you have the option to continue a portion or all of your Optional Term Life Insurance (if applicable) coverage.  For details regarding this benefit, you must contact Minnesota Life at (1-866-293-6047) within thirty-one (31) days from your date of termination. The Group Policy number is 33498.

Whole Life

Q. 
What happens to my Whole Life benefit if I leave the company?
A. 
You may take your policy with you if you leave the company. You must contact Unum within thirty-one (31) days from the date of termination to request to be put on direct billing. Payments would be made directly to Unum.
Q. 
How is a claim filed on me or a covered dependent?
A. 
If you or your covered dependent (spouse/child) passes away, you or your beneficiary would need to contact your Human Resources office to obtain the Unum Whole Life Death Claim form or click here. The claim would be filed directly with Unum.
Q. 
Can I cancel the Whole Life benefit at any time?
A. 
Yes, you must contact your Human Resource office to obtain the Unum Whole Life, Critical Illness & Accident Cancellation form or click here. You may return the form back to your HR Office who will then submit to Corporate Benefits for cancellation.
Forms

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