Your spouse may apply for Supplemental Life Insurance coverage in $5,000 increments up to 2.50 times your annual salary, but it cannot exceed 50 percent of your elected benefit amount. The minimum coverage level is $5,000 and the maximum coverage level is $250,000.
- Voluntary supplemental life benefits for employee and spouse will reduce to 65% at age 65 and 50% at age 70.
- These benefits terminate upon retirement or end of employment with Stampin’ Up!; however, you have the option to convert your coverage.
- The coverage level that you apply for may or may not be the amount you are approved for.
- Spouse coverage is only available if the employee is insured for voluntary coverage.