Understanding your Union Life Insurance Program
Occidental Petroleum Corporation / Union
Group Universal Life (GUL) Insurance
Employee GUL Insurance Coverage
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Coverage of $30,000, $60,000, $90,000 or $120,000 is available.
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Employees enrolling for the first time can obtain $60,000 coverage without proof of good health (also known as guarantee issue). Coverage elected above $60,000 will require you to answer health questions and submit to MetLife for approval.
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Maximum coverage allowed under the plan: $120,000.
Spouse GUL Insurance Coverage
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Coverage of $10,000, $25,000 or $50,000 is available.
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Employee spouse’s enrolling for the first time can obtain $25,000 coverage without proof of good health. Coverage elected above $25,000 will require your spouse to answer health questions and submit to MetLife for approval.
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Maximum coverage allowed under the plan: $50,000.
Dependent Child Coverage
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Coverage of $10,000 or $20,000 for each eligible child is available without proof of good health for one low monthly premium, no matter how many children you cover.
Tax-Deferred Savings Opportunity:
The GUL policy offers you the opportunity for tax-deferred savings by contributing to a Cash Value Fund which offers you guaranteed earnings in a competitive interest-bearing account. To obtain the current interest crediting rate, please contact MetLife at (800) 846-0124 Monday through Friday, 8:00 a.m. to 5:00 p.m. (CT).
Additional Program Information
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Enrollment deadline: 31 days from receipt of materials
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Effective date of guarantee issue coverage: date application is received in good order
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Effective date of coverage above guarantee issue: date of MetLife’s approval
Like most group insurance policies, MetLife GUL contains certain exclusions, limitations and terms for keeping them in force.
MetLife Advantages
Will Preparation Services
Ensuring final wishes are clear
Standard on all Supplemental Life Plans:
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Employees can choose to work one-on-one with an attorney, in-person or on the phone, to prepare or update a will, living will, or power of attorney.
Estate Resolution Services
Settling an estate with confidence
Standard on all Supplemental Life Plans:
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With unlimited consultations, either face-to-face with an attorney or by phone, your employees and/or their beneficiaries can settle an estate with assurance.
Delivering the Promise®
Beneficiary Claim Assistance - Making the claims process easy.
Standard on all Life Plans:
Beneficiaries receive guidance from experts as they work through their options and financial needs with our Delivering The Promise® services.
Funeral Planning Guide
Electronic Funeral Planning Guide is automatically available to all Group Life participants with access to MyBenefits or MetLife.com.
Standard on all Life Plans:
The PDF Guide provides employees and loved ones with information on funeral planning and on estate settlement, as well as descriptions of MetLife benefits that may be available to them and their, and a list of additional resources they may need.
Funeral Discount and Planning Services*
Alleviating the burden of making funeral arrangements from their loved ones.*(subject to state availability see below)
Standard on all Life Plans:
Employees get exclusive access to the largest network of funeral homes and cemeteries to pre-plan with a counselor and receive discounts on funeral services.
Grief Counseling Services*
Offering professional support in times of need.*(subject to state availability see below)
Standard on all Life Plans:
Face-to-face sessions with a licensed counselor to help employees cope with a loss or major life change. Or employees can speak to a licensed counselor in the comfort of their home through the helpline.
Standard on all Life Plans:
An online document service allows employees to prepare and update a will, living will, power of attorney or HIPAA authorization form in a secure environment. This service does not provide face to face consultations with attorneys.
MetLife Infinity
Digital Legacy - Sharing important documents is easy with MetLife Infinity®
Standard on all Life Plans:
Employees can store important documents such as deeds, wills, and personal photos and videos safely on a secure online portal.