This is a summary of plan provisions related to the insurance policy underwritten by Minnesota Life Insurance Company. In the event of a conflict between this summary and the policy
and/or certificate, the policy and/or certificate shall dictate the insurance provisions, exclusions, all limitations and terms of coverage.
Securian Financial is the marketing name for Securian Financial Group, Inc. and its affiliates. Minnesota Life is an affiliate of Securian Financial Group, Inc.
Products are offered under policy form series MHC-96-13180.
Ochs, Inc.
A Securian Company
400 Robert Street N, Ste. 1880, St. Paul, MN 55101
F-ochs Rev 10-2019
740393
Email: ochs@ochsinc.com
Phone: 651-665-3789 • 1-800-392-7295
Web: ochsinc.com
Contact Ochs
ochs@ochsinc.com
651-665-3789 or 1-800-392-7295
ADDITIONAL FEATURES
Waiver of Premium - If you become totally and
permanently disabled, according to the terms of
your certificate, life insurance premiums may be
waived.
Accelerated Benefit - If an insured person
is diagnosed with a terminal illness, as defined in
your certificate, he/she may be eligible to request
early payment of the life insurance in force.
Continuation - If you are no longer eligible for
coverage as an active employee, you may be
eligible to continue your coverage, if elected during
the limited enrolment period. Premiums may be
higher than those paid by active employees.
Contact your employer or Ochs for information.
NEWLY HIRED EMPLOYEES
A special guaranteed issue opportunity is available for
newly hired employees during their initial 31 day
enrollment period. No evidence of insurability is
required for the following guaranteed amounts:
Employee - under 65 elect up to $150,000;
age 65 - 69 elect up to $50,000; age 70+ elect
up to $10,000
Spouse - under age 65 elect up to $30,000; 65+
elect $10,000
Child - all coverage
Evidence of insurability is required for elections
above the guaranteed amounts.
ANNUAL ENROLLMENT
During your employer’s designated annual enrollment
period, no evidence of insurability is required for the
following guaranteed amounts:
Currently Insured Employees - may increase
up to $50,000 (provided the resulting amount
does not exceed the total coverage of $150,000
for under 65; $50,000 for age 65-69; or $10,000
for age 70+)
Child - all coverage
Evidence of insurability is required for elections
above the guaranteed amounts and all other elections.
OTHER ENROLLMENT
If your policy or employer allows enrollment outside of
their designated enrollment periods, elections will
require evidence of insurability. If you experience
a family status change, check with your employer
within 31 days to confirm guaranteed issue eligibility.
Age Rate per $1,000
<25 $0.070
25-29 $0.070
30-34 $0.075
35-39 $0.096
40-44 $0.132
45-49 $0.182
50-54 $0.262
55-59 $0.430
60-64 $0.671
65-69 $1.056
70-74 $1.678
75-79 $3.045
80+ $6.131
Rates increase with age and all rates are subject to change.
MONTHLY COST
Employee or Spouse
Voluntary Term Life and AD&D
See rate grid for easy cost calculation.
ENROLL ONLINE
NOW
by the enrollment deadline.
Premiums will be automatically deducted
from your paycheck.
BENEFICIARY DESIGNATIONS
Naming a beneficiary is an important right
of life insurance ownership; this determines
who receives the death benefit. It is
recommended that you review and
update your elections
periodically.
?
DOFU 3-2018
One premium insures all eligible children.
MONTHLY COST
Child Term Life and AD&D
$5,000 $20,000
$0.89 $3.56
$10,000
$1.78
$15,000
$2.67