Supplemental Term Life Insurance Life insurance is a simple answer to a very tough question: How will my family manage financially when I die? Supplemental Term Life insurance serves as a foundation of financial protection and is offered through Mutual of Omaha. This plan provides flexible, valuable protection and includes a Financial Counseling Service.

Mutual of Omaha is the new provider of Supplemental Term Life Insurance, effective June 1, 2008

On June 1, 2008 existing Supplemental Term Life participants will automatically have coverage transferred to Mutual of Omaha with reduced rates. Also, eligible employees will be able to enroll in up to $250,000 of coverage during the 2008 enrollment period without answering medical questions (Guarantee Issue). Guarantee Issue limits for employee, spouse and children include prior purchases. In order to cover your dependents you must enroll yourself. Reduced benefits apply starting at age 70.

For new coverage and changes to existing coverage applied for during the 2008 open enrollment period, coverage will be effective on July 1, 2008 for amounts under the Guarantee Issue Limits. Coverage amounts above the Guarantee Issue Limit will be effective the first day of the month coincident or following the date Mutual of Omaha approves coverage.

Plan Feature	Benefit to You
Coverage Options	Employee Only, Employee & Spouse, Employee & Child(ren)
Benefit Amounts	Employee: Up to 5X pay (in $10,000 increments); max benefit of $500,000 Spouse: Up to 100% of employee's amount (in $5,000 increments); max benefit of $500,000 Child(ren): $2,000 increments up to the max benefit of $10,000 ($1,000 for a child between the ages of live birth and six months).
Guarantee Issue	Employee: Up to 5 times pay (in $10,000 increments); max benefit $250,000. Spouse: 100% of employee’s elected amount, up to $50,000 Child(ren): 100% of Employee Benefit up to $10,000
Financial Counseling Service	This service provides you access to financial experts in areas such as family budgeting, credit problems, tax questions, estate planning, investment options, money management and retirement planning.
Living Care Benefit	This benefit allows up to 100% of the policy’s death benefit (to a maximum of $250,000) to be paid before death if the insured has a qualifying terminal illness and meets all terms and conditions of the policy.
Waiver of Premium	If it is determined that you are totally disabled, your life insurance benefit will continue without payment of premium, subject to certain conditions.
Portability	Allows you to continue this insurance program should you leave your employer (subject to plan provisions), without having to provide evidence of insurability (information about your health).

Click here to view the Mutual of Omaha Policy.

Click here to view the Unum Policy.

Important Eligibility Guidelines

You must be actively at work as defined in the policy in order for coverage to take effect.

Dependent insurance (for your spouse or children) may also be available, but only when you, as the employee, also select coverage for yourself. A dependent must be performing normal activities and cannot be confined as defined in the policy in order for coverage to take effect.

If you and your spouse both work for the State of Michigan, you are both eligible for employee coverage, but you cannot insure each other as dependents. Dependent children can be insured only under one parent.

Guarantee Issue

You are eligible for Guarantee Issue coverage during the 2008 Benefits for Life Open Enrollment Period or when you first become eligible to apply. Coverage over the Guarantee Issue amount(s) or any coverage applied for beyond your initial open enrollment date will be subject to evidence of insurability (answering health questions). Note: Certain medical conditions may require a physician statement or paramedical examination.

Enrolling for Coverage

If you and your eligible dependents enroll for coverage within your initial enrollment period and wish to increase your coverage prior to the next annual enrollment period you may do so, but you will be required to provide evidence of insurability (answering health questions). If you previously purchased insurance and you wait until the next annual enrollment period, you may increase coverage up to the Guarantee Issue amount(s) without evidence of insurability. Any increases in coverage beyond the Guarantee Issue amount(s) will be subject to evidence of insurability.

Family Status Changes

If you experience a family status change during the year, you may be able to increase your coverage or add dependent coverage up to the Guarantee Issue amount(s) without evidence of insurability. In most cases, you may only increase your coverage or add dependent coverage if the increase or addition is consistent with the family status change.

Total Access Benefit Account

Payment for life insurance benefits exceeding $10,000 are automatically deposited into an interest-bearing checking account for beneficiaries.

Suicide Exclusion

Life insurance benefits will not be paid if the insured's death is the result of suicide within two years from the date of issue. If this occurs, the sum of the premiums paid will be returned to the beneficiary. The same applies for any future increases in coverage under this plan.

File a Supplemental Term Life Claim (special instructions)

To file a Supplemental Term Life claim, a special service has been set up for the State of Michigan. A beneficiary can call 800-283-9591 and Mutual of Omaha will take all the required information over the phone necessary to file a claim form. The beneficiary will only be required to provide a copy of a death certificate, which may also be faxed to 402-997-1999.