Page 10 | Inotiv | Plan Year 2026 This booklet provides only a summary of your benefits. All services described within are subject to the definitions, limitations, and exclusions set forth in each insurance carrier or provider’s contract. Basic and Voluntary Life & AD&D A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to your beneficiary. This is a good time to review and update your beneficiaries. Eligible Employees All Full-Time Employees Employee Benefit 1x Annual Salary Min Benefit $50,000 Max Benefit $250,000 Reduction Schedule Age 70 – 65% Age 75 – 50% Employee Benefit: Increments $10,000 Max Benefit Lesser of 5x Salary or $500,000 Employee can add or increase up to $10,000 without evidence of insurability (EOI). Spousal Benefit: Increments $5,000 Max Benefit Lesser of 100% of Employee Benefit or $250,000 Spouses can add or increase up to $5,000 without evidence of insurability (EOI). Child Benefit: (One premium charge covers all children) $10,000 Basic Life and AD&D Voluntary Life and AD&D Rates are age based and will display in the enrollment system as you view coverage levels.