Basic and Voluntary Life & AD&D Basic Life and AD&D Voluntary Life and AD&D Eligible Employees All Full-Time Employee Benefit: Employees Increments $10,000 Employee Benefit 1x Annual Salary Max Benefit Lesser of 5x Salary or Min Benefit $50,000 $500,000 Employee can add or increase up to $10,000 Max Benefit $250,000 without evidence of insurability (EOI). Reduction Schedule Age 70 – 65% Spousal Benefit: Age 75 – 50% Increments $5,000 A life insurance policy is a contract with an insurance Lesser of 100% of company. In exchange for premium payments, the Max Benefit Employee Benefit or insurance company provides a lump-sum payment, $250,000 known as a death benefit, to your beneficiary. This is a New enrollments in the plans or increases in good time to review and update your beneficiaries. benefit amount for spouse/dependent, will require EOI application. Child Benefit: (One premium charge $10,000 covers all children) Rates are age based and will display in the enrollment system as you view coverage levels. Page 10 | Inotiv | Plan Year 2025 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.