SimpleNexus / Life Insurance

SimpleNexus provides each employee with $50,000 of Life and AD&D insurance as part of your core benefits. This coverage is completely free to employees — SimpleNexus pays the premiums. Benefits reduce to 65% at age 65 and to 50% at age 70.

Additionally, you have the option to convert your coverage if you retire, lose eligibility or terminate your employment with SimpleNexus. This benefit is provided through Guardian.

SimpleNexus offers Voluntary Life for you and your dependents, which can be purchased through Guardian. This option gives you the advantage of purchasing life insurance at affordable group rates. It is not a pre-tax benefit option. Premiums are paid with after-tax dollars and this coverage is completely voluntary.

You may purchase additional life insurance coverage in increments of $10,000, not to exceed $300,000. During your initial enrollment period, when you are first offered this coverage, you may choose a coverage amount up to $150,000 without providing proof of good health — if you wish to elect an amount that is above $150,000, you will need to complete the Evidence of Insurability (EOI) form found in Guardian’s online portal using the SimpleNexus group number: 582475.

If you leave the company, you can take this policy with you — portability information is available from Human Resources. Benefits begin reducing at age 70 — please refer to your plan documents for the full benefit reduction schedule.

See login to our online enrollment system for Voluntary Life Insurance rates.

You may purchase spouse or domestic partner coverage in increments of $5,000, not to exceed 100% of the employee elected amount, or $250,000. During your initial enrollment period, when you are first offered this coverage, you may choose a coverage amount for your partner up to $50,000 without providing proof of good health — if you wish to elect an amount that is above $50,000, you will need to complete the Evidence of Insurability (EOI) form found in Guardian’s online portal using the SimpleNexus group number: 582475. Benefits terminate when your partner turns age 70.

Children’s insurance coverage is for unmarried dependent children from age 14 days to age 26, subject to eligibility requirements. You may purchase $10,000 of children’s coverage, in increments of $1,000. Infants ages live birth to 14 days have a flat benefit of $1,000. Coverage is inclusive for all children. This means that if you have one child or many children, you pay one flat amount; however, each child is covered individually for the coverage amount.

See enrollment system for Voluntary Life Insurance rates.

This information is designed to help you choose a benefit plan for 2022 only. Please refer to the Plan Documents provided by the carrier for information regarding coverage, limitations and exclusions. If there is a difference between this guide and the Plan Documents, the Plan Documents prevail.