Life Insurance
Financial protection for the unexpected.
Life is unpredictable. You can't predict when you'll die, whether from disease, accidental injury, or natural causes. But, you can purchase coverage to help provide cash benefits to help pay for funeral expenses, or additional expenses your family may have to face without a paycheck of a wage earner. Make sure money won't be a concern for you or your family with our group voluntary term life plan available for all Part-Time employees.
What it is...
Everyone has the need for financial security, but the needs of each person can vary. That is where term life insurance can help. It provides cost effective coverage at economical group rates. Allstate term life coverage helps offer peace of mind during life-changing events. Final expenses and daily bills shouldn't add to the stress. The cash benefit when a covered employee dies can be used to pay off debts, provide for childcare or educational expenses, or replace income to continue the same standard of living.
What it covers...
Coverage provided is as follows.*
Guarantee issue amounts are based on employee age as of January 1, 2019.
19 – 59: $30,000
60 – 69: $20,000
70+: $10,000
Coverage available for employees only.
Weekly premiums
| Ages |
| Max Employee Life Amount | Under 30 | 30-34 | 35-39 | 40-44 | 45-49 | 50-54 | 55-59 |
| $30,000 | $0.90 | $1.04 | $1.38 | $2.01 | $3.18 | $4.64 | $7.75 |
| Ages |
| Max Employee Life Amount | 60-64 | 65-69 |
| $20,000 | $7.52 | $12.46 |
| Ages |
| Max Employee Life Amount | 70-74 | 75-79 | 80+ |
| $10,000 | $9.78 | $16.50 | $28.13 |
*Please see actual policy to determine exact plan coverage.
How do I enroll?
• During Open Enrollment (Fall 2023)
• First 30 days of employment or first 30 days following a Full Time/Regular Time to Part Time status change
• First 30 days following a qualifying life event
• Enroll online at hy-veePTenroll.com
Basic Life Insurance: Contribution-Eligible Employees Only:
Hy-Vee offers Basic life insurance coverage to provide financial protection if you die while you are still working. Hy-Vee covers the full cost of a $10,000 benefit amount for eligible Part-Time employees. Part-Time employees who are not eligible may choose to enroll in the voluntary offering. Employees may become eligible for the Hy-Vee premium contribution upon reaching 6 months of PT employment with Hy-Vee and averaging 20 or more hours worked per week for 13 pay periods.
Upon meeting the contribution eligibility requirements, eligible employees will be auto-enrolled in this benefit by Hy-Vee. Further details may be found at hy-veePTenroll.com or Hy-Vee Huddle, on the H.R./Benefits page.
Midwest Heritage Insurance Service Team
800-622-0057
csr@mhbankins.com
Products offered by Midwest Heritage Insurance Services are not insured by the FDIC or any other Federal Government Agency, are not a deposit or obligation of, or guaranteed by Midwest Heritage, may involve investment risks, including possible loss of principal amount invested, and may lose value.