[et_pb_section fb_built="1" inner_shadow="on" fullwidth="on" _builder_version="3.22" custom_padding="0|0px|0|0px|false|false"][et_pb_fullwidth_header subhead="Life Insurance" background_overlay_color="rgba(255,255,255,0)" content_max_width="62%" content_max_width_tablet="57%" content_max_width_phone="60%" content_max_width_last_edited="on|phone" _builder_version="4.7.7" title_text_color="#48484a" title_font_size="16px" title_letter_spacing="2px" title_line_height="1.2em" content_text_color="#48484a" subhead_text_color="#48484a" subhead_font_size="48px" subhead_line_height="1.1em" background_color="#ffffff" background_color_gradient_direction="90deg" background_image="http://www.ingrambenefits.com/wp-content/uploads/2019/09/lighthouse2.jpg" background_position="top_right" background_layout="light" custom_padding="7vw||7vw||true" custom_padding_tablet="6vw||6vw||true" custom_padding_phone="3vw||3vw||true" custom_padding_last_edited="on|tablet" title_font_size_tablet="15px" title_font_size_phone="14px" title_font_size_last_edited="on|phone" subhead_font_size_tablet="37px" subhead_font_size_phone="28px" subhead_font_size_last_edited="on|phone" custom_css_main_element="margin-right: -25px;" custom_css_subtitle="font-weight: 700;" subhead_text_shadow_style="preset3" text_shadow_style="preset3" text_shadow_blur_strength="0.55em" text_shadow_color="#48484a" button_one_text_size__hover_enabled="off" button_one_text_size__hover="null" button_two_text_size__hover_enabled="off" button_two_text_size__hover="null" button_one_text_color__hover_enabled="off" button_one_text_color__hover="null" button_two_text_color__hover_enabled="off" button_two_text_color__hover="null" button_one_border_width__hover_enabled="off" button_one_border_width__hover="null" button_two_border_width__hover_enabled="off" button_two_border_width__hover="null" button_one_border_color__hover_enabled="off" button_one_border_color__hover="null" button_two_border_color__hover_enabled="off" button_two_border_color__hover="null" button_one_border_radius__hover_enabled="off" button_one_border_radius__hover="null" button_two_border_radius__hover_enabled="off" button_two_border_radius__hover="null" button_one_letter_spacing__hover_enabled="off" button_one_letter_spacing__hover="null" button_two_letter_spacing__hover_enabled="off" button_two_letter_spacing__hover="null" button_one_bg_color__hover_enabled="off" button_one_bg_color__hover="null" button_two_bg_color__hover_enabled="off" button_two_bg_color__hover="null"][/et_pb_fullwidth_header][/et_pb_section][et_pb_section fb_built="1" use_custom_gutter="on" gutter_width="2" specialty="on" padding_top_1="0px" padding_top_2="0px" padding_right_1="30px" padding_1_tablet="|15px||" padding_2_tablet="" padding_1_phone="|0px||" padding_2_phone="" padding_1_last_edited="on|desktop" padding_2_last_edited="on|desktop" module_class_1="basic_column_no_sideborder" custom_css_main_1="border-right: 2px dotted #d9d9d9;" _builder_version="3.29.2"][et_pb_column type="2_3" specialty_columns="2" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_row_inner _builder_version="3.25" custom_margin="||0px|" custom_padding="0px||0px|"][et_pb_column_inner saved_specialty_column_type="2_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text admin_label="Text - intro" _builder_version="3.29.2" text_font="|300|||||||" text_text_color="#48484a" text_font_size="24px" text_line_height="32px" custom_margin="||15px||false|false" custom_padding="||1em||false|false" text_font_size_tablet="" text_font_size_phone="21px" text_font_size_last_edited="on|desktop" text_line_height_tablet="" text_line_height_phone="28px" text_line_height_last_edited="on|desktop" border_width_bottom="1px" border_color_bottom="#00529c" saved_tabs="all"]<p>Life insurance pays a benefit to named beneficiary(ies) in the event of death. Ingram provides basic coverage for you, and you can choose to purchase supplemental coverage for you as well as coverage for your spouse/domestic partner or child(ren).</p>[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner custom_padding_last_edited="on|phone" admin_label="Row" _builder_version="3.25" custom_padding="15px||38px||false|false" custom_padding_tablet="||14px|" custom_padding_phone="||0px|"][et_pb_column_inner saved_specialty_column_type="2_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text admin_label="Text - body" _builder_version="4.7.7" _module_preset="default"]<h3>Basic Coverage for You</h3>
<ul>
<li>Provided at no cost to you</li>
<li>2x your annual base pay up to $250,000 maximum</li>
<li>Coverage amount is reduced by 50% at age 70</li>
</ul>
<h3>Supplemental Coverage for You</h3>
<ul>
<li>You can purchase 1x to 5x your annual base pay</li>
<li>Some amounts require proof of good health</li>
<li><strong>Maximum:</strong> Your basic and supplemental associate life coverage added together cannot exceed $1 million for full-time associates and $500,000 for part-time associates</li>
</ul>
<h3>Spouse or Domestic Partner Life Insurance</h3>
<ul>
<li>Spouse or domestic partner life insurance will end when you reach age 74</li>
<li>Premiums are paid on an after-tax basis</li>
<li>You choose any amount in multiples of $10,000, up to the maximum of 50% of your own life insurance coverage (basic plus supplemental) or $100,000, whichever is less</li>
<li>Amounts over $30,000 require proof of good health</li>
</ul>
<h3>Child Life Insurance</h3>
<ul>
<li>You can purchase $10,000 per child in life insurance coverage for children between age 14 days and 26 years old, as long as your child is not a full-time Ingram associate</li>
<li>From 14 days to 6 months, the benefit is $500; after 6 months, the benefit increases to the full $10,000</li>
<li>You pay the same rate regardless of the number of children you are covering</li>
<li><strong>Note:</strong> If you and your spouse or domestic partner are both benefit-eligible associates, only one of you can cover a dependent child</li>
</ul>
<h3>Proof of Good Health</h3>
<p>Certain life insurance coverage amounts require you to provide proof of good health or Evidence of Insurability (EOI), which is a form that you (or your spouse or domestic partner) and your doctor(s) may need to complete that summarizes your current health status.</p>
<p>EOI is required for the following changes:</p>
<ul>
<li>As a new hire, supplemental life higher than $850,000, or a spouse or domestic partner life insurance higher than $30,000</li>
<li>During any life event</li>
<li>Until the insurance company approves your request, you receive the maximum coverage allowed without proof of good health</li>
</ul>
<h3>Life Insurance and Taxes</h3>
<ul>
<li>If your Ingram life insurance coverage (basic and supplemental combined) is greater than $50,000, the IRS requires that the “value” of coverage over $50,000 be considered taxable pay</li>
<li>The value is calculated according to an IRS table and will appear on the W-2 that the company prepares for you at the end of the year</li>
</ul>[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][/et_pb_column][et_pb_column type="1_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text admin_label="Text - designating beneficiaries" _builder_version="4.7.7" ul_font_size="16px" header_3_font="|||on|||||" header_3_text_color="#2f378e" header_3_font_size="18px" header_3_line_height="1.2em" min_height="109px" custom_margin="||0px|||" custom_padding="0px||0px|||" saved_tabs="all"]<h3>Designating Beneficiaries</h3>
<p>Designating your beneficiaries ensures your benefits are paid to your intended loved ones. It also makes it easier for them to access the money by avoiding the delays of probate. To designate your beneficiaries, go to <a href="http://myingrambenefits.com/" target="_blank" rel="noopener">MyIngramBenefits.com</a> any time during the year.</p>[/et_pb_text][et_pb_button button_url="http://myingrambenefits.com/" url_new_window="on" button_text="myingrambenefits.com" admin_label="Button - myingrambenefits" _builder_version="4.7.7" custom_button="on" button_text_size="15px" custom_margin="15px||||false|false"][/et_pb_button][et_pb_divider show_divider="off" admin_label="Divider - 15" _builder_version="4.7.7" _module_preset="default" custom_margin="15px||||false|false"][/et_pb_divider][et_pb_text admin_label="Text - contact" _builder_version="4.7.7" ul_font_size="16px" header_3_font="|||on|||||" header_3_text_color="#2f378e" header_3_font_size="18px" header_3_line_height="1.2em" min_height="109px" custom_margin="||0px|||" custom_padding="0px||0px|||" saved_tabs="all"]<p><span style="color: #333333; font-size: 22px;">Contact Prudential</span></p>
<p>800-524-0524</p>[/et_pb_text][et_pb_image src="http://www.ingrambenefits.com/wp-content/uploads/2019/09/istockphoto-930546398-612x612-1.jpg" _builder_version="4.7.7" custom_margin="10px||||false|false" src__hover_enabled="on|desktop"][/et_pb_image][/et_pb_column][/et_pb_section]