Life Insurance | Sparrow Health System Benefits

IUE-Represented Caregivers

Life Insurance Benefits Overview

Benefit	Plan Description	Key Features	What’s New This Year?
Life Insurance Beneficiary Form	Basic Life Insurance	Full premium paid by Sparrow. For eligible Full-Time Caregivers, the life insurance benefit is equal to the amount of a Caregiver’s base annual salary. Eligible Part-Time Caregivers, the life insurance benefit is equal to $10,000. Age reduction provisions apply beginning at age 65. Please refer to the benefit policy for details.	No Changes
Full-Time Flyer Part-Time Flyer	Supplemental Life Insurance Enrollment Form (Full Time) Enrollment Form (Part Time)	Offers Caregivers the opportunity to add life insurance coverage beyond basic Sparrow-provided coverage to expand coverage for themselves, their legal spouse and dependents under the age of 26. Elections must be made within 30 days for date of hire or qualifiying status change or during Annual Open Enrollment.

Benefit

Plan Description

Key Features

What’s New This Year?

Basic Life Insurance

Full premium paid by Sparrow. For eligible Full-Time Caregivers, the life insurance benefit is equal to the amount of a Caregiver’s base annual salary. Eligible Part-Time Caregivers, the life insurance benefit is equal to $10,000.

Age reduction provisions apply beginning at age 65. Please refer to the benefit policy for details.

No Changes

Full-Time Flyer
Part-Time Flyer

Supplemental Life Insurance

Enrollment Form (Full Time)

Enrollment Form (Part Time)

Offers Caregivers the opportunity to add life insurance coverage beyond basic Sparrow-provided coverage to expand coverage for themselves, their legal spouse and dependents under the age of 26. Elections must be made within 30 days for date of hire or qualifiying status change or during Annual Open Enrollment.

For Information Call:

Total Rewards Hotline

517-364-5333

[email protected]

This is a summary of the benefits provided by each insurance carrier and it is not intended to fully describe the details of each benefit plan. Should any questions arise, the contracts in effect will take precedence.