NMG provides $20,000 in basic life coverage to all benefits-eligible associates.
Your enrollment is automatic and there is no cost to you. You may also purchase optional term life insurance coverage for yourself, your spouse/domestic partner, and/or your child(ren).
Optional Term Life Insurance
You can choose optional term life insurance individual coverage or coverage for eligible dependents. Amounts over the guaranteed issue amount will be subject to Evidence of Insurability (EOI).
You do not have to cover yourself to choose spouse/domestic partner and/or child(ren) coverage. Log on to NMGbenefits.com for coverage amount options and costs.
Please note, associates eligible for the MetLife/Paragon Executive Life Program are not eligible for the basic, associate optional, and dependent optional term life insurance plans and will receive enrollment information at their home directly from MetLife.
Your life insurance coverage begins reducing after age 70.
What Is Evidence of Insurability?
Evidence of Insurability (EOI) is a statement of medical history and related information, which is used to determine whether an applicant will be approved for coverage.