Life Insurance

Greenlight Networks will continue to provide all full-time, benefit eligible employees with company paid life insurance in the flat amount of $50,000.

Depending on what stage of life you’re in, you may want to purchase additional life insurance for yourself or loved ones.  You do have the option of purchasing supplemental life insurance for yourself, spouse, and/or child(ren).  The cost is 100% paid by the employee through post-tax payroll deductions.  If you’d like to elect coverage for a spouse or child(ren), an employee will need to of elected supplemental coverage for themselves (and be approved for coverage) first.  Please review the benefit guide or benefit summaries for more information on supplemental life amounts you can purchase.

Please Note: If you waived supplemental life insurance coverage as a new hire, or in past open enrollment periods, but would like to elect it for 1/1/25, you are considered a late entrant and will be required to submit an Evidence of Insurability (EOI) form to Guardian for consideration.  If you do not submit this form, you will not have this coverage.  If / Once you do submit an EOI, Guardian will review the request, and send you a letter with their determination (whether you’re approved for coverage, whether they require additional information, or if you’re denied coverage).  If you’re approved for coverage, the letter will specify what the effective date is, which is when you’ll begin paying for the coverage through post-tax payroll deductions.

However, if you elected coverage as a new hire and would like to increase your amount for 1/1/25, you’re able to do so.  Under your Annual Election Option, you have the ability to increase your life insurance amount by up to $50,000 without EOI (as long as it doesn’t exceed the Guaranteed Issue – GI).