You may elect any coverage amount (Principal Sum) for yourself from $25,000 to $500,000*, in $25,000 increments. Coverage for your eligible dependents is determined automatically, based on your family structure.
Family Structure |
Dependent’s Principal Sum is Equal to: |
Spouse, Only |
60% of your Principal Sum** |
Spouse
& Child(ren) |
|
Child(ren), Only |
|
* Principal Sum amounts over $250,000 cannot exceed 10 times your Annual Base Salary.
** The maximum coverage amount for each spouse is $300,000 and for each dependent child is $50,000. This maximum applies even if both parents are employed at ABX Air and enrolled in this Plan.
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