. Personal Life Overview No one likes to think about the need for life insurance, but it's comforting to know that you've protected your family against loss of income in the event of your death or the death of your spouse. Personal Benefits Life Insurance is term coverage made available through your benefits plan sponsor but is purchased by you. Since this is individual coverage and you're the policyholder, you can continue the coverage even if you change employment or your group benefits plan changes. Personal Life Insurance coverage offers: $25,000 of life insurance for each of you and your spouse without providing medical information; the opportunity to purchase coverage of up to $500,000 in units of $25,000 with additional medical information; child life coverage in the amount of $20,000 for each of your eligible children; coverage for you and your spouse up to a termination age of 70, and a termination age of 21 for each covered child. Help protect your family against loss of income in the event of your death or the death of your spouse. Personal Life Living Benefit In the unfortunate event that you or your spouse become terminally ill, the Living Benefit provides: a one-time advance payment in an amount that is equal to 50% of the face amount of the life coverage you have, up to a maximum of $50,000. Your Personal Life Insurance benefit amount will be reduced by the amount of the Living Benefit amount paid. In addition, once we have made a Living Benefit pay-out we will waive your Personal Life Insurance premium for up to 12 months. The Living Benefit amount will only be payable once your Personal Life Insurance has been in effect for 2 years.