Each Bolin-owned company offers a group life insurance policy to full-time employees at no cost to the employee. This policy is in place as long as the person is employed with us. This full-time benefit goes into effect at the employee’s 90th day of employment.
Contact HR for specific details. Always make sure your beneficiary information is updated.
Bolin Enterprises and Bolin Fuel Oil Propane Additional Life Benefit:
Voluntary Term Life and AD&D Insurance: Blue Cross Blue Shield
Voluntary Term Life/AD&D allows you to purchase additional coverage at your own financial expense to ease your loved ones’ financial burden if something should happen to you. Costs are determined on group discounted rates. Always make sure your beneficiary information is updated.
An employee’s maximum benefit election cannot exceed $500,000. A spouse’s maximum election cannot exceed 50% of what the employee takes out on themselves.
The cost of the benefit is 100% paid for by you. Your age and the amount of insurance you elect determines the premium you’ll pay. Costs will go up as you age. See your plan documents for more detail.
**PLEASE NOTE: Guaranteed Issue applies to New Hires only, available to enroll on their 90th day of employment. For all other employees, if you waived enrollment during your new hire eligibility period or during open enrollment of December 2021, guaranteed issue will not apply. You are still able to enroll but will be subject to evidence of insurability.