Basic Coverage for You

• Provided at no cost to you
• 2x your annual base pay up to $500,000 maximum
• Coverage amount is reduced by 50% at age 70

Supplemental Coverage for You

• You can purchase 1x to 5x your annual base pay
• Some amounts require proof of good health
• Maximum: $750,000

Spouse or Domestic Partner Life Insurance

• Spouse or domestic partner life insurance will end when you reach age 74
• Premiums are paid on an after-tax basis
• You choose any amount in increments of $10,000, up to the maximum of 50% of your own life insurance coverage (basic plus supplemental) or $100,000, whichever is less
• Amounts over $30,000 require proof of good health

Child Life Insurance

• You can purchase $10,000 per child in life insurance coverage for children between age 14 days and 26 years old, as long as your child is not a full-time Ingram associate
• From 14 days to 6 months, the benefit is $500; after 6 months, the benefit increases to the full $10,000
• You pay the same rate regardless of the number of children you are covering
• Note: If you and your spouse or domestic partner are both benefit-eligible associates, only one of you can cover a dependent child

Proof of Good Health

Certain life insurance coverage amounts require you to provide proof of good health or Evidence of Insurability (EOI), which is a form that you (or your spouse or domestic partner) and your doctor(s) may need to complete that summarizes your current health status.

EOI is required for the following changes:

• As a new hire, supplemental life higher than $850,000, or a spouse or domestic partner life insurance higher than $30,000
• During any life event
• Until the insurance company approves your request, you receive the maximum coverage allowed without proof of good health

Life Insurance and Taxes

• If your Ingram life insurance coverage (basic and supplemental combined) is greater than $50,000, the IRS requires that the “value” of coverage over $50,000 be considered taxable pay
• The value is calculated according to an IRS table and will appear on the W-2 that the company prepares for you at the end of the year