Life Insurance Overview

Planning for the financial well being of your family in the event of an untimely death can offer you and your dependents peace of mind. eFunds group term Life Insurance and Accidental Death & Dismemberment (AD&D) Insurance from CIGNA will provide financial assistance to your beneficiary (ies) in case of your.

As part of your eFunds benefits, you will automatically receive 1 times your annual base salary for the Life Insurance, rounded to the next higher $1,000, up to a maximum of $500,000. (Your base salary, for purpose of this calculation, is your salary as of 12/31/03 or your salary as of your hire date, if after 12/31/03.) This coverage is provided by eFunds at no cost to you.

Accidental Death & Dismemberment (AD&D) Insurance is also provided at no cost to you. This policy provides coverage in the event you are seriously injured or killed in an accident. This benefit is payable to you or your beneficiary (ies) in addition to your life insurance benefits. The full benefit in the event of your death, is 1 times your annual base salary, rounded to the next higher $1,000, up to a maximum of $500,000.

AD&D benefits will be paid for a loss that occurs within 365 days of an accident that occurs while you are covered under this plan. The benefit is reduced 35% once you reach age 65, and 50% at age 70. The full AD&D benefit will be payable for the accidental loss of:

• Life
• Sight in Both Eyes
• Both Feet or Hands
• Sight in One Eye and a Foot or a Hand

Half of the AD&D benefit will be payable for the accidental loss of:

• One Hand
• One Foot
• Sight in One Eye

No AD&D benefit will be paid for accidental loss incurred under these circumstances:

• Suicide or such attempts
• Insurrection or War
• Military Service
• Mental Infirmity
• Air Travel Other Than as a Fare-Paying Passenger
• Participation in or any Attempt to Commit an Assualt or Felony
• Use of Drugs (except as prescribed by a physician)

Please be sure to keep up-to-date beneficiary forms on file regarding your Life Insurance benefits. Blank forms can be found under the Forms link on eServe.

Both Life and AD&D Insurance terminate on your last day of emploment with eFunds. This coverage wold also terminate if you become ineligible for benefits. Certificates of coverage for each of these benefits can be found under the Forms link.

In addition to the company paid Life and AD&D Insurance benefit for you, Supplemental Life Insurance is available for yourself, your spouse and/or your eligible dependent children. To cover your spouse and/or eligible dependents for this benefit, you must elect Supplement Life Insurance for yourself too.

Supplemental Life Insurance:

For Yourself

You may elect supplemental life insurance coverage for yourself in increments of $10,000 up to a maximum of $500,000 or 5 times your annual salary, whichever is less. You pay your share for the cost of this coverage with after-tax dollars through convenient payroll deductions. Rates are determined by your age and the amount of coverage you choose. If you elect an amount of life insurance coverage in excess of $200,000, you may need to provide CIGNA with evidence of insurability. Also, your group term life and supplemental life insurance coverage will be automatically reduced when you reach key ages. Special coverage provisions apply if you should become totally disabled prior to reaching age 60 or become terminally ill.

For Your Dependents

You may also purchase dependent life insurance coverage for your eligible dependents. Domestic partners are considered eligible dependents for this coverage. This coverage is available, through application, for your spouse/domestic partner in $10,000 increments, up to $500,000. For your eligible dependent children, you may apply a child rider on your own insurance certificate in the following increments of coverage: $2,500, $5,000, $10,000, $15,000 and $25,000. To be eligible, your dependent children must be at least 15 days old, but under age 19. Coverage terminates at age 25. If you elect over $30,000 coverage on your spouse/domestic partner, you may need to provide CIGNA with evidence of insurability. Dependent coverage is purchased with post-tax dollars due to IRS regulations. The cost of this coverage will be conveniently deducted from your paycheck.