Is there open enrollment without proof of insurability every year?
A. Directly enrolling for the first time in Employee Life/AD&D at 4 x annual base salary or any coverage amount over $750,000 will require Evidence of Insurability (EOI) before your choice can be accepted. Cooper people already enrolled in Employee Life/AD&D may increase coverage by one level without EOI. This also applies to Employee Life/AD&D increasing from 3x to 4x base salary. EOI is required, however, to move up more than one level for Employee Life/AD&D coverage. When EOI is required, you’ll automatically receive the next lowest coverage level available while your EOI form is being approved. An EOI form will be included with your confirmation statement, and you will need to complete and return it in the envelope provided.
