Life and AD&D Benefits
Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer-paid benefit, provided at no cost to you. The basic life benefit will be paid to your beneficiaries in the event of your death. The AD&D benefit will be paid in the event of an injury resulting from a covered accident.
Benefits |
|
|---|---|
Benefits Amount |
$25,000 |
Maximum Benefit |
$25,000 |
Guarantee Issue |
$25,000 under age 70 |
Waiver of Premium |
Yes |
Accelerated Death Benefit |
Yes, 75% |
Conversion |
Yes |
Age Reduction Schedule |
Age 65 - 35% |
When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children. Coverage purchased through this plan is offered at a group discounted rate with guaranteed issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Employee |
|
Benefit Amount |
Increments of $10,000 up to maximum benefit |
Maximum Benefit |
$500,000 |
Guaranteed Issue |
$150,000, if under age 70 |
Spouse |
|
Benefit Amount |
Increments of $5,000 up to maximum benefit |
Maximum Benefit |
$150,000 |
Guaranteed Issue |
$30,000, if spouse is under age 70 |
Child(ren) |
|
Benefit Amount |
$5,000 or $10,000 (no AD&D available) |
Maximum Benefit |
$10,000 |
Guaranteed Issue |
$10,000 (cannot exceed 50% of employee benefit) |
Waiver of Premium |
Yes |
Portability |
Yes |
Accelerated Death Benefit |
included |
Age Reduction Schedule |
65% at age 65 |