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 |
|
|---|---|
Life Benefit |
$15,000 |
AD&D Benefit |
$15,000 |
Benefit Reduction |
35% at 65 |
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.
Please see Employee Navigator for costs during your enrollment period.
Benefits |
|
|---|---|
Employee |
|
Benefit Maximum |
$10,000 increments to lesser of 5x annual |
Guaranteed Issue |
$100,000 |
Spouse |
|
Benefit Maximum |
$5,000 increments to lesser of 50% of |
Guaranteed Issue |
$50,000 |
Child(ren) |
14 days to 26 years old |
Benefit Maximum |
$1,000 increments to a max of $10,000 |
Guaranteed Issue |
$10,000 |
Benefit Reduction |
35% at 65 |