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 |
$25,000 |
AD&D Benefit |
$25,000 |
Benefit Reduction |
35% reduction at age 65; additional 25% reduction of original a mount at age 70; |
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.
Employee |
Spouse |
Child(ren) |
|
|---|---|---|---|
Maximum Benefit |
Up to $300,000 |
100% of employee benefit up |
$5,000 to $10,000 |
Guarantee Issue |
First $100,000 |
$30,000 |
$5,000 to $10,000 |
Annual Increase |
$10,000 |
EOI required for all amounts |
$5,000 to $10,000 |