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.
Plan Description |
|
|---|---|
Eligibility Waiting Period |
31 days after date of hire. Full time employees working 30 or more hours per week |
Basic Life |
1 times annual earnings; $10,000 to $125,000 |
Basic AD&D |
Equal to life benefit |
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.
*The deduction for Voluntary Life & AD&D occurs during the second payroll of each month.
Plan Features |
Full-Time Employees |
|---|---|
Eligibility Waiting Period |
31 days after date of hire. Full-time employees working 30 or more hours per week. |
Employee Voluntary Life |
$10,000 to $500,000, in increments of $10,000. |
Employee Guaranteed Issue |
5 times your annual earnings or $130,000, whichever is less. |
Spouse Voluntary Life |
$5,000 to $250,000, in increments of $5,000, provided the amount elected does not exceed 100% of the Employee amount of life insurance. |
Spouse Guaranteed Issue |
100% of the employee amount of life insurance or $50,000, whichever is less. |
Child Voluntary Life |
$10,000, provided the amount elected does not exceed 100% of employee amount of life insurance. |
*Should employment be terminated, portability or conversion options are available. |