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 |
|
|---|---|
Basic Life Benefit |
$15,000 |
AD&D Benefit |
$15,000 |
Guarantee Issue Amount |
$15,000 |
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 - Life |
$10,000 increments to a maximum of the lesser of 5.00 times pay or $500,000 |
Employee - AD&D |
100% of the Supplemental Term Life benefit |
Spouse - Life |
$5,000 increments to a max of $100,000, not to exceed 50% of employee’s Optional |
Spouse - AD&D |
Waiver of Premium (disabled prior to 60, coverage continues to 65) |
Dependent Children |
Child 15 days to 6 months old: $100 |
Employee & Spouse Rates |
|
|---|---|
Tier |
Rate |
<30 |
$0.09 |
30-34 |
$0.11 |
35-39 |
$0.14 |
40-44 |
$0.18 |
45-49 |
$0.25 |
50-54 |
$0.46 |
55-59 |
$0.76 |
60-64 |
$1.15 |
65-69 |
$1.85 |
70+ |
$3.49 |
AD&D |
$0.02 |
Child Rates |
|
|---|---|
Tier |
Rate |
All Ages |
$0.24 |
AD&D |
$0.05 |