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.
Benefit |
|
|---|---|
Coverage Amount |
$30,000 |
Age Reduction Schedule |
To 67% 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. This benefit is 100% employee paid.
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.
Benefit |
|
|---|---|
Waiting Period |
1st of the month following 60 day(s) |
Employee |
Increments of $10,000 to a maximum of $300,000 |
Spouse |
Minimum of $5,000 |
Child |
Age 14 days to 6 months: |
Guaranteed |
Employee: |