Life and AD&D Insurance

Basic Life insurance – You receive Basic Life insurance coverage at no cost to you, and you do not need to enroll in any other health and protection program. Basic Life insures you for $15,000.

Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).

Eligible employees may purchase additional Voluntary Life and AD&D insurance at favorable group rates. Participants pay 100% of the premium. Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.

If you purchase life insurance coverage above a certain limit (the “guaranteed issue” amount) or after your initial eligibility period, you will need to submit Evidence of Insurability with additional information about your health for the insurance company to approve the amount of coverage.

For you: Increments of $25,000 up to upto $75,000. Guarantee Issue amount for newly eligible is $75,000.

For your spouse: Increments of $5,000 up to lesser of 50% of employee amount. Guarantee issue amount for newly eligible dependents is $25,000.

For your children: Birth to 15 days: $100. Guaranteed issue amount $10,000.  Child, 15 Days to 6 months:$1,000 Guaranteed issue amount $10,000.  Child, 6 months to 26 years: Increments of $1,000, $2,000, $4,000, $5,000, or $10,000. Guarantee issue amount for newly eligible dependent children is $10,000.

Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.