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 |
|
|---|---|
Benefit Amount |
$15,000 |
Reduction Schedule |
Benefits reduce by: |
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 |
|
Benefit Maximum |
$10,000 to $300,000 in $10,000 increments |
Guaranteed Issue |
$200,000 |
Spouse |
|
Benefit Maximum |
$10,000 to $250,000 in $5,000 increments |
Guaranteed Issue |
$25,000 |
Child(ren) |
|
Benefit Maximum |
$5,000 or $10,000 |
Guaranteed Issue |
$10,000 |
Employee Rate |
per $1,000 by Age |
|---|---|
Age |
Rate |
<30 |
$0.194 |
30-34 |
$0.205 |
35-39 |
$0.274 |
40-44 |
$0.408 |
45-49 |
$0.653 |
50-54 |
$1.077 |
55-59 |
$1.743 |
60-64 |
$2.774 |
65-69 |
$5.629 |
70-74 |
$10.614 |
75+ |
$10.614 |
Child |
$0.166 |
AD&D |
$0.036 |