Life / AD&D

BASIC & VOLUNTARY LIFE/AD&D

Protecting your family’s future is no doubt one of your highest priorities. One way to help achieve this goal is through life insurance. In addition to the basic life insurance, you will also get the same amount for accidental death and dismemberment (AD&D). This benefit offers financial protection to you in case of injury or death caused by an accident.

  • Basic Life | One times earnings up to a maximum of $1,000,000 Basic life insurance is a simple life insurance policy, often offered as part of a benefits package at a company along with group health insurance, paid time off and more.
  • Employee Voluntary Life | Choices of one to ten times annual earnings, to a maximum of $2,000,000 You have the option to purchase additional Life and AD&D Insurance to supplement your basic benefits.
  • Spouse Voluntary Life | You may purchase life insurance for your spouse in the amounts of $10,000; $25,000; $50,000; $100,000; $150,000 or $250,000 You have the option to purchase additional Life and AD&D Insurance to supplement your basic benefits.
  • Child Voluntary Life | You may purchase life insurance for your child(ren) in the amounts of $5,000; $10,000; $25,000 You have the option to purchase additional Life and AD&D Insurance to supplement your basic benefits.
  • Guarantee Issue | Employee - Lesser of 3 times your annual salary up to $650,000; Spouse - $30,000; Child(ren) - $25,000 Evidence of Insurability (EOI form) may be required for voluntary life insurance, if you do not elect coverage as a new hire for yourself and your spouse/domestic partner.
  • Evidence of Insurability | Required to complete health questionnaire if you apply after your initial enrollment. Evidence of Insurability (EOI form) may be required for voluntary life insurance, if you do not elect coverage as a new hire for yourself and your spouse/domestic partner.

The definition of earnings includes your gross annual rate of pay including commissions, but excluding overtime and bonuses. 

  • Basic AD&D | One times earnings up to a maximum of $1,000,000 Basic life insurance is a simple life insurance policy, often offered as part of a benefits package at a company along with group health insurance, paid time off and more.
  • Employee Voluntary AD&D | $25,000 to $2,000,000 coverage in increments of $25,000. The maximum amount of coverage is the lesser of 10 times your basic annual earnings of $2,000,000 You have the option to purchase additional Life and AD&D Insurance to supplement your basic benefits.
  • Spouse Voluntary AD&D | 50% of your coverage amount, not to exceed $1,000,000 You have the option to purchase additional Life and AD&D Insurance to supplement your basic benefits.
  • Child Voluntary AD&D | 15% of your coverage amount, not to exceed $300,000 You have the option to purchase additional Life and AD&D Insurance to supplement your basic benefits.

RESOURCE LIBRARY

Learn More about Life Insurance

DID YOU KNOW

During your first enrollment, you can enroll up to the guaranteed issue with no medical questions asked.