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 |
|
|---|---|
Life Benefit |
$50,000 |
AD&D Benefit |
$50,000 |
Benefit Reduction |
35% at 65 |
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 |
5x Annual Salary up to $500K |
Guaranteed Issue |
$100,000 |
Spouse |
|
Benefit Maximum |
100% of Employee Life up to $500K |
Guaranteed Issue |
$25,000 |
Child(ren) |
|
Benefit Maximum |
$10,000 |
Rates By Age Per $1,000 |
|||
|---|---|---|---|
Age |
Rate |
Age |
Rate |
<25 |
$0.020 |
65-69 |
$0.570 |
25-29 |
$0.030 |
70-74 |
$1.040 |
30-34 |
$0.050 |
75-79 |
$3.500 |
35-39 |
$0.070 |
80-84 |
$3.500 |
40-44 |
$0.110 |
85+ |
$3.500 |
45-49 |
$0.170 |
Child(ren) |
$0.300 |
50-54 |
$0.250 |
Employee AD&D |
$0.017 |
55-59 |
$0.350 |
Spouse AD&D |
$0.017 |
60-64 |
$0.430 |
Child(ren) AD&D |
$0.017 |