Life and AD&D Benefits
This is a 100% Employer-Paid Benefit
Life Insurance provides people you love with financial support when you can’t be there – and when they need it most.
Benefit |
|
|---|---|
Benefit Amount |
1x Annual Earnings |
Maximum Benefit |
$50,000 |
AD&D Benefit |
Same as Life Benefit |
Benefit Reduction |
to 67% at age 70 |
Employees must elect Voluntary Life for themselves in order to elect Dependent Voluntary Life. See plan documents for a list of rates.
Employee Benefit |
|
|---|---|
Benefit Amount |
Increments of $10,000 |
Maximum Benefit |
Lesser of $500,000 or 5x Annual Earnings |
Guaranteed Issue Amount |
Lesser of Current Amount or $100,000 |
Spouse Benefit |
|
|---|---|
Benefit Amount |
Increments of $5,000 (Cannot exceed 100% of voluntary life employee amount) |
Maximum Benefit |
$250,000 |
Guaranteed Issue Amount |
$50,000 |
Child Benefit |
|
|---|---|
Benefit Amount |
$10,000 |
Maximum Benefit |
$10,000 |