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.
FT Employees (excluding Managers) |
|
|---|---|
Life Benefit |
2x Salary up to $300,000 |
AD&D Benefit |
Equal to the life insurance benefit or as indicated in the |
Benefit Reduction |
Benefits will begin to decrease at age 65 |
The Life insurance benefit also provides an employee assistance program (EAP) through |
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 guarantee issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
You will need to provide evidence of insurability if:
• You elect to initially enroll in an amount over the guarantee issue amount
• You elect to increase your current amount in excess of the guarantee issue amount
All Active FT Employees |
||
|---|---|---|
Your contributions will depend on your age and the amount of coverage |
Elections |
|
Employee |
in $10,000 |
|
Benefit Maximum |
5x your Basic Annual |
|
Guarantee Issue |
$100,000 |
|
Spouse |
in $5,000 |
|
Benefit Maximum |
100% of the EE’s Vol. Life Insurance amount up to $250,000 |
|
Guarantee Issue |
$40,000 |
|
Child(ren) |
||
Benefit Maximum |
$10,000 |
|
Guarantee Issue |
$10,000 |