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 |
2x annual salary, or up to $200,000 |
AD&D Benefit |
2x annual salary, or up to $100,000 |
Benefit Reduction |
65% at age 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 |
Up to $500,000 in |
Guaranteed Issue |
5x annual salary up to |
Spouse |
|
Benefit Maximum |
100% of EE's benefit |
Guaranteed Issue |
$25,000 |
Child(ren) |
|
Benefit Maximum |
100% of EE's benefit |
Guaranteed Issue |
$10,000 |
Monthly Cost by Age |
|
|---|---|
Age |
Rate |
0-24 |
$0.07 |
25-29 |
$0.07 |
30-34 |
$0.08 |
35-39 |
$0.10 |
40-44 |
$0.15 |
45-49 |
$0.25 |
50-54 |
$0.42 |
55-59 |
$0.65 |
60-64 |
$1.02 |
65-69 |
$1.83 |
70-74 |
$3.28 |
75-79 |
$5.40 |
80+ |
$10.95 |
Child |
$0.14 |
AD&D |
$0.04 |