Life and AD&D Insurance
Life and Accidental Death & Dismemberment (AD&D) insurance helps protect your loved ones financially if you pass away or experience a serious injury. These benefits can help cover final expenses, pay off debts like credit cards or mortgages, or provide additional financial stability during a difficult time. Even if you’re single, naming a beneficiary ensures someone you care about receives the support. Coverage includes Basic Life and AD&D at no cost to you, with the option to purchase additional Voluntary Life and AD&D insurance for yourself and your family at group rates.
Basic Life and AD&D
Basic Life insurance: You receive Basic Life insurance coverage at no cost to you, and you do not need to enroll in any other health and protection program. Basic Life insures you for up to a maximum of $25,000.
Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies). Basic AD&D insures you for up to a maximum of $25,000.
Voluntary Life and AD&D
Voluntary Life and AD&D: In addition to Basic Life and AD&D, eligible employees may purchase additional Voluntary Life and AD&D insurance at favorable group rates. Participants pay 100% of the premium. Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. If you decline Voluntary Life insurance when first eligible or if you elect coverage and wish to increase your benefit amount at a later date, evidence of insurability may be required before coverage is approved.
- For you: Increments of $10K or 5X times covered annual earnings up to a maximum of $500K. Guaranteed issue is $150K.
- For your spouse: Increments of $5K up to 100% of employee’s benefit. Guaranteed issue of $25K.
- For your children: $1K increments up to the lesser of 100% of the employee life amount or $10K. Note: Maximum coverage amount from birth to 6 months is $1,000 of coverage.
Life Rates:
Employee Cost per $10,000 of Coverage
Employee Age
15-24: $0.400
25-29: $0.420
30-34: $0.490
35-39: $0.900
40-44: $1.300
45-49: $2.090
50-54: $3.180
55-59: $4.540
60-64: $5.830
65-69: $7.580
70-74: $13.890
75+: $46.660
Spouse Cost per $5,000 of Coverage
Employee Age
15-24: $0.445
25-29: $0.450
30-34: $0.595
35-39: $0.870
40-44: $1.230
45-49: $2.005
50-54: $3.070
55-59: $4.555
60-64: $6.345
65-69: $8.225
70-74: $15.070
75+: $50.635
AD&D Rates:
Employee Cost per $1,000 of Coverage
Employee: $0.032
Spouse: $0.035
Child(ren): $0.084
To find your monthly rate, add your voluntary life cost and your voluntary AD&D rate.