Life and AD&D
We provide you with coverage to help protect your family’s income against the unexpected.
Basic life insurance and accident coverage is provided to you at no cost. Beyond that, you have options to increase your coverage and financial security for your family in the event of death or disability due to accident.
Basic life and AD&D - You’ll receive life and AD&D insurance equal to $25,000 at no cost to you.
Supplemental life insurance - You can buy additional life insurance coverage from one to eight times your salary, up to a maximum of $2.5 million. Proof of good health is needed for coverage over $500,000, unless you already have coverage over $500,000. Each year, you can increase your coverage by one times your salary without having to provide proof of good health.
Dependent coverage - You can buy life insurance coverage for your dependents, too. For 2014, you can choose to cover either your spouse or children or both.
- Spouse coverage options are available in amounts from $10,000 to $500,000. Your spouse will need to show proof of good health for amounts over $50,000.
- Child(ren) coverage options are available in the amounts of $5,000, $10,000, or $15,000.
Accidental Death and Dismemberment (AD&D)
You can buy supplemental AD&D insurance in amounts of $10,000 to $500,000. Coverage is available for you alone or you and your family. Costs for all supplemental coverage will be available during Open Enrollment.
For more information on this benefits, check out this Life insurance at-a-glance overview.