Your life insurance and accidental death & dismemberment (AD&D) coverage is provided through Guardian. Logoipsum provides basic life insurance at no cost to you, and you can purchase additional voluntary coverage for yourself and your family.
This coverage is provided at no cost to you. Your basic life and AD&D insurance is provided through Guardian and fully paid by your employer.
| Life Insurance | 100% of annual salary, up to $150,000 |
| AD&D | Matching coverage equal to life insurance amount |
| Benefit Reduction | Coverage reduces to 65% at age 65, 50% at age 70 |
| Waiver of Premium | Coverage continues if totally disabled before age 60 |
Purchase additional life and AD&D coverage for yourself, your spouse, and your children through payroll deduction.
| Category | Employee | Spouse | Child(ren) |
|---|---|---|---|
| Minimum | $10,000 | $5,000 | $5,000 |
| Maximum | $500,000 | $500,000 | $10,000 |
| Increments | $10,000 | $5,000 | $5,000 |
| Guaranteed Issue | $200,000 | $50,000 | $10,000 |
Note: You must elect coverage for yourself to cover your spouse/children. Spouse premium is based on employee's age.
Basic Life Insurance: Employer-paid life insurance that provides a death benefit to your beneficiaries. Coverage is typically a flat amount or a multiple of your salary.
AD&D (Accidental Death & Dismemberment): Insurance that pays an additional benefit if death or serious injury results from an accident.
Beneficiary: The person(s) you designate to receive your life insurance benefit.
Voluntary Life Insurance: Additional life insurance you can purchase at group rates through payroll deduction.
Guaranteed Issue: The maximum coverage you can elect without answering medical questions or providing evidence of insurability.
