Life and AD&D Insurance
Remember to keep your Life Insurance beneficiaries up to date – you can change them at any time in Employee Navigator.
Basic Benefit (Employer Paid) |
|
|---|---|
Employee Life |
2.5 times basic annual earnings rounded to the next higher $1,000, subject to a maximum benefit of $300,000. |
Spouse Benefit |
$10,000 |
Child(ren) Benefit |
Birth to 6 months: $1,000 |
Employee AD&D |
Equal to Basic Life insurance amount. |
Benefit Reduction |
35% reduction at 70, additional 20% |
Voluntary Benefit (Employee Paid) |
|
|---|---|
Employee Voluntary Life |
$10,000 increments with a minimum of $10,000 to a maximum |
Spouse Voluntary Life |
$5,000 increments with a minimum of $5,000 to a maximum of |
Child Voluntary Life |
Can elect benefit amount of $2,000, $3,000, $4,000, $5,000, or |
Employee & Spouse Voluntary Accidental |
Benefit Equal to the base voluntary term coverage |
Benefit Reduction |
35% reduction at 70, additional 20% reduction at 75 |