Eligible employees may purchase Voluntary Life and AD&D insurance for themselves and their families. Premiums are paid through post-tax payroll deductions.
| BASIC LIFE/AD&D | |
| Coverage Amount | $50,000 |
| Who Pays | Basic Life and AD&D benefits are provided to you as a part of your basic coverage. |
| Benefits Payable | Basic Life: If you die Basic AD&D: If you lose a limb or suffer paralysis from an accident or in case of death |
| Maximum Benefit | $50,000 |
| VOLUNTARY EMPLOYEE LIFE |
|
| Coverage Amount | Increments of $10,000 |
| Who Pays | You pay the full cost |
| Benefits Payable | In case of death. This benefit is in addition to your Basic Life benefit. |
| Maximum Benefit | Not to exceed the lesser of five times base annual earnings or $500,000. |
| Evidence of Insurability (EOI) Required | No EOI is required for employee supplemental life insurance if you enrolled when initially eligible for the guarantee amount – $200,000 (new hire or change from PT to FT). No EOI is required for Open Enrollment up to the guarantee issue amount of $200,000 if an employee is currently covered for Supplemental Life insurance. EOI will be required in all other instances. |
| VOLUNTARY DEPENDENT LIFE | |
| Coverage Amount | Spouse: Increments of $5,000. $10,000 for each child age 6 months to 26 years; disabled children may be eligible for the $10,000 benefit past the age of 26. YOU MUST ENROLL FOR EMPLOYEE SUPPLEMENTAL LIFE TO ENROLL FOR SPOUSE AND/OR CHILD LIFE |
| Who Pays | You pay the full cost |
| Benefits Payable | If your dependent dies while covered under the Plan |
| Maximum Benefit | Spouse: the lesser of $300,000 or 100% of the employee's coverage; Child – $10,000 |
| Evidence of Insurability (EOI) Required | No EOI is required for spouse Supplemental Life insurance if the spouse is enrolled when initially eligible for the guarantee amount – $25,000 (new hire, change from PT to FT, or marriage). EOI will be required in all other instances. No EOI is required for child Supplemental Life insurance. |
| VOLUNTARY EMPLOYEE OR FAMILY AD&D | |
| Coverage Amount | Increments of $10,000 |
| Who Pays | You pay the full cost |
| Benefits Payable | If you lose a limb or suffer paralysis in an accident, or in case of death. This benefit is in addition to your Basic AD&D benefit. |
| Maximum Benefit | Not to exceed the lesser of five times base annual earnings or $500,000. |