Voluntary Life and AD&D Insurance

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 PaysBasic Life and AD&D benefits are provided to you as a part of your basic coverage.
Benefits PayableBasic 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 AmountIncrements of $10,000
Who PaysYou pay the full cost
Benefits PayableIn case of death. This benefit is in addition to your Basic Life benefit.
Maximum BenefitNot 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 AmountSpouse: 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 PaysYou pay the full cost
Benefits PayableIf your dependent dies while covered under the Plan
Maximum BenefitSpouse: the lesser of $300,000 or 100% of the employee's coverage; Child – $10,000
Evidence of Insurability (EOI) RequiredNo 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 PaysYou pay the full cost
Benefits PayableIf 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 BenefitNot to exceed the lesser of five times base annual earnings or $500,000.


Voluntary Insurance Premiums