Voluntary Life/AD&D

Voluntary Life and Accidental Death and Dismemberment (AD&D) coverage allows you to purchase additional financial security for your family. This optional coverage is also available for your spouse and/or child(ren), if you purchase it for yourself.

Coverage

Features

Employee
  • Elect Increments of $10,000
  • Maximum coverage: Lesser of 5x your basic annual earnings or $500,000
  • Guaranteed Issue: up to $150,000
Spouse
  • Elect Increments of $5,000
  • Maximum coverage: up to $100,000
  • Guaranteed Issue: up to $30,000
Child(ern) up to age 26
  • Flat $1,000
  • Maximum coverage: up to $10,000
  • Guaranteed Issue: $10,000

You may be asked to provide Evidence of Insurability (EOI) form, if you do not enroll for voluntary coverage during your initial eligibility period as a new hire, or, you want to increase your coverage during company’s open enrollment or a qualifying event after your initial enrollment.

Benefits reduces by:

  • 35% at age 65
  • 50% at age 70

Questions?