Life and AD&D Benefits
Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer-paid benefit, provided at no cost to you. The basic life benefit will be paid to your beneficiaries in the event of your death. The AD&D benefit will be paid in the event of an injury resulting from a covered accident.
Benefits |
BLUE RIVER PLUMBING |
|---|---|
Life & AD&D Benefit |
$100,000 |
Benefit Reduction |
To 67% at age 65: to 50% reduction at age 70 |
When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children.
Coverage purchased through this plan is offered at a group discounted rate with guaranteed issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Employee |
|
Benefit Maximum |
$300,000 or 5 times annual earnings, |
Guaranteed Issue |
$100,000 |
Spouse |
|
Benefit Maximum |
$5,000 increments; up to $100,000 |
Guaranteed Issue |
$20,000 |
Child(ren) |
|
Benefit Maximum |
14 days to age 19 (23 if FT student): |
Guaranteed Issue |
$10,000 |
When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children.
Coverage purchased through this plan is offered at a group discounted rate with guaranteed issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Life & AD&D Benefit |
$50,000 |
Benefit Reduction |
To 67% at age 65: to 50% at age 70 |
When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children.
Coverage purchased through this plan is offered at a group discounted rate with guaranteed issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Life & AD&D Benefit |
$50,000 |
Benefit Reduction |
To 67% at age 65; to 50% at age 70 |