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 |
|
|---|---|
Basic Life and AD&D Benefit |
1 times your Basic Annual Earnings to a maximum of $150,000 |
Benefit Reduction |
35% at age 65 / 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 guarantee issue amounts. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Employee Benefit |
Increments of $10,000 to a maximum of $500,000 |
Spouse Benefit |
Increments of $5,000 to a maximum of $200,000, not to exceed 100% of |
Child(ren) Benefit |
Child Birth to 14 Days = No Benefit |
Group Number
GVTL-BJHJ
Provided By
Mutual of Omaha
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