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Basic Life Coverage is paid for by the employer for eligible full-time employees. It generally includes $20,000 of Employee Life Insurance and $20,000 of Employee Accidental Death and Dismemberment Coverage (or $50,000 for both coverages with some employers). You can verify this with your employer or call Employers Resource at 866-214-9506.
Basic Life and Accidental Death and Dismemberment (AD&D)
$20,000 Group Term Life Insurance is provided to all eligible employees (unless employer chooses more). This benefit includes: Accidental Death and Dismemberment which provides an additional $20,000 (or corresponding higher amount if basic life amount is higher) in the event of an accidental death.
- Waiver of Premium: You may continue your coverage in the event of disability.
- Living Benefit: If you have a terminal illness, you may elect to receive up to 50% of the life benefit under certain conditions.
- Conversion Option: You may convert this to an individual policy upon leaving employment.
- Benefit Decreases: Beginning at age 70.
Additional Life
Additional Life is an easy way to protect your family's lifestyle. It is affordable group term life insurance. You choose how much Additional Life you, your spouse and your children need. Payments for Additional Life are made through easy payroll deductions. (The Basic Life Coverage provided to the employee is not included in the guarantee issue amount).
- Employee: You can buy from $10,000 to $250,000 in $5,000 increments.
- Spouse: Your spouse can have from $5,000 to $125,000 of Additional Insurance, in $5,000 increments, but no more than 75% of the coverage amount (basic and additional life
combined) on your life.
- Children: Each of your children (including stepchildren) may be covered for $5,000 or $10,000 through age 19. Coverage continues until age 23 if your child is a full-time student, unmarried and not working full-time.
As a new employee you may purchase up to $100,000 for you, $25,000 for your legal spouse, and $5,000 or $10,000 to cover children during the initial enrollment period on a guarantee issue basis (with a qualified answer to a hospitalization question), but not more than 31 days following your effective date of coverage. If you purchase more than the guarantee issue amount or enroll after your initial enrollment period, coverage is effective the first of the month following the date the carrier approves your or your dependent's coverage.
Life Insurance Forms
- Beneficiary Designation Form
- FORM A: Additional Life Insurance Enrollment Form
- FORM B: Additional Life Insurance Medical History Statement
FAQ's
Certificates of Insurance
- Supplemental Term Life Insurance
- Basic Term Life & Accidental Death and Dismemberment Insurance
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