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 |
|
|---|---|
Life Benefit |
Class 1: $50,000 (Executives-VP & above) |
AD&D Benefit |
Same as Life benefit |
Benefit Reduction |
Reduce to 65% at age 65 |
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 |
$10,000 to $500,000 in increments of $10,000, not to exceed 5 times salary |
Guaranteed Issue |
$150,000 |
Spouse |
|
Benefit Maximum |
$5,000 to $100,000 increments of $5,000, not to exceed 100% of employee amount |
Guaranteed Issue |
$30,000 |
Child(ren) |
|
Benefit Maximum |
$5,000 to $10,000 in increments of $5,000, not to exceed $10,000 |
Guaranteed Issue |
$10,000 |
Provided By
Mutual of Omaha
Provider Website
https://www.mutualofomaha.com/
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