Term Life/AD&D Insurance
Employees will be enrolled in Basic Term Group Life and Accidental Death & Dismemberment Insurances the first of the month following date of hire. The benefit is equal to 2.5x total earnings, or if unavailable 2.5x your annual base salary, up to a maximum of $750,000.
- Life Benefit Amount: 2.5x your annual earnings to a maximum of $750,000
- AD&D benefit amount matches life amount
- Coverage is 100% employer-paid
- Benefit Reductions: Original benefit reduces to 65% at age 65; to 50% at age 70
Education Benefit— Provides up to $24,000 (6% to $6,000/year) for the financial support of surviving, unmarried children
Repatriation Benefit— Pays up to $5,000 to pay for the preparation and transportation of the deceased to a chosen mortuary, when death is the result of an accident which occurs more than 100 miles from the insured’s primary residence. Repatriation benefits are paid following payment of the AD&D benefit.
Seatbelt Benefits— 10% of the full amount of your AD&D insurance benefit to a maximum of $25,000
Airbag Benefits— 5% of the full amount of your AD&D insurance benefit to a maximum of $5,000
Exposure and Disappearance Benefit— Provides coverage if the insured employee is injured and unavoidably exposed to the elements and as a result of the exposure, suffers a covered loss.
Common Carrier Benefit— Doubles the amount of AD&D benefit payable when the insured employee’s death is the result of a non-occupational injury that occurs while insured is a passenger in a public passenger carrier (bus, subway, airplane, etc.)
Child Care Benefit—Pays an annual benefit amount for child care to the insured employee, their spouse or their spouse’s authorized representative on behalf of each of the insured employee’s qualified children if the insured employee or their spouse dies: as a result of an accidental bodily injury; and within 365 days after the date of the accident causing the accidental bodily injury; the accident causing the insured employee’s or their spouse’s accidental bodily injury occurred while they were insured under the plan; proof is furnished to Unum that the child is a qualified child.
