Life and AD&D Benefits

Employee Benefit

$25,000

Employee AD&D

$25,000

Accelerated Life

75% of the death benefit
Minimum: $10,000
Maximum: $250,000

Waiver of Premium

If disabled, insurance will continue until age 65 or no longer disabled

Portability

Included with Evidence of Insurability

Conversion

Included

Employee

Increments of $25,000 to a maximum of $200,000
Guaranteed Issue (without completing a medical application): $100,000

Your Spouse

Increments of $5,000 to a maximum of $25,000
Amount of coverage for your spouse cannot exceed 100% of your
elected amount

Child(ren)

0-14 days: $1,000
15 days – 26 years: $10,000
Amount of coverage for your child(ren) cannot exceed 100% of your
elected amount

Age

Monthly Rate

29 & Under

$0.108

30 - 34

$0.118

35 - 39

$0.201

40 - 44

$0.302

45 - 49

$0.479

50 - 54

$0.722

55 - 59

$0.960

60 - 64

$.1.707

65 - 69+

$3.291

Child(ren) Monthly Rate

$10,000 of coverage for $2.00 per family

Benefit Amount

$50,000

Guaranteed Issue Amount

If you're under 70: $50,000
If you're 70 or older: The lesser of $50,000 or the amount with the prior carrier

Benefit Reduction

35% reduction
at age 65, with an additional 15% reduction at age 70

Loss of life, loss of both hands or both feet or one hand and one foot, or loss of sight of both eyes

100%

Loss of one hand, or one foot, or sight of one eye

50%

Loss of thumb and index finger on the same hand

25%

Seatbelt / airbag - If you die in a car accident while wearing
a seat belt or protected by an airbag

$10,000

Repatriation - If you die at least 100 miles from your home

Up to $2,000

Education - If your children are enrolled in an accredited post-secondary school at the time of your death

$3,000/year for up to 4 years

Loss of use or paralysis - total loss of movement for 12 consecutive months or permanent paralysis

Quadriplegia

100%

Paraplegia, hemiplegia, or loss of use of both hands or both feet or one hand and one foot.

50%

Loss of use of one arm, one leg, one hand or one foot

25%

Loss of speech and/or hearing - total loss for 12 consecutive months

Loss of speech and hearing in both ears

100%

Loss of speech or hearing in both ears

50%

Loss of hearing in one ear

25%

Additional benefits:

Accelerated death benefit

If you're terminally ill, you may be able to receive a portion of your life benefit.

Coverage during disability

If you're disabled, you may be able to continue your coverage and not pay premium.

Conversion of terminated coverage

If coverage terminates, you may be able to convert coverage to an individual policy.