Life and AD&D Benefits
This is a 100% employer-paid benefit.
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.
Basic Life Benefits |
|
---|---|
Basic Benefit |
2x annual salary, up to $200,000 |
Minimum Amount |
$50,000 |
Spouse Benefit Amount |
$4,000 |
Child(ren) Benefit Amount |
$1,000 |
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. Associates must elect coverage in order to purchase spouse or child coverage.
Additional Features
Portability and conversion included
*Employees must elect coverage in order to purchase spouse or child coverage.
Voluntary Life and AD&D Amount |
Guaranteed Issue |
|
---|---|---|
Employee |
$10,000 increments, up to $500,000 |
$100,000 |
Spouse |
$5,000 increments, up to $100,000 |
$50,000 |
Child(ren) |
$1,000 increments, $2,000 to $10,000 |
$10,000 |
Benefit Age Reduction |
At age 70, benefit reduces to 65% of the original amount |
Age Bracket |
Rate per $1,000 |
---|---|
Less than 25 |
$0.06 |
25-29 |
$0.06 |
30-34 |
$0.09 |
35-39 |
$0.14 |
40-44 |
$0.20 |
45-49 |
$0.27 |
50-54 |
$0.45 |
55-59 |
$0.77 |
60-64 |
$1.09 |
65-69 |
$0.71 |
70+ |
$3.51 |
Child |
$0.14 |
Provided By
Mutual of Omaha
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