Life and Accidental Death & Dismemberment Insurance

Basic life insurance coverage offers employees peace of mind in knowing that their family can be taken care of if they, or one of their dependents, should die.

Optional life insurance enables a plan member to leave something more for their loved ones, after they die. Spousal life insurance can be especially important for a dual-income family where both incomes are needed to meet and maintain the family's obligations and lifestyle. Dependent life insurance can provide some financial help during a difficult time.

With both basic and optional life insurance, coverage can be based on multiples of an employee's salary or a flat amount.

In the case of a termination of employment, plan members can replace all or part of their optional life coverage with an individual life contract within 31 days of cancellation, without having to provide medical evidence. Discover more on this topic by going to How I can keep my benefits in the Plan Members section.

Employees can also purchase basic and optional Accidental Death & Dismemberment insurance for themselves and their dependents. This benefit offers coverage in the event of a death, loss of limb, or any other qualifying injury that results from an accident. Employees applying for this coverage are not required to submit evidence of insurability.

With optional Accidental Death & Dismemberment insurance coverage, plan members or their loved ones could benefit from:

• Alterations to their home
• Modifications to their vehicle
• Reimbursed day care expenses
• Education for dependent children
• Occupational training for their spouse

Accidental Death & Dismemberment insurance can go a long way in offering financial security and help in rehabilitation.