Basic Life and AD&D
EMPLOYEE BENEFITS
Lincoln Financial Group ABOUT LIFE AND AD&D Group term life is the most inexpensive way to purchase life insurance. You have the freedom to select an amount of life insurance coverage you need to help protect the well-being of your family. Accidental Death & Dismemberment is life insurance coverage that pays a death benefit to the beneficiary, should death occur due to a covered accident. Dismemberment benefits are paid to you, according to the benefit level you select, if accidentally dismembered.
For full plan details, please visit your benefit website: www.mybenefitshub.com/jacksonvilleisd Who is eligible for this coverage?
All eligible full-time and part-time employees excluding substitute teachers
What is the coverage amount?
Life Coverage: Your employer is providing you with $15,000 AD&D Coverage: Benefit is dependent upon injury: Loss Loss of Life Loss of one Member (Hand, Eye, Foot) Loss of Two or More Members
Benefit for Common Carrier Accident 2 Times Principal Sum Principal Sum
Benefits for other Covered Accident Principal Sum ½ Principal Sum
2 Times Principal Sum
Principal Sum
When is coverage effective?
Your coverage will become effective the first of the month following the date you become eligible. Insurance coverage will be delayed if you are not in active employment because of an injury, sickness, temporary layoff or leave of absence on the date that insurance would otherwise become effective.
Can I keep if I leave my employer?
Conversion is available with anyone’s group life insurance terminates or reduced due to: the insured Person’s termination of employment or membership in an eligible class, a reduction in the amount of coverage due to ae, a change in class or a policy amendment, termination of this policy, the insured Person’s death, divorce, annulment or a covered dependent’s ceasing to be an eligible dependent. Includes the option to convert all of part of the terminated insurance without Evidence of Insurability.
Living Benefit
An Accelerated Death Benefits is available when the insured Person’s life insurance benefit is $2,000 or more. If the insured Person is diagnosed terminally ill due to a sickness or injury at least 12 months after the life insurance takes effect or on the date of the injury which results in terminal illness, then part of his or her life insurance benefit can be pair prior to death (subject to state law). Terminally ill means the insured Person’s medical condition is expected to result in death within 24 months, despite appropriate medical treatment. The amount of the Accelerated Death Benefit is subject to: a minimum of $1,000 or 10% of the insured Person’s life insurance coverage, whichever is more and a maximum of $50,000 or 75% of the insured Person’s life insurance coverage, whichever is less.
Waiver of Premium
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If you become disabled (as defined by your plan) and are no longer able to work, your premium payments will be waived during the period of disability after a 9 month waiting period.
