Life and AD&D
EMPLOYEE BENEFITS
Unum 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.lisd.net/benefits Who is eligible? For Basic Life all actively employed employees working at least 15 hours each week for your employer in the U.S. For Voluntary Life and AD&D products employees working at least 15 hours and their eligible spouses and children to age 26. What are the Basic Life coverage amounts? Your employer is providing you with $15,000 of term life and accidental death and dismemberment insurance.
otherwise be effective. Totally disabled means that as a result of an injury, sickness or disorder, your dependent spouse and children: are confined in a hospital or similar institution; are confined at home under the care of a physician for a sickness or injury; or your spouse has a life-threatening condition. Exception: Infants are insured from live birth.
Is this coverage portable (can I keep it when I leave my employer)? If you retire, reduce your hours, or leave your employer, you can What are the Voluntary Life coverage amounts? Employees may continue coverage for yourself your spouse and your dependent elect up to 7 times salary in increments of $10,000 not to exceed children at the group rate. Portability is not available for people $750,000 for themselves. Employees may elect up to 50% of who have a medical condition that could shorten their life employee amount in increments of $5,000, not to exceed expectancy — but they may be able to convert their term life $250,000. Employees may elect up to 50% of employee amount policy to an individual life insurance policy. in increments of $2,000, not to exceed $10,000. The maximum death benefit for a child between the ages of live birth and six Are there any life insurance exclusions or limitations? Life insurance benefits will not be paid for deaths caused by suicide months is $100. within the first 24 months after the date your coverage becomes What are the AD&D coverage amounts? Employees may elect up effective. If you increase or add coverage, these enhancements to 7 times salary in increments of $10,000 not to exceed will not be paid for deaths caused by suicide within the first 24 $750,000 for themselves. Employees may elect up to 50% of months after you make these changes. employee amount in increments of $5,000, not to exceed Voluntary Group Life and AD&D $250,000. Employees may elect up to 50% of employee amount Age Employee (per $10,000) Spouse (per $5,000) in increments of $2,000, not to exceed $10,000. The maximum <25 $0.36 $0.18 death benefit for a child between the ages of live birth and six 25-29 $0.36 $0.18 months is $100. 30-34 $0.45 $0.23 Do my life insurance benefits decrease with age? Coverage 35-39 $0.63 $0.32 amounts will reduce according to the following schedule: 40-44 $0.99 $0.50 Age: Insurance amount reduces to: 45-49 $1.71 $0.86 70 65% of original amount 50-54 $2.97 $1.49 Coverage may not be increased after a reduction. 55-59 $4.23 $2.12 60-64 $5.04 $2.52 When is coverage effective? Please see your plan administrator 65-69 $9.00 $4.50 for your effective date. Insurance coverage will be delayed if you 70-74 $15.39 $7.70 are not in active employment because of an injury, sickness, temporary layoff, or leave of absence on the date that insurance 75+ $30.87 $15.44 would otherwise become effective. For your dependent spouse Voluntary Group Life - Child(ren) (per $10,000 in coverage) and children, insurance coverage will be delayed if that 0-26 $2.00 dependent is totally disabled on the date that insurance would Spouse rates based on Employee's age. 31
