Life & AD&D Insurance

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Basic Life and AD&D Insurance

Plan Year – October 1st through September 30th MetLife

Life and Accidental Death & Dismemberment (AD&D) Coverage is made available through MetLife. Life and AD&D insurance is an important benefit as it provides your beneficiaries financial protection in the event of a tragic loss.

Life Insurance PEI/NC provides full-time employees with group life and accidental death and dismemberment (AD&D) insurance in the amount of 1X Annual Salary up to $50,000 and pays for 100% of the coverage.

This benefit will reduce:

Age 65 65% remaining Age 70 50% remaining

Voluntary Life and AD&D Insurance

Plan Year – October 1st through September 30th MetLife

Employees who would like to supplement their group life insurance may purchase additional coverage. When you enroll yourself and/or your dependents in this benefit, you pay the full cost through payroll deductions.

Employee: Increments of $10,000 Maximum Coverage up to 5X Annual Salary to a Maximum of $500,000 Guarantee Issue for members age 70 and under: $50,000

Spouse: Increments of $5,000 Maximum Coverage 50% of employee coverage election with a maximum of $100,000 Guarantee Issue for dependents age 70 and under: $ $25,000

Child(ren): Increments of $1,000 Maximum Coverage 100% of employee coverage elections with a maximum of $10,000

MONTHLY Cost Per $1,000 for Employee and Spouse Life Insurance Coverage Age <30 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70+ Life and AD&D $0.076 $0.096 $0.106 $0.136 $0.203 $0.318 $0.478 $0.726 $1.286 $2.279

Cost for Child Life Insurance Coverage Dependent $0.29Children