Life and AD&D Benefits
Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer-paid benefit, provided at no cost to you. 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.
Benefits |
|
|---|---|
Life Benefit |
|
Employee |
1x Annual Salary up to $300,000 |
Spouse |
$2,000 |
Dependent Child(ren) |
6 months and older $1,000 |
AD&D Benefit |
Equal to the Life Benefit |
Benefit Reduction |
At age 65, benefit reduces to 65% |
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. Employees must elect coverage in order to purchase spouse or child coverage.
Benefits |
|
|---|---|
Employee |
|
Benefit Maximum |
$10,000 increments up to $300,000, |
Guaranteed Issue |
2x salary up to $200,000 |
Spouse |
|
Benefit Maximum |
$5,000 increments up to $60,000, |
Guaranteed Issue |
100% of employee's benefit election, |
Child(ren) |
|
Benefit Maximum |
$2,000 increments up to $10,000, |
Guaranteed Issue |
100% of employee's benefit election |
Group Number
G000C835
Provided By
Mutual of Omaha
Provider Website
https://www.mutualofomaha.com/
Customer Service