Life and AD&D Insurance
It’s important to plan for your family’s financial security in case the unexpected happens. That’s why Sample Company provides full-time regular employees with basic life insurance and basic AD&D insurance — at no cost to you.
Basic Life and AD&D
Life insurance pays a lump-sum benefit to your beneficiary(ies) to help meet expenses in the event of your death. AD&D Insurance pays a benefit if you die or suffer certain serious injuries as the result of a covered accident. In the case of a covered accidental injury (e.g., loss of sight, loss of a limb), the benefit you receive is a percentage of the total AD&D coverage you elected based on the severity of the accidental injury.
Voluntary Life and AD&D
You must enroll; you pay for coverage through before-tax payroll deductions
Voluntary Life insurance for your dependents can help protect your family during difficult times.
|Employee Voluntary Life and AD&D Monthly Contributions|
|Employee Age||Cost per $10,000 of coverage|
|Spouse/Domestic Partner Voluntary Life|
|$0.049 per $5,000 of coverage|
|Child(ren) Voluntary Life|
|$0.98 for $10,000
|Children under 6 months are limited to $1,000 of coverage.|
|Employee Voluntary AD&D|
|$0.28 per $10,000 of coverage|