Voluntary Life & AD&D

What is Voluntary-Term Life and Accidental Death & Dismemberment Insurance?

A financial protection plan which provides a cash benefit to a beneficiary upon the death of the insured. Proceeds can be used to replace lost income during working years and help ensure your family’s financial goals will still be met. AD&D coverage is included as a part of life insurance benefits, and will pay out a lump-sum death benefit in the event you die accidentally or pass away as the direct result of an accident. This plan also has a dismemberment benefit which provides an additional lump sum payment if an insured becomes dismembered in an accident.

Plan Rules:

Eligibility: Eligible full-time and 49% employees (as described on eligibility page of the benefits guide), spouse, and unmarried children (up to age 26)
Coverage through OneAmerica
Employee must elect coverage on themselves in order to cover spouse and/or children
Must be actively at work on the effective date of coverage
If electing for the first time outside of the initial open enrollment or above the guaranteed issue amount, health questions will be required