Life/AD&D Insurance

We know how important it is to have financial protection for the ones you love in case something happens to you. That’s why we provide Basic Life and Accidental Death & Dismemberment (AD&D) coverage at no cost to you. Our life insurance plan is administered by Lincoln Financial Group and provides the following coverage and options:

Basic Life/AD&D Insurance

Our basic life insurance plan is a core benefit provided by the company at no cost to you. Basic life insurance equals two times your annual salary up to a maximum of $1,500,000.

Supplemental Life Insurance

You have the opportunity to purchase up to five times your annual salary, in increments of $10,000, to a maximum of $1,000,000. You pay the full cost of supplemental life insurance on an after-tax basis. Note, you may be required to provide evidence of insurability. You will be notified at the time of your enrollment.

Supplemental AD&D Insurance

You also have the opportunity to purchase up to five times your annual salary, in increments of $10,000, to a maximum of $1,000,000. You pay the full cost of supplemental AD&D insurance on an after-tax basis. You can also elect to cover your spouse and/or your children. Coverage for your spouse will be 50% of your coverage. Coverage for your children will be $10,000.

Spouse/Domestic Partner Life Insurance

Our spouse/domestic partner life insurance plan allows you to purchase life insurance for your spouse/domestic partner in increments of $10,000 up to your supplemental life election or $500,000, whichever is less. You must elect supplemental life insurance to elect spouse life insurance. You pay the full cost of spouse life insurance on an after-tax basis.

Dependent Life Insurance

Dependent Life Insurance allows you to purchase life insurance for your child(ren) for $10,000. You must elect employee supplemental life insurance to elect child life insurance.