Provided By
Lincoln Financial
Provider Website
https://www.lincolnfinancial.com/
Customer Service
Resources
Frequently Asked QuestionsLife 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 |
One times annual salary rounded to the next higher $1,000, up to $250,000 |
AD&D Benefit |
One times annual salary rounded to the next higher $1,000, up to $250,000 |
Benefit Reduction |
35% at 70 and an additional 25% at 75, and an additional 15% at 80 |
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 |
Up to $500,000/5x salary in $10,000 increments |
Guaranteed Issue |
$100,000 under age 70 first time offered |
Spouse |
|
Benefit Maximum |
$250,000 in $5,000 increments |
Guaranteed Issue |
$30,000 under age 60 not exceeding 50% of employee amount |
Child(ren) |
|
Benefit Maximum |
$5,000 to $10,000 |
Guaranteed Issue |
$10,000 |
Provided By
Lincoln Financial
Provider Website
https://www.lincolnfinancial.com/
Customer Service
Resources
Frequently Asked Questions