VOLUNTARY TERM LIFE & AD&D

What is Life & AD&D 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 potential income during working years and help ensure your family’s financial goals will still be met; goals like paying off mortgage, keeping a business running, and paying for college. 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 or a covered loved one die accidentally or pass away later 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: Full-time employees working 20 or more hours per week, spouse & children up to age 26
Coverage through OneAmerica
Must be actively at work on the effective date
If electing Voluntary Term Life outside of initial enrollment period, health questions will be required
Employee must elect coverage on themselves in order to cover spouse and/or children