Ball State Pays Majority of Premiums Life Insurance Video Your life and accidental death and dismemberment (AD&D) insurance provides financial protection for your loved ones if you suffer a covered accidental injury resulting in loss of life, limb, sight, hearing, or speech. It pays a benefit to the person you choose (your beneficiary) which can help cover everyday living expenses. Basic Life + AD&D Insurance VOYA View Coverage Plan Feature Details Benefit 50% of the volume of employer-sponsored group term life in force prior to your retirement. Maximum Benefit maximum is $37,500. There is no age reduction on this plan. Premiums $8.50 per month to participate.