Basic Life Insurance Voluntary Life Insurance In exchange for premium payments, the insurance company Employees have the option to purchase additional life provides a lump-sum payment, known as a death benefit, insurance. to beneficiaries upon the insured's death. Employee Benefit: Increments of $10,000 up to $500,000. The employer-paid basic life insurance policy is available Guarantee issue fluctuates based on age bands. to all full-time employees. In the event of your death, your Spouse Benefit: Increments of $5,000 up to $50,000. beneficiaries will receive 2x's Annual Base Salary up to Guarantee issue fluctuates based on age bands. $450,000. Coverage will decrease incrementally at age 65. Child(ren) Benefit: Benefit amount of $10,000 or $20,000 (cannot exceed 50% of employee amount). Guaranteed issue of $20,000. Long-Term Disability Basic Accidental Death & Employer-paid long-term disability protects your income for Dismemberment Insurance a period of time due to illness, maternity leave, or an accident The employer-paid basic AD&D insurance policy is not related to your job. available to all full-time employees. In the event of death, Benefits begin 180 days after the date of the incident and will loss of a body part or function, speech, eyesight, or hearing, cover 60% of your earnings up to a max monthly benefit of your beneficiaries will receive 1x's Annual Base Salary up to $10,000 (Salaried employees) or $2,500 (Hourly employees). $180,000. Coverage will decrease incrementally at age 65.