Life and AD&D Insurance
Life and Accidental Death & Dismemberment (AD&D) insurance helps protect your loved ones financially if you pass away or experience a serious injury. These benefits can help cover final expenses, pay off debts like credit cards or mortgages, or provide additional financial stability during a difficult time. Even if you’re single, naming a beneficiary ensures someone you care about receives the support. Coverage includes Basic Life and AD&D at no cost to you, with the option to purchase additional Voluntary Life and AD&D insurance for yourself and your family at group rates.
Contact
Unum
Policy #973348
800-421-0344
800-445-0402 (claims)
services.unum.com
Basic Life and AD&D
Basic Life insurance – You receive Basic Life insurance coverage at no cost to you, and you do not need to enroll in any other health and protection program. Basic Life insures you for $50,000.
Basic AD&D is included with your Basic Life coverage and provides you specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e., the loss of a hand, foot or eye). If death occurs from an accident, 100% of the AD&D benefit would be payable to your beneficiary(ies).
Imputed Income: Under current tax laws, imputed income is the value of your Basic Life insurance that exceeds $50,000 and is subject to federal income, Social Security and state income taxes, if applicable. This imputed income amount will be included in your paycheck and shown on your W-2 statement.
Voluntary Life and AD&D
Voluntary Life and AD&D: In addition to Basic Life and AD&D, eligible employees may purchase additional Voluntary Life and AD&D insurance at favorable group rates. Participants pay 100% of the premium. Note: It is important to provide beneficiary information during the enrollment process and keep this information up to date. Evidence of Insurability may be required depending on when you enroll and the amount of coverage you elect.
Evidence of Insurability: If you elect coverage above the guaranteed issue amount, or enroll more than 31 days after becoming eligible, you must complete and submit Evidence of Insurability (EOI) before coverage can be approved. Complete EOI online through Unum at securehealth.unum.com/GenericHome using access code 2SMSWVV.
- For you: $20,000 – $500,000 not to exceed 5x annual earnings in increments of $10,000. Guaranteed Issue: up to $290,000.
- For your spouse: $20,000 – $500,000 not to exceed 100% of employee amount in increments of $10,000. Guaranteed Issue: up to $30,000.
- For your children: $5,000 or $10,000
Employee and Spouse/Domestic Partner Cost per $1,000 of Coverage
| Age | Smoker | Non-Smoker |
|---|---|---|
| Under 35 | $0.06 | $0.05 |
| 35–39 | $0.09 | $0.05 |
| 40–44 | $0.12 | $0.07 |
| 45–49 | $0.18 | $0.09 |
| 50–54 | $0.27 | $0.13 |
| 55–59 | $0.43 | $0.21 |
| 60–64 | $0.59 | $0.35 |
| 65–69 | $0.99 | $0.57 |
| 70–74 | $1.84 | $1.01 |
| 75 and older | $2.88 | $1.80 |
AD&D rate: Add $0.024 per $1,000 of coverage for employees and spouses/domestic partners.
Child Life rate: $0.16 per $1,000 of coverage, regardless of the number of children covered.