What is Voluntary Term 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. AD&D coverage is included as a pert 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.

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Plan Rules:

• Eligibility: Employees as described on page 1 of the employee benefits guide, spouse and children up to age 26

• Coverage through OneAmerica

• Must be actively at work on the effective date of coverage

• Employee must elect coverage on themselves in order to cover spouse and/or children

• If electing for the first time outside of the initial open enrollment period, health questions will be required