Life and AD&D Insurance
Provided by: Guardian
Basic Life and AD&D Insurance
All active, full-time employees working at least 30 hours per week are eligible for the Basic life and AD&D plan. EMM Loans pays 100% of the Basic life and AD&D premium.
| BASIC TERM LIFE AND AD&D PLAN | |
|---|---|
| Benefit Amount | $25,000 |
Supplemental Life and AD&D Insurance - Employee
All active, full-time employees working at least 30 hours per week are eligible to purchase Supplemental Life and Accidental Death and Dismemberment (AD&D) insurance. Employees are responsible for 100% of the premium amount.
NOTE: Employees may increase current election amount by $50,000 annually until your total coverage amount equals guaranteed issue amount of $200,000, if under the age of 65.
| SUPPLEMENTAL EMPLOYEE TERM LIFE AND AD&D | |
|---|---|
| Benefit Increments | $10,000 |
| Maximum Amount | $500,000 |
| Guaranteed Issue | |
| Employees under age 65 | $200,000 |
| Employees age 65–69 | $50,000 |
| Employees over age 70 | $10,000 |
Please note: Benefits reduce by 35% at age 65, and by 50% at age 70.
Supplemental Life and AD&D Insurance - Spouse
If you purchase Supplemental Life Insurance for yourself, you may purchase Supplemental Life and AD&D Insurance for your spouse as outlined below. You are responsible for 100% of the premium amount.
| SUPPLEMENTAL SPOUSAL TERM LIFE AND AD&D | |
|---|---|
| Benefit Increments | $5,000 |
| Maximum Amount | $250,000 |
| Guaranteed Issue | |
| Spouses under age 65 | $25,000 |
| Spouses age 65–69 | $10,000 |
| Spouses over age 70 | $0 |
Please note: Benefits reduce by 35% at age 65, and by 50% at age 70.
Supplemental Life and AD&D Insurance - Child(ren)
You have the option of purchasing life insurance for your dependent child(ren), at your own expense.
| SUPPLEMENTAL CHILD(REN) TERM LIFE AND AD&D | |
|---|---|
| Benefit Election | |
| Up to 14 days of age | $1,000 |
| 14 days to 26 years | $5,000 or $10,000 |
| Maximum Amount | |
| Up to 14 days of age | $1,000 |
| 14 days to 26 years | $10,000 |
Evidence of Insurability (EOI)
If you are newly participating in coverage, EOI is required if:
- You did not enroll when you initially became eligible for coverage
- You wish to elect additional coverage above the guaranteed issue amount
- Your spouse and/or dependent child(ren) elect any amount of additional coverage (even below guaranteed issue)