LIFE INSURANCE AND AD&D

Life insurance and Accidental Death and Dismemberment (AD&D) is offered through The Hartford.

Basic Life Insurance and AD&D is offered through The Hartford and is 1.5x the associate’s salary at a maximum of $500,000. It is company paid, at no cost to the associate. On January 1st following the day the participant turns age 70, the benefit reduces to 50% of 1.5x the associate’s salary.

Your designated beneficiary/beneficiaries will be the recipient of this benefit. It’s important to ensure the beneficiary/beneficiaries are up to date.

Optional Life Insurance and AD&D is offered through The Hartford. The products will be offered on an Associate Paid Basis. This payment will be facilitated via a weekly payroll deduction. You have greater purchasing power because of your employer rather than purchasing the product as an individual.

Associates are offered:

  • Optional Life for the associate
  • Dependent Life for your Spouse/Partner and Children
  •  Accidental Death & Dismemberment

New hires have 31 days from their date of hire to enroll in these products on guaranteed issue basis. This means you and your dependents can enroll for the maximum amounts of insurance (as stated below) and you do not have to provide any statement/proof with regard to your own or your dependent’s current health status.

If you do not enroll when initially eligible, you will still be able to enroll for these products at any time during the year, but both you and your dependents will be required to provide a current statement of health status and coverage is “pending” until The Hartford approves this information.

Below is the coverage offered:

Associate Optional Life Insurance

  • Associates can opt for 1, 2 or 3x’s salary to a maximum coverage amount of $750,000.
  • Guaranteed Issue for the associate — up to $300,000 (no medical proof will be required for coverage amounts up to this amount - only for amounts in excess of $300,000 to the $750,000 maximum).

Spouse Optional Life Insurance

  • Total coverage amount is up to 50% of associate election to a max of $375,000. 
  • Guaranteed Issue for the Spouse — up to $50,000 (no medical proof will be required for coverage amounts up to this amount - only for amounts in excess of $50,000 to the $375,000 maximum).

Dependent Optional Life Insurance

  • Dependent child coverage to age 26 - coverage amount is a flat $5,000.

Optional Accidental Death & Dismemberment

  • Accidental Death & Dismemberment coverage is also an optional benefit available to you, if you elect this coverage; the amount usually mirrors the Voluntary Optional Life base election.

As always we encourage you to comparison shop any product you may be interested in. Your main goal is to purchase the best coverage for you and your family at the best price.