Page 12 - WJ Bradley 2015 Annual Enrollment
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Beneits Guide
Life Insurance
Life and The Hartford is our life and disability administrator. Please refer to the
Disability Summary Plan Description, found on JACK on the Human Resources
Insurance page, for further details on the plans.
Basic Employee Life Insurance and Accidental Death and
Dismemberment (AD&D)
Life insurance helps ease the inancial burden your dependents may face in
the event of your death. W. J. Bradley provides Basic Term Life Insurance
and Accidental Death and Dismemberment (AD&D) coverage at no cost
to you. Coverage is automatic—you do not need to enroll in this beneit,
however, make certain to name your beneiciaries online.
The life insurance beneit pays $25,000 in the event of a qualiied
employee’s death.
In addition, deaths and dismemberments due to accidents may pay up to an
additional AD&D beneit of $25,000. Life and AD&D insurance beneits
will reduce by 35%, 60%, and 75% of the original amount at ages 65, 70,
and 75, respectively, and will terminate upon retirement.
Naming a Beneficiary Supplemental Employee Life and AD&D Insurance
For life and AD&D insurance You can elect additional coverage in increments of $10,000 up to the
coverage, you must name a
beneiciary. The beneiciary is the lesser of ive times your base annual earnings or $350,000. The cost per
person or entity who will receive each $1,000 of coverage is based on your age. Use the table on page 15 to
the beneit in the event of your determine your monthly cost.
death. If you name more than one
beneiciary, be sure to indicate Evidence of Insurability (EOI) or proof of good health is required under
the beneit percentage you wish the following circumstances.
each beneiciary to receive. The
percentages must add up to 100%. X Late entrant: you have previously waived the opportunity to elect this
Beneiciaries may be changed at any
time during the year. coverage and are now electing coverage for the irst time
X Current participant: you currently have this coverage and are requesting
an increase to your current coverage amount
New hires can elect up to $350,000 without completing Evidence of
Insurability (EOI). If you do not sign up for this beneit as a new hire, you
will be subject to EOI prior to being considered for approval.
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Life Insurance
Life and The Hartford is our life and disability administrator. Please refer to the
Disability Summary Plan Description, found on JACK on the Human Resources
Insurance page, for further details on the plans.
Basic Employee Life Insurance and Accidental Death and
Dismemberment (AD&D)
Life insurance helps ease the inancial burden your dependents may face in
the event of your death. W. J. Bradley provides Basic Term Life Insurance
and Accidental Death and Dismemberment (AD&D) coverage at no cost
to you. Coverage is automatic—you do not need to enroll in this beneit,
however, make certain to name your beneiciaries online.
The life insurance beneit pays $25,000 in the event of a qualiied
employee’s death.
In addition, deaths and dismemberments due to accidents may pay up to an
additional AD&D beneit of $25,000. Life and AD&D insurance beneits
will reduce by 35%, 60%, and 75% of the original amount at ages 65, 70,
and 75, respectively, and will terminate upon retirement.
Naming a Beneficiary Supplemental Employee Life and AD&D Insurance
For life and AD&D insurance You can elect additional coverage in increments of $10,000 up to the
coverage, you must name a
beneiciary. The beneiciary is the lesser of ive times your base annual earnings or $350,000. The cost per
person or entity who will receive each $1,000 of coverage is based on your age. Use the table on page 15 to
the beneit in the event of your determine your monthly cost.
death. If you name more than one
beneiciary, be sure to indicate Evidence of Insurability (EOI) or proof of good health is required under
the beneit percentage you wish the following circumstances.
each beneiciary to receive. The
percentages must add up to 100%. X Late entrant: you have previously waived the opportunity to elect this
Beneiciaries may be changed at any
time during the year. coverage and are now electing coverage for the irst time
X Current participant: you currently have this coverage and are requesting
an increase to your current coverage amount
New hires can elect up to $350,000 without completing Evidence of
Insurability (EOI). If you do not sign up for this beneit as a new hire, you
will be subject to EOI prior to being considered for approval.
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