Page 20 - Dawson 2021 New Hire Guide
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DAWSON
Life and AD&D Insurance
Life and AD&D insurance is provided through Lincoln Financial Group.
Basic Life and Accidental Death and Dismemberment (AD&D)
DAWSON automatically provides you a beneit of $50,000, at no cost to you, for life insurance and accidental
death and dismemberment insurance. During your new hire enrollment period, you may elect to purchase additional
life insurance to the guaranteed issues limits noted below without completing evidence of insurability. If you elect
coverage for yourself, you may also elect coverage for your spouse to the guaranteed issue limits noted below.
Life and AD&D Insurance At-a-Glance* Voluntary Life and AD&D Rates per Month per $1,000 of
Lincoln Financial Coverage
Employee Life and AD&D Insurance Age Range Rate per $1,000
Basic $50,000 Under 30 $0.06
Voluntary $10,000 increments up to 5× annual earnings, 30-34 $0.80
maximum of $500,000; you can elect up to the 35-39 $0.09
guaranteed issue amount of $100,000 without 40-44 $0.10
completing EOI (evidence of insurability)
Living Beneit 45-49 $0.14
If you become terminally ill while covered, you can claim up 50-54 $0.20
to 80% of the combined value of your basic and voluntary life 55-59 $0.36
coverage up to $400,000 while you are still living 60-64 $0.54
Dependent Life and AD&D Insurance 65-69 $0.96
Spouse $5,000 increments up to 50% of the amount 70 or more
of coverage you elect for yourself, maximum of $1.64
$100,000; you can elect up to the guaranteed
issue amount of $25,000 without completing EOI
Children are 15 days to 6 months: lat $100
provided life 6 months to age 26: $2,000, $4,000, $8,000,
insurance $10,000, or $20,000per child, all guaranteed
only issue
* You must be considered actively at work on your efective date for
coverage to be efective. Basic Life and AD&D amounts reduce by
35% at age 70 and by 50% at age 75. Basic Life and AD&D terminate
at retirement.
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Life and AD&D Insurance
Life and AD&D insurance is provided through Lincoln Financial Group.
Basic Life and Accidental Death and Dismemberment (AD&D)
DAWSON automatically provides you a beneit of $50,000, at no cost to you, for life insurance and accidental
death and dismemberment insurance. During your new hire enrollment period, you may elect to purchase additional
life insurance to the guaranteed issues limits noted below without completing evidence of insurability. If you elect
coverage for yourself, you may also elect coverage for your spouse to the guaranteed issue limits noted below.
Life and AD&D Insurance At-a-Glance* Voluntary Life and AD&D Rates per Month per $1,000 of
Lincoln Financial Coverage
Employee Life and AD&D Insurance Age Range Rate per $1,000
Basic $50,000 Under 30 $0.06
Voluntary $10,000 increments up to 5× annual earnings, 30-34 $0.80
maximum of $500,000; you can elect up to the 35-39 $0.09
guaranteed issue amount of $100,000 without 40-44 $0.10
completing EOI (evidence of insurability)
Living Beneit 45-49 $0.14
If you become terminally ill while covered, you can claim up 50-54 $0.20
to 80% of the combined value of your basic and voluntary life 55-59 $0.36
coverage up to $400,000 while you are still living 60-64 $0.54
Dependent Life and AD&D Insurance 65-69 $0.96
Spouse $5,000 increments up to 50% of the amount 70 or more
of coverage you elect for yourself, maximum of $1.64
$100,000; you can elect up to the guaranteed
issue amount of $25,000 without completing EOI
Children are 15 days to 6 months: lat $100
provided life 6 months to age 26: $2,000, $4,000, $8,000,
insurance $10,000, or $20,000per child, all guaranteed
only issue
* You must be considered actively at work on your efective date for
coverage to be efective. Basic Life and AD&D amounts reduce by
35% at age 70 and by 50% at age 75. Basic Life and AD&D terminate
at retirement.
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