Page 19 - Vidant Health 2021 Benefit Guide
P. 19
Vidant Health Benefits Guide
Income Protection
Life and Accidental Death and Dismemberment (AD&D) Insurance
Life and AD&D coverage can help you prepare for the unexpected. The chart below provides a summary of the
coverage.
Plan Beneit Amounts Plan Beneit Amounts
Team Member No cost, just elect your beneiciaries for Spouse Life Coverage amount of $50,000 for spouse/
Basic Life and this beneit domestic partner
AD&D Full-time team members—coverage Request to add coverage subject to
equal to one times annual base earnings completion and approval of evidence
rounded to the next higher $1,000 of insurability form if election not made
(maximum $150,000) when irst eligible for coverage
Part-time team members—coverage Term life insurance policy
equal to $10,000 At age 70, there are life insurance
Term life insurance policy amount reductions
At age 70, there are life insurance If you and your spouse/domestic partner
amount reductions are Vidant team members, you are
Provides coverage in case of an ineligible to cover your spouse/domestic
accidental death or dismemberment partner
Beneits are payable in the event of loss Beneit is employer-paid for managers;
of life, limb, sight, speech, or hearing if enrolling as a manager, evidence of
insurability may be required
Full-time team members with 10+ years
of service will receive an additional Child Life Coverage amount of $10,000 per eligible
$25,000 in coverage. child
Team Member May purchase coverage in increments of Managers receive employer paid beneit
Optional Life your base salary upon enrollment
and AD&D Maximum coverage—up to 4 times your Term life insurance policy
annual base salary (maximum $500,000) Children can only be covered by one
Request to add coverage subject to parent
completion and approval of evidence The rates for optional insurance depend on the amount of coverage you
of insurability form if election not made select and your age. When you enter the enrollment system you will see
when irst eligible for coverage the prices for coverage.
Term life insurance policy
At age 70, there are life insurance
amount reductions
For AD&D beneit, the amount matches
your optional life coverage election
Provides coverage in case of an
accidental death or dismemberment
Beneits are payable in the event of loss
of life, limb, sight, and speech or hearing
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Income Protection
Life and Accidental Death and Dismemberment (AD&D) Insurance
Life and AD&D coverage can help you prepare for the unexpected. The chart below provides a summary of the
coverage.
Plan Beneit Amounts Plan Beneit Amounts
Team Member No cost, just elect your beneiciaries for Spouse Life Coverage amount of $50,000 for spouse/
Basic Life and this beneit domestic partner
AD&D Full-time team members—coverage Request to add coverage subject to
equal to one times annual base earnings completion and approval of evidence
rounded to the next higher $1,000 of insurability form if election not made
(maximum $150,000) when irst eligible for coverage
Part-time team members—coverage Term life insurance policy
equal to $10,000 At age 70, there are life insurance
Term life insurance policy amount reductions
At age 70, there are life insurance If you and your spouse/domestic partner
amount reductions are Vidant team members, you are
Provides coverage in case of an ineligible to cover your spouse/domestic
accidental death or dismemberment partner
Beneits are payable in the event of loss Beneit is employer-paid for managers;
of life, limb, sight, speech, or hearing if enrolling as a manager, evidence of
insurability may be required
Full-time team members with 10+ years
of service will receive an additional Child Life Coverage amount of $10,000 per eligible
$25,000 in coverage. child
Team Member May purchase coverage in increments of Managers receive employer paid beneit
Optional Life your base salary upon enrollment
and AD&D Maximum coverage—up to 4 times your Term life insurance policy
annual base salary (maximum $500,000) Children can only be covered by one
Request to add coverage subject to parent
completion and approval of evidence The rates for optional insurance depend on the amount of coverage you
of insurability form if election not made select and your age. When you enter the enrollment system you will see
when irst eligible for coverage the prices for coverage.
Term life insurance policy
At age 70, there are life insurance
amount reductions
For AD&D beneit, the amount matches
your optional life coverage election
Provides coverage in case of an
accidental death or dismemberment
Beneits are payable in the event of loss
of life, limb, sight, and speech or hearing
19
