Page 13 - On Locaiton 2023 Benefit Guide
P. 13

Your Life and Accidental Death



        & Dismemberment (AD&D)




        Insurance Plans






          LIFE INSURANCE
          Life insurance is an important part of your financial security, especially if you support a family.


          Group Term Life Insurance and Accidental Death and Dismemberment Insurance are offered by the company.


          AD&D INSURANCE
          Accidental Death & Dismemberment (AD&D) insurance is designed to provide a benefit in the event of
          accidental death or dismemberment.


          Accidental Death and Dismemberment (AD&D) – also called Accident Insurance – is similar to regular life
          insurance.  If you die in an accident, the amount of your AD&D coverage is paid to your beneficiary in addition
          to your Group Term Life Insurance. However, Accident Insurance also pays a benefit if you are seriously injured
          in an accident. Part of your benefit may be paid to you if you lose a limb or the ability to see.





                       Coverage                                 Benefit




                       Basic Life                                  Flat $25,000




                       Basic AD&D                                  Flat $25,000




                                                   Life Insurance - $0.23 per pay















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