Page 11 - Acadia 2021 Benefits Guide Erlanger
P. 11
Life and Accidental Death & Dismemberment
(AD&D) Insurance Plans
Basic Life & AD&D Your Beneiciary
Acadia provides Basic Life/AD&D coverage at no cost to you. It is important to name a beneiciary for your Life and AD&D
The employee life insurance beneit is 1½ times annual salary insurance. If there is not a beneiciary designated, your family
rounded to the next higher $1,000 to a maximum of $50,000. could encounter delays and probate before receiving your
The AD&D beneit pays a lump sum if you lose a limb or die in beneits and this can be very time consuming and costly. It
an accident. The maximum AD&D beneit will be equivalent is also important to keep your beneiciary designation up-
to your basic life beneit. to-date. If you elect Supplemental Life Insurance for your
Supplemental Life & AD&D Coverage spouse or child(ren), you will automatically be the beneiciary.
In addition to the company paid insurance, Acadia provides
you an opportunity to purchase Supplemental Life Insurance SUPPLEMENTAL
for yourself, spouse and children through payroll deductions. LIFE AND AD&D SCHEDULE AMOUNT
Employees must enroll in order to elect coverage for their
spouse or child(ren). If you do not enroll in the Supplemental Increments of $10,000
Life when you are irst eligible, evidence of insurability may Employee 10x salary or $500,000
be required on any amount if you decide to enroll during max
future open enrollments. When electing the Supplemental
Life, you are automatically enrolled in the Supplemental Increments of $5,000
AD&D Insurance for the same beneit amount. This will pay Spouse * 50% of Employee
in addition to Supplemental Life if the cause of death is an Approved Amount
accident or beneits will be paid for dismemberment.
Children - Birth to 26 $10,000
Life Insurance Guarantee Issue
Guarantee Issue is the amount of life insurance you can elect GUARANTEE ISSUE AMOUNT
without answering any medical questions. Guarantee Issue
is only available when you are newly beneit eligible. Employee $400,000
If insurance is applied for beyond the initial enrollment period, Spouse $50,000
medical evidence of insurability will always be required. For
more information, please see “My Company Page” in UltiPro. Children – Birth to 26 $10,000
*Spouse rate is based on spouse’s age. Spouse coverage terminates
at age 70.
Note: Please reference the rate sheet on Page 27 of this
enrollment guide for your supplemental life rates.
2021 Employee Beneits Guide | 11
(AD&D) Insurance Plans
Basic Life & AD&D Your Beneiciary
Acadia provides Basic Life/AD&D coverage at no cost to you. It is important to name a beneiciary for your Life and AD&D
The employee life insurance beneit is 1½ times annual salary insurance. If there is not a beneiciary designated, your family
rounded to the next higher $1,000 to a maximum of $50,000. could encounter delays and probate before receiving your
The AD&D beneit pays a lump sum if you lose a limb or die in beneits and this can be very time consuming and costly. It
an accident. The maximum AD&D beneit will be equivalent is also important to keep your beneiciary designation up-
to your basic life beneit. to-date. If you elect Supplemental Life Insurance for your
Supplemental Life & AD&D Coverage spouse or child(ren), you will automatically be the beneiciary.
In addition to the company paid insurance, Acadia provides
you an opportunity to purchase Supplemental Life Insurance SUPPLEMENTAL
for yourself, spouse and children through payroll deductions. LIFE AND AD&D SCHEDULE AMOUNT
Employees must enroll in order to elect coverage for their
spouse or child(ren). If you do not enroll in the Supplemental Increments of $10,000
Life when you are irst eligible, evidence of insurability may Employee 10x salary or $500,000
be required on any amount if you decide to enroll during max
future open enrollments. When electing the Supplemental
Life, you are automatically enrolled in the Supplemental Increments of $5,000
AD&D Insurance for the same beneit amount. This will pay Spouse * 50% of Employee
in addition to Supplemental Life if the cause of death is an Approved Amount
accident or beneits will be paid for dismemberment.
Children - Birth to 26 $10,000
Life Insurance Guarantee Issue
Guarantee Issue is the amount of life insurance you can elect GUARANTEE ISSUE AMOUNT
without answering any medical questions. Guarantee Issue
is only available when you are newly beneit eligible. Employee $400,000
If insurance is applied for beyond the initial enrollment period, Spouse $50,000
medical evidence of insurability will always be required. For
more information, please see “My Company Page” in UltiPro. Children – Birth to 26 $10,000
*Spouse rate is based on spouse’s age. Spouse coverage terminates
at age 70.
Note: Please reference the rate sheet on Page 27 of this
enrollment guide for your supplemental life rates.
2021 Employee Beneits Guide | 11
