Page 29 - ABM 2021 Benefit Guide MGT
P. 29
LIFE AND AD&D INSURANCE
Cigna
Basic Life and Accidental Death Dependent Life Insurance
and Dismemberment (AD&D) If you purchase voluntary life insurance for
ABM provides, at no cost to you, basic life yourself, ABM allows you to elect voluntary life
with accidental death and dismemberment insurance for your spouse and/or dependent
insurance administered through Cigna. This children. This beneit lets you purchase
coverage may ofer inancial protection to coverage on an after-tax basis.
you if you sufer certain debilitating injuries or
to your beneiciaries if you die. If you should Naming a Beneficiary
die in an accident, the accidental death For life and AD&D insurance coverage, you
and dismemberment coverage may pay an must name a beneiciary at abm.hrintouch.com.
increased beneit. The beneiciary is the person who will receive
the beneit in the event of your death. If you
Your Benefit name more than one beneiciary, be sure to
ABM provides you with: indicate the beneit percentage you wish each
Basic Life of two times your annual base beneiciary to receive. The percentages must
add up to 100%. Beneiciaries may be changed
salary to a maximum beneit of $750,000. at any time during the year.
AD&D of two times your annual base salary
to a maximum beneit of $750,000 for loss Age Reduction
of life which occurs as the result of an
accident. Beginning at age 65, your Basic Life beneit
will be reduced to a percentage of the original
If you have a qualifying accident which amount, as outlined below:
results in the loss of limb(s) or eyesight,
you will receive a percentage of the Age Reduced To
AD&D amount. 65 65%
70 45%
Voluntary Life Insurance 75 30%
You are eligible to purchase voluntary life 80 25%
insurance at competitive group rates. You
may elect up to the guaranteed issue amount
without providing evidence of insurability. Your
individual premium rate will depend on your
age and must be paid on an after-tax basis.
The premium rates and overall cost to you are
available on the enrollment website; please pay
special attention to the voluntary life screens.
ABM 29
Cigna
Basic Life and Accidental Death Dependent Life Insurance
and Dismemberment (AD&D) If you purchase voluntary life insurance for
ABM provides, at no cost to you, basic life yourself, ABM allows you to elect voluntary life
with accidental death and dismemberment insurance for your spouse and/or dependent
insurance administered through Cigna. This children. This beneit lets you purchase
coverage may ofer inancial protection to coverage on an after-tax basis.
you if you sufer certain debilitating injuries or
to your beneiciaries if you die. If you should Naming a Beneficiary
die in an accident, the accidental death For life and AD&D insurance coverage, you
and dismemberment coverage may pay an must name a beneiciary at abm.hrintouch.com.
increased beneit. The beneiciary is the person who will receive
the beneit in the event of your death. If you
Your Benefit name more than one beneiciary, be sure to
ABM provides you with: indicate the beneit percentage you wish each
Basic Life of two times your annual base beneiciary to receive. The percentages must
add up to 100%. Beneiciaries may be changed
salary to a maximum beneit of $750,000. at any time during the year.
AD&D of two times your annual base salary
to a maximum beneit of $750,000 for loss Age Reduction
of life which occurs as the result of an
accident. Beginning at age 65, your Basic Life beneit
will be reduced to a percentage of the original
If you have a qualifying accident which amount, as outlined below:
results in the loss of limb(s) or eyesight,
you will receive a percentage of the Age Reduced To
AD&D amount. 65 65%
70 45%
Voluntary Life Insurance 75 30%
You are eligible to purchase voluntary life 80 25%
insurance at competitive group rates. You
may elect up to the guaranteed issue amount
without providing evidence of insurability. Your
individual premium rate will depend on your
age and must be paid on an after-tax basis.
The premium rates and overall cost to you are
available on the enrollment website; please pay
special attention to the voluntary life screens.
ABM 29
