Page 20 - 2020 DAN Benefits Enrollment
P. 20
Life and Accidental Death and
Dismemberment (AD&D)
Our life and accident insurance plans provide inancial protection in the event of the death of a covered
person or upon certain other losses suffered as the result of an accident. Our company paid Life and
AD&D plan consists basic coverage provided at no cost to you and voluntary beneits you may elect if you
wish to provide additional coverage.
Basic Life And AD&D Insurance
Beneit Amount 2x annual salary to a max of $1,500,000
Supplemental Employee Life Insurance
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Beneit Increments $10,000
Guaranteed Issue Amount (GI) $250,000
Supplemental Spouse Life Insurance
Beneit Amount Up to 100% of the employee election or $500,000, whichever is less
Beneit Increments $10,000
Guaranteed Issue Amount (GI) $50,000
Supplemental Child Life Insurance
Beneit Amount $10,000
Supplemental AD&D – Employee, Spouse and Child
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Beneit Increments $10,000
Guarantee Issue Amount (GI) Full Amount
Spouse beneit is 50% of the employee election; Child beneit is 10% of employee election,
Limitations not to exceed $10,000
The Guaranteed Issue (GI) amount applies to newly eligible
individuals. Limited elections are sometimes made available You must name a beneiciary(ies)
during annual enrollment, but are not guaranteed after your initial for any life or AD&D coverage.
eligibility window as a new hire. All coverage amounts over the GI You are the beneiciary on any spousal
amount will always be subject to proof of good health (EOI). or dependent coverage you elect.
20 2020 Beneits Enrollment
Dismemberment (AD&D)
Our life and accident insurance plans provide inancial protection in the event of the death of a covered
person or upon certain other losses suffered as the result of an accident. Our company paid Life and
AD&D plan consists basic coverage provided at no cost to you and voluntary beneits you may elect if you
wish to provide additional coverage.
Basic Life And AD&D Insurance
Beneit Amount 2x annual salary to a max of $1,500,000
Supplemental Employee Life Insurance
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Beneit Increments $10,000
Guaranteed Issue Amount (GI) $250,000
Supplemental Spouse Life Insurance
Beneit Amount Up to 100% of the employee election or $500,000, whichever is less
Beneit Increments $10,000
Guaranteed Issue Amount (GI) $50,000
Supplemental Child Life Insurance
Beneit Amount $10,000
Supplemental AD&D – Employee, Spouse and Child
Beneit Amount Up to 5 times salary or a maximum of $1,000,000
Beneit Increments $10,000
Guarantee Issue Amount (GI) Full Amount
Spouse beneit is 50% of the employee election; Child beneit is 10% of employee election,
Limitations not to exceed $10,000
The Guaranteed Issue (GI) amount applies to newly eligible
individuals. Limited elections are sometimes made available You must name a beneiciary(ies)
during annual enrollment, but are not guaranteed after your initial for any life or AD&D coverage.
eligibility window as a new hire. All coverage amounts over the GI You are the beneiciary on any spousal
amount will always be subject to proof of good health (EOI). or dependent coverage you elect.
20 2020 Beneits Enrollment
