Page 11 - Down East Wood Ducks 2022 Benefits Guide
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LIFE AND AD&D INSURANCE
Your Life and AD&D Insurance - Unum
To provide financial protection for your family, the Down East Wood Ducks provide 100% employer
paid Basic Life and AD&D insurance to benefit eligible employees through Unum. In the event of our
death, life insurance benefits protect your family financially. AD&D is a benefit paid in the event of
dismemberment or as an addition to your life insurance if death results from an accident. You have the
option to purchase, at reduced group rates, additional (voluntary) life insurance for yourself, your
spouse, and dependents.
Benefit Information
• Premiums paid by the Company
• Employee Benefit Amount:
You are provided with 1.5 times your annual earnings of term life insurance to an overall maximum benefit of
$300,000.
You will also receive 1.5 times your annual earnings of Accidental Death and Dismemberment insurance to an overall
maximum benefit amount of $300,000.
Reduction Schedule:
• 65% at age 65
• 50% at age 70
The above is a summary of this benefit option.
Click here for more detailed information on this available benefit option.
Portability/Conversion
In the event your employment ends, you retire, or reduce your hours to the point you are no
longer benefits-eligible, you can take your coverage with you. You must apply for
portability/conversion with 31 days of your group coverage ending.
2022 Down East Wood Ducks Benefit Guide Page 11
