Page 28 - 2021 Willett Engineering Benefits Guide
P. 28

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            Life insurance is an important part of your financial well-being,
            especially when your loved ones depend on you for support.









                                              What is the value of my policy?



                                              Gray provides basic life insurance and Accidental Death and
                                              Dismemberment (AD&D) to all eligible team members at no cost in the
                                              amount of one times your annual salary, up to a maximum of $50,000.

                                              AD&D pays a benefit to you or your beneficiary in the event of
                                              certain accidental injuries or loss of life due to an accident.












            Why is life insurance important?




                   It protects your family   It pays off debts and other   It can cover final expenses.   It offers peace of mind.
                   and loved ones by     expenses. Beyond the cost   The cost of a funeral/burial   While no amount of
                   replacing your income   of everyday living, your family   can easily add up to tens   money could ever replace
                   in the unfortunate event   needs to cover outstanding   of thousands of dollars.   a person, life insurance
                   of your passing.      debts like the mortgage,   Life insurance can help   provides protection for
                                         credit cards and car loans.
                                                                reduce this unfortunate   life’s uncertainties.
                                                                financial burden.







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