What is Voluntary-Term Life and Accidental Death & Dismemberment Insurance?

Proceeds can be used to replace lost potential income during working years and help ensure your family’s financial goals will still be met; goals like paying off a mortgage, keeping a business running, and paying for college. AD&D coverage is included as a part of life insurance benefits and will pay out a lump-sum death benefit in the event you or a covered loved one are killed accidentally or die later as the direct result of an accident.

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Plan Rules:

• Eligibility: All full-time employees working 20 or more hours/week, spouse and unmarried children up to age 26

• Coverage through OneAmerica

• Employee must be actively at work on the effective date

• Benefit amount doubles in the event an accident results in death

• Employee must elect coverage on themselves in order to purchase for dependents

• If electing for the first time outside of the initial open enrollment period or for an amount over the Guaranteed Issue Amount, health question will be required

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