Information provided is in summary format.  Any difference between the summary provided and actual contract will be settled in favor of the contract.

Eligibility  

You are eligible for Life coverage if you are an active employee working a minimum of 30 hours per week  

Life/AD&D Benefit*

$250,000

$100,000

$50,000

Life/AD&D benefits reduce to 65% of the original amount at age 70 and 50% of the original amount at age 75

Accelerated Death Benefit

If you become terminally ill while you are insured by the plan, you may request a benefit payment of up to 50% of your life insurance benefit  

Up to $5,000 

An additional $10,000 benefit will be paid if the death is the result of an auto accident and seatbelts were properly being worn at the time

An additional $5,000 benefit will be paid if the death is the result of an auto accident, the auto was equipped with airbags, and seatbelts were properly being worn at the time

Benefit Amount per Academic Term for which a Qualified Child is enrolled:

        Each Qualified Child

The lesser of:

 - 12.5% of the Full Amount of the employee's accidental death and dismemberment insurance; or

 - $12,500

8 per lifetime

$100,000

6 years from the date the first benefit payment has been made

Conversion Privilege

When your coverage ends under the plan, you may be eligible to convert your coverage to an individual life policy, without evidence of insurability  

When your coverage ends under the plan, you may be eligible to port your term life coverage, without evidence of insurability  

The employer pays 100% of the cost of the Basic Life/AD&D coverage for employees