Basic Life and AD&D Insurance
Life insurance helps ease your loved ones’ financial burden. Your designated beneficiary will receive a benefit if you pass away from a covered accident or illness. In addition, the Accidental Death and Dismemberment (AD&D) benefits paired with life insurance provides a benefit to your beneficiary if you pass on or become dismembered due to a specifically covered accident. Benefits may reduce as you age. See your plan documents for more detail. This benefit is 100% company paid. See HR for more information.
Voluntary Life and AD&D Insurance
Voluntary term life/AD&D allows you to purchase additional life and AD&D coverage for yourself and your dependents. Your age and the amount of insurance you elect determines the premium you’ll pay. Costs will increase as you age, and benefits may be reduced. See your plan documents for more detail and to determine if Evidence of Insurability applies.
An employee’s maximum benefit election cannot exceed $500,000. A spouse’s maximum election cannot exceed 50% of what the employee takes out on themselves.
The cost of the benefit is 100% paid for by you. Your age and the amount of insurance you elect determines the premium you’ll pay. Costs will go up as you age. See your plan documents for more detail.
| Employee | Spouse | Child(ren) | |
| Coverage Increments | $10,000 | $5,000 | $10,000 |
| Max Benefit Amount | $500,000 | $150,000 | $10,000 |
| Guaranteed Issue Amount* | $30,000 | All Amounts are subject to Evidence of Insurability | $10,000 |
*PLEASE NOTE: Guaranteed Issue applies to New Hires only, available to enroll on their 90th day of employment. For all other employees, if you waived enrollment during your new hire eligibility period, or if you waived during open enrollment in December 2021,Guaranteed Issue will not apply. You are still able to enroll but will be subject to evidence of insurability.
Carrier: BlueCross BlueShield
Website: www.bcbsil.com/ancillary
Phone: 800-367-6401