Life and AD&D Benefits

Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer-paid benefit for employees. Basic Life coverage for your spouse and dependent child(ren) is available for $0.32 per payday for salary employees or $0.26 per payday for hourly employees.

In the event of death, the Basic Life benefit will be paid to the beneficiary or beneficiaries on file. In the event of an injury resulting from a covered accident, the AD&D benefit will be paid directly to the covered individual.


Employee Eligibility	You must be actively working a minimum of 30 hours per week to be eligible for coverage.
Dependent Eligibility	To be eligible for coverage, your dependents must be able to perform normal activities, and not be confined (at home, in a hospital, or in any other care facility), and any child(ren) must be under age 26.
Premium Payment	The premiums for this insurance are paid in full by the policyholder. There is no cost to you for this insurance.

	Benefit Amounts
Employee Life	$20,000
Spouse Life	$2,000
Dependent Child(ren) Life	Six Months and Older: $2,000 14 Days to Less Than Six Months: $500 Less Than 14 Days: $0
AD&D Amount	For you, The Principal Sum amount is equal to the amount of your life insurance benefit.
Age Reduction	Insurance benefits and guarantee issue amounts are subject to age reductions: At age 70, amounts reduce to 65% At age 75, amounts reduce to 45%

Downloads

Summary Class 1

Summary Class 2

Summary Class 3

Basic Group Life and Accidental Death and Dismemberment (AD&D) coverage is a 100% employer-paid benefit for employees. Basic Life coverage for your spouse and dependent child(ren) is available for $0.35 per payday for salary employees or $0.32 per payday for hourly employees.


Employee Eligibility	You must be actively working a minimum of 30 hours per week to be eligible for coverage.
Dependent Eligibility	To be eligible for coverage, your dependents must be able to perform normal activities, and not be confined (at home, in a hospital, or in any other care facility), and any child(ren) must be under age 26.
Premium Payment	The premiums for this insurance are paid in full by the policyholder. There is no cost to you for this insurance.

	Benefit Amounts
Employee Life	$50,000
Spouse Life	$2,000
Dependent Child(ren) Life	Six Months and Older: $2,000 14 Days to Less Than Six Months: $500 Less Than 14 Days: $0
AD&D Amount	For you, The Principal Sum amount is equal to the amount of your life insurance benefit.
Age Reduction	Insurance benefits and guarantee issue amounts are subject to age reductions: At age 70, amounts reduce to 65% At age 75, amounts reduce to 45%

Downloads

Summary Class 1

Summary Class 2

Summary Class 3

When your needs call for more than Basic Life and AD&D coverage, additional Voluntary Life and AD&D coverage is available for purchase for you, your spouse and your dependent children.


Employee Eligibility	You must be actively working a minimum of 30 hours per week to be eligible for coverage.
Dependent Eligibility	To be eligible for coverage, your dependents must be able to perform normal activities, and not be confined (at home, in a hospital, or in any other care facility), and any child(ren) must be under age 26.
Premium Payment	The premiums for this insurance are paid in full by the policyholder. There is no cost to you for this insurance.

	Minimum	Maximum	Guarantee Issue
Employee	$10,000	5 times annual salary, up to $500,000	5 times annual salary, up to $200,000
Spouse	$10,000	100% of employee's benefit, up to $100,000	100% of employee's benefit, up to $40,000
Children	$10,000	100% of employee's benefit, up to $10,000	100% of employee's benefit

Benefits
Life Insurance Benefit Amount	Within the coverage guidelines defined above, you select the amount of life insurance coverage you want. This plan includes the option to select coverage for your spouse and dependent children. Children include those, up to age 26. In the event of death, the benefit paid will be equal to the benefit amount after any age reductions less any living care/accelerated death benefits previously paid under this plan.
Accidental Death & Dismemberment (AD&D) Benefit Amount	For you, your spouse and your dependent child(ren): The Principal Sum amount is equal to the amount of the life insurance benefit. AD&D coverage is available if you or your dependents are injured or die as a result of an accident, and the injury or death is independent of sickness and all other causes. The benefit amount depends on the type of loss incurred, and is either all or a portion of the Principal Sum.
Age Reduction	Insurance benefits and guarantee issue amounts are subject to age reductions: At age 70, amounts reduce to 65% At age 75, amounts reduce to 45%
Exclusions	Life insurance benefits will not be paid if the insured’s death is the result of suicide within two years from the date coverage begins. If this occurs, the sum of the premiums paid will be returned to the beneficiary. The same applies for any future increases in coverage under this plan. Information about the AD&D exclusions for this plan will be included in the summary of coverage, which you will receive after enrolling. Please contact your employer if you have questions prior to enrolling.

Downloads

Voluntary Life Summary

Provided By

Mutual of Omaha

Provider Website

https://mutualofomaha.com

Customer Service

800.877.5176

Resources

Frequently Asked Questions