Life and Accidental Death & Dismemberment (AD&D)
Eligible employees are provided with Employee Life and AD&D insurance through The Hartford, at no additional cost to you.
Acme provides eligible employees with $50,000 in group Life and Accidental Death and Dismemberment (AD&D), and pays the full cost of this benefit. Contact your Plan Administrator to update your beneficiaries.
These benefits may reduce as you age. See your plan administrator for details.
Video: Life and AD&D Insurance
Long Term Disability
Acme provides eligible employees with Long-Term Disability through The Hartford and Acme pays the full cost of this coverage.
If you were to become disabled from a qualifying injury or illness, Long Term Disability income benefits provide a source of income.
Why Do I Need Life Insurance?
Ask yourself this: In the event of my death, how would my family …
- Pay final expenses?
- Pay off debt?
- Pay for daily living expenses (housing, food, bills, etc.)?
- Replace Your Income?
- Maintain financial stability?
Voluntary Life Insurance
Acme provides eligible employees the opportunity to enroll in Voluntary Life benefits through The Hartford. If you want to supplement your group life insurance benefits, you may purchase additional coverage. Voluntary Life allows you to enroll yourself and/or your dependents, and you pay the full cost of the benefit through payroll deductions.
Additional coverage for employees can be purchased in $10,000 increments. The Hartford guarantees an issued amount of $100,000 and maximum coverage of $300,000.
Coverage for spouses can be purchased in $5,000 increments. The Hartford guarantees an issued amount of $25,000 and maximum coverage of $50,000.
Coverage for dependents can be purchased in the amount of $10,000 for ages 6 months – 19 years of age and $500 for ages 15 days – 6 months of age.
See your plan administrator for plan costs.
Common Life Insurance Terms:
Accidental Death Insurance (AD&D): Generally an add-on to a regular life insurance policy, it is only paid if the death of the insured occurs as the result of an accident.
Age Reductions: Most insurance policies reduce your life insurance benefit as you age.
Beneficiary: The person or party named by the owner of a life insurance policy to receive the policy benefit.
Contingent beneficiary: The party designated to receive proceeds of a life insurance policy following the insured’s death if the primary beneficiary predeceased the insured.
Conversion: If you ever leave employment, you may be able to convert the group policy into an individually owned life insurance policy.
Coverage Amount: Value of life insurance
Portable: If you ever leave employment, you may be able to continue the life insurance coverage with your new employer.
Premiums: Amount paid to the insurance company to buy a policy and keep it in force.