Life/AD&D

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The Standard

Policy: 161307

Phone Number: 800-368-1135

Member Website

Life insurance pays a benefit (called a death benefit, which is usually a lump sum) to a beneficiary (whomever you choose to receive the benefit) after your death. If you have a life insurance policy on a family member (such as your spouse or your children), you would receive the money if that family member died. This money can help replace your income. Your family can use it to pay daily living expenses, the mortgage or rent, funeral expenses, college tuition, etc. And your survivors usually do not have to pay income tax on the life insurance benefit.

Accidental Death and Dismemberment (AD&D) insurance pays you or your family a benefit if you are injured or killed in an accident. It’s not fun to think about, but it is an important benefit that helps to protect your finances in an unfortunate situation.

AD&D typically pays a benefit if you: 
• Die, but only if your death is the result of an accident (not a suicide, for example) 
• Are injured in an accident. The benefit amount depends on how severe your injury is. There are different levels of benefits for losing limbs, losing your vision or hearing, being paralyzed, etc. Your schedule of benefits will show you all of the details.

ELIGIBILITY
You are eligible for coverage if you meet any one of the following:
Class 2- Certified Employees and Administrators actively working a minimum of 10 hours per week.
Class 3-Non-Certified Employees actively working a minimum of 10 hours per week.
Class 4- Retired  Certified Employees at least age 55, but less than age 65.

            *Retiree Benefits do not included AD&D

Temporary or substitute employees are not eligible. 

If eligible, Certified employees - coverage begins the first day of the month following date of hire, Non-certified employees - coverage begins the first of the month following 60 days of employment.

 


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